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Murdochs Reach Deal to Resolve Succession Fight

NYT - Media · Jim Rutenberg and Jonathan Mahler · last updated
Lachlan Murdoch will take control of a new family trust in a deal worth $3.3 billion, ensuring that his father’s media empire will retain its conservative slant.
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The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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