Rupert Murdoch’s family has reached a deal to end the years-long succession battle over the mogul’s media empire.

The deal, announced by News Corp on Monday, will see eldest son Lachlan Murdoch take control of a sprawling media portfolio that includes Fox News, The Wall Street Journal, The New York Post, and The Times.

The agreement helps ensure that Murdoch’s media properties will retain their conservative bent long after the 94-year-old patriarch’s death.

Under the settlement, Lachlan, who is widely viewed as more aligned with his father’s conservative views than his siblings, and his two younger sisters, Grace and Chloe, will be beneficiaries of a new family trust that has a controlling stake in Fox Corporation and News Corp.

The deal stipulates that the trust will be in place until

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