Rupert Murdoch's family has reached a deal that will see his politically conservative son Lachlan Murdoch cement control of his media empire.

Three of Murdoch's children, Prudence MacLeod, Elisabeth Murdoch and James Murdoch, will cease being beneficiaries of any trust holding shares in Fox Corporation and News Corporation.

• Guest: David Folkenflik, NPR's media correspondent and author of Murdoch's World: The Last of the Old Media Empires
• Producer: Grace Stranger