The son (left) of CEO Rupert Murdoch sold 2.3 million Class A News Corp. shares at an average price of $12.29 each, according to a filing Tuesday with the Securities and Exchange Commission. Two weeks ago, he also sold 2.3 million Class A shares, The Wall Street Journal is now reporting.
"With the transactions," the WSJ says, "Lachlan Murdoch has sold his non-voting News Corp. stock. Each of Rupert Murdoch's children, including Lachlan, received 4.3 million Class A News Corp. shares in 2007, as part of an agreement to settle a family dispute over how to share the Murdoch family stake in News Corp. The stakes were valued at $100 million each at the time."
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