Murdoch reaches divorce settlement with Wendi Deng
Last Updated: 2013-11-21 10:07 | CNTV.cn
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Murdoch reaches divorce settlement with Wendi Deng

Rupert Murdoch reaches divorce settlement with third wife, Wendi Deng Murdoch. (Photo: Chinanews.com)

Media baron Rupert Murdoch and his wife, Wendi Deng, have reached a divorce deal.

The two appeared in a New York City court on Wednesday to tell a judge they had arrived at a settlement to end their 14-year marriage. The terms were not disclosed in court. It was the third marriage for 82-year-old Murdoch, who runs an entertainment and media empire.

Murdoch split his firm News Corp. earlier this year into two companies: the journalism and publishing portion, still called News Corp., and the more profitable film and TV unit, 21st Century Fox. The divorce won’t affect control of the companies or the succession plan for them.

Rupert Murdoch controls them through a family trust that benefits his four children from previous marriages. He and Wendi Deng’s two school-age daughters are beneficiaries of 8.7 million non-voting shares being held in a separate trust.

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