As Rupert Murdoch ends an acrimonious battle to see his son Lachlan take control of his news empire, his other three eldest children will pocket a reported $1.1bn each – including his previously forgotten daughter, Prudence. Megan Lloyd Davies reports

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.

Family announces Rupert Murdoch’s eldest son, Lachlan Murdoch, will secure control of business