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A perennial successful battle inside The Conservative Media -Imperial Rupert Merdac came to the end, and his son Laklan set up a news group.
The transaction announced on Monday on Monday will provide a constant conservative commitment to Fox News, The Wall Street Journal and New York Post even after the death of a 94-year-old Rupert.
According to the agreement, Laklan will control the new trust, while the Brothers and Sisters of the PRU McLood, Elizabeth Merdak and James Merdak will cease to be beneficiaries of any confidence in Fox or News Corp.
From this, the years of tension between the media-lab and three children in the future of family newspapers and television networks are followed.
The internal upheaval of Merdak’s family was an inspiration for the hit -telleys. The transaction announced Monday to complete the saga in real life ends all lawsuits regarding the confidence of the family.
In the coming months, more moderate older brothers and sisters Laklan sell their holdings in Fox and News Corp in the coming months. They will also be named as a new trust, which will receive cash from the sale of about 14.2 million News Corp shares. and 16.9 million shares of Fox Corp.
The sale of their shares will add to the existing heritage of the three brothers and sisters, but prevent them from having some influence on the political media bent.
Currently, Laklan is the chairman of the News Corp, which counts the Wall Street Journal and the time among its editions. It is widely regarded as the most politically conservative of Rupert’s oldest children.
“Leadership, vision and management of the company Laklan Merdak will still be important for the management of the strategy and success of the company,” NEWS Corp said in a statement announced by the agreement.
