Murdoch and wife reach divorce deal

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Rupert Murdoch on Thursday filed for divorce from his wife of 14 years, Wendi.

Rupert Murdoch on Thursday filed for divorce from his wife of 14 years, Wendi.

Photo_Web_Murdoch_140613

Rupert Murdoch on Thursday filed for divorce from his wife of 14 years, Wendi.

Rupert Murdoch on Thursday filed for divorce from his wife of 14 years, Wendi.

NEW YORK - Media baron Rupert Murdoch and his wife, Wendi Deng Murdoch, have reached a divorce settlement.

The two appeared in a New York court on Wednesday to tell a judge they&39;ve reached a deal to end their 14-year marriage. Terms weren&39;t disclosed.

The Murdochs say in a joint statement that the settlement was amicable. It says they&39;ll move forward with "mutual respect" and a shared interest in their daughters&39; welfare.

It was the third marriage for 82-year-old Rupert Murdoch, who leads 20th Century Fox and News Corp.

The divorce won&39;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 44-year-old Wendi Deng Murdoch have two school-age daughters. They are beneficiaries of 8.7 million non-voting shares being held in a separate trust.