Lachlan Murdoch to Control Rupert Murdoch's Media Empire After Settlement
1. Lachlan Murdoch appointed to control the family trust over siblings' opposition. 2. Shares of FOXA and NWSA fell in premarket trading after the settlement. 3. The Murdoch trust includes 36.2% of FOXA Class B stock. 4. Settlement resolves years of litigation over trust management issues. 5. Fox shares have gained 16% this year amidst ongoing family conflicts.