The thirty-year job interview has concluded at last. On September 8th the Murdoch family announced that it had resolved a decades-long dispute over who will control its television and newspaper empire when Rupert Murdoch, who is now 94, dies. The upshot of a complicated deal is that Lachlan Murdoch, the third-eldest of six Murdoch children, will inherit a controlling stake in Fox and News Corp, the family firms. Their combined market value is $42bn; their combined influence—with brands including Fox News, the New York Post and Wall Street Journal—is greater still. The agreement, announced on Mr Murdoch’s 54th birthday, makes him one of the world’s most powerful people for decades to come.
in Business
