Rupert Murdoch, wife reach divorce deal in NYC

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

The two appeared in a New York court Wednesday to tell a judge they've reached a deal to end their 14-year marriage. Terms weren't disclosed.

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

It was the third marriage for 82-year-old Rupert Murdoch, who leads 21st Century Fox and News Corp.

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 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.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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