The Murdoch family has reached an out-of-court settlement regarding the future of its media empire. Lachlan Murdoch, son of Rupert Murdoch, will maintain control of the media group after a contentious legal battle with his siblings.

The dispute arose over a proposal to amend the Murdoch family trust. This plan aimed to transfer control of Fox Corp and News Corp to Lachlan upon Rupert's passing. The proposed changes would have altered the trust's "irrevocable" terms, which originally provided for an equal division of control among Rupert's eldest children: James, Elisabeth, and Prudence Murdoch.

James, Elisabeth, and Prudence opposed the changes, leading to a court case in Nevada last year. The siblings' resistance highlighted the deep divisions within the family, reminiscent of the drama depicted in the television series "Succession."

The recent agreement allows Lachlan to retain leadership of the media empire, resolving the family feud that had escalated into a legal confrontation. The settlement marks a significant moment in the Murdoch family's ongoing legacy in the media industry.