A dramatic legal battle in which 94-year-old media mogul Rupert Murdoch tried to change an irrevocable trust to bar his more liberal children from majority control of Fox News and The Wall Street Journa l has ended in a multibillion-dolllar settlement that leaves the outlets in the hands of his conservative son, Lachlan Murdoch.

Rupert Murdoch ’s decades-long, high-stakes battle over the future of his media empire has ended with a sweeping settlement, transferring control of Fox News and The Wall Street Journal to his eldest son, Lachlan Murdoch, while other heirs exit a family trust that controlled the outlets in exchange for huge payouts.

The multibillion-dollar deal brings an end to legal conflicts that captured global attention and cements a clear future for the companies a

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