Lachlan Murdoch Transfers $10 Million in Fox Corporation Shares

Executive Chair and CEO Lachlan Murdoch transferred 149,934 shares of Fox Corporation Class A Common Stock to the LKM Family Trust on September 15, 2026. The transaction was valued at $10,274,977, with shares priced at $68.53 each. This transfer reduced Murdoch's direct ownership to 152 shares, while his indirect ownership through the trust increased to 1,401,713 shares.

The internal movement of assets follows a strong financial period for Fox Corporation, which reported record fiscal year 2026 revenue exceeding $17 billion. This growth was driven by the launch of the FOX One streaming service and coverage of the FIFA Men’s World Cup.

Simultaneously, court documents from a family succession case reveal that Rupert Murdoch and Lachlan Murdoch are considering a potential re-merger between Fox Corporation and News Corp. This possibility has contributed to stock price volatility for both media entities.