Lachlan Murdoch

This ended the two-year legal battle that undermined the credibility of the right-wing TV network, Index.hr reported.
The deal was announced Tuesday, and rumors of a settlement circulated in the courtroom when, after a lunch break, proceedings were dramatically halted for nearly three hours without any explanation, CNN reports.

Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc  will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said, quoted by Reuters.

Rupert Murdoch's 21st Century Fox said on June 16 its board approved a shakeup that puts the 84-year-old tycoon's son James in the chief executive job effective July 1.

The media-entertainment conglomerate's board approved the plan in which the Australian-born magnate would step down as CEO and become co-executive chairman with his other son, Lachlan.

Rupert Murdoch will soon hand over the reins of the media dynasty that began with his father's Australian newspaper nearly a century ago to his sons.