Rupert Murdoch’s children reached a settlement in their legal battle over control of the media empire, his companies said Monday, cementing eldest son Lachlan’s leadership. The deal ends litigation from…

Rupert Murdoch's children have reached a settlement in the legal dispute over control of the right-wing media mogul's companies, News Corp and Fox Corp announced Monday. The agreement establishes LGC Holdco, which will own all shares of News Corp and Fox Corp previously held by the original family trust.

Rupert Murdoch's children have reached a settlement in the legal dispute over control of the right-wing media mogul's companies, News Corp and Fox Corp announced Monday. The agreement establishes LGC Holdco, which will own all shares of News Corp and Fox Corp previously held by the original family trust.

The case pitted the 94-year-old against three of his children over who would gain the power to control News Corp and Fox Corp after his death.

Rupert Murdoch's children have reached a settlement in the legal dispute over control of the right-wing media mogul's companies, News Corp and Fox Corp announced Monday. The agreement resolves litigation after siblings had contested Murdoch's effort to install as successor his son Lachlan, who shares his father's political orientation. But…