Rupert Murdoch turned his father’s Aussie newspaper chain into a $43 billion global media empire with Fox Corp. and News Corp. Fox Broadcasting challenged US networks with Fox News and Sports. News Corp. owns Dow Jones, New York Post, The Times, The Sun, and HarperCollins.

Murdoch family trust dispute ended with $1.1 billion payouts to Prudence, Elisabeth, and James. Lachlan borrowed $1 billion for buyouts secured by Fox Corp. and News Corp. shares. Lachlan gains control of a third of voting shares in both companies.

Lachlan Murdoch, poised to lead the family business, has a track record of successful bets, like the REA Group stake. He led acquisitions of fintech Credible and Tubi. The move to take over Ten Network Holdings failed. He leads a digital-focused media empire.

Fox Corp. reported a 7% ad revenue increase, driven by Tubi and Fox News. Fox News projects $500 million in non-cable TV revenue. News Corp. saw growth in digital subscriptions at Dow Jones. A proposed merger between News Corp. and Fox Corp. was not deemed optimal for shareholders.

News Corp. investors oppose a reunion with Fox Corp., citing undervaluation. JPMorgan and Citigroup rate the stock a buy. News Corp. CFO notes a significant discount to net asset value. Rupert’s legacy is in unlocking a global empire, while Lachlan aims to unlock value.

Read more at Yahoo Finance: What’s Next for the Murdoch Empire?