The Murdoch family’s announcement on Monday that Lachlan Murdoch had completed an agreement to secure control of their media empire was the final step in the yearslong succession arc.
Under the deal, three of Lachlan’s siblings — Prue, Liz and James — will each receive $1.1 billion for their shares in the family business, according to a person with knowledge of the deal. The family empire includes Fox Corporation and News Corp, which Lachlan will effectively control through a trust.
But what, exactly, will he control? After decades of global acquisitions, changing corporation names and a $71.3 billion sale of 21st Century Fox assets to the Walt Disney Company in 2019, there’s a lot to track. But the businesses influence the daily lives of millions of people around the world.
Here is a rundown of the major organizations under the umbrella of Fox Corporation and News Corp, which have a slew of brands among them.
Fox Corporation
What’s in it:
Fox News Media
Fox Entertainment
Fox Sports
Contracts with local affiliate stations
Tubi Media Group, which operates Tubi, a free streaming service
What does it earn? Total revenues for the fiscal year that ended June 30 topped $16 billion, a record for the company. Net income was $2.29 billion.