Murdoch trust litigation resolved; 14.2M Class B shares offered in secondary

NEWS CORP

Trust litigation in Nevada terminated; new trusts for Lachlan, Grace, Chloe Murdoch established.
Departing beneficiaries (Prudence, Elisabeth, James) cease to hold any trust shares in News Corp or Fox Corp.
LGC Holdco to own ~33.1% of News Corp Class B and ~36.2% of Fox Corp Class B after transactions.
Selling stockholders offer 14,182,161 News Corp Class B shares in underwritten offering; all proceeds to sellers.
Lachlan Murdoch gets sole voting control over LGC Holdco shares; Rupert remains Chairman Emeritus.

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