and

The 94-year-old mogul wanted to ensure the conservative leanings of his media empire would carry on and felt that Lachlan Murdoch, 54, who serves as chairman and chief executive of Fox, was the most ideologically compatible with his own point of view.

For much of the last year, James, Elisabeth and Prudence were sharply at odds with their father and Lachlan.

The mogul’s current trust will be dissolved and two new trusts will be established.

Fox said Monday that voting control of the Fox and News Corp. shares held by this trust “will rest solely with Lachlan Murdoch through his appointed managing director” through 2050.

But in 2014, after separating his media company into two halves — Fox and News Corp.