#United States #New York #Fox Corporation #Lachlan Murdoch #Murdoch Family Trust

Fox Corporation Resolves Murdoch Family Trust Issues

In a significant development for Fox Corporation, the company announced on September 8, 2025, that the trustees and beneficiaries of the Murdoch Family Trust (MFT) have successfully settled ongoing legal complications in Nevada. This settlement brings an end to the litigation and outlines substantial changes in the trust's structure.

Under the new arrangement, separate trusts will be formed to benefit Lachlan Murdoch, Grace Murdoch, and Chloe Murdoch—referred to as the Remaining Beneficiary Trusts. Meanwhile, Prudence MacLeod, Elisabeth Murdoch, and James Murdoch, known as the Departing Beneficiaries, will no longer hold claims to any trusts that hold shares in Fox Corporation or News Corporation. In a notable financial maneuver, these departing beneficiaries will receive cash compensation sourced partly from the public sale of approximately 31.1 million shares of Class B common stock in both Fox and News Corporation, which were previously under MFT management.

As a result of these alterations, LGC Holdco, LLC, owned by the Remaining Beneficiary Trusts, will gain control of around 36.2% of Fox's Class B common stock and about 33.1% of News Corporation's Class B stock. Importantly, the Departing Beneficiaries will also divest from their minimal personal holdings in this six-month transition period, ensuring that they will not maintain any interest in Fox or News Corporation going forward. This step will be solidified by a long-term standstill arrangement that prevents the Departing Beneficiaries, along with their affiliates, from acquiring any shares in these corporations.

Moreover, it has been stated that the Remaining Beneficiary Trusts will operate under a term that extends to 2050, ensuring that Lachlan Murdoch will retain exclusive voting rights over LGC Holdco’s stocks during this period. Rupert Murdoch will continue serving as the Chairman Emeritus of the company, maintaining his longstanding role in Fox's leadership.

The Board of Directors at Fox Corporation is optimistic about these changes. They believe that Lachlan Murdoch's ongoing leadership and vision will be pivotal in steering the company’s future strategies towards a path of success. The organization, known for its assortment of media ventures including FOX News, FOX Sports, Tubi Media Group, and more, has emphasized its commitment to providing impactful news, sports, and entertainment content. This includes a robust approach to building strong relationships with consumers and creating compelling offerings for advertisers and distributors alike.

Fox Corporation has indicated that the resolution of the trust matter may be crucial in reshaping its corporate landscape, particularly regarding its stock price and operational strategies. As the company continues to adapt to an evolving media marketplace, these changes are expected to strengthen its position across various segments of the entertainment and news industries.

For further insights into Fox Corporation and its range of media offerings, you can visit their official site at www.FoxCorporation.com. The future of both Fox and the Murdoch family presents a myriad of new opportunities, as the company seeks to enhance its competitive edge whilst also navigating through the complexities of family trust dynamics.