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The closely watched Murdoch succession drama has ended with a $3.3-billion settlement that gives Lachlan Murdoch control of the family’s influential media assets, including Fox News, the New York Post and the Wall Street Journal.

Fox Corp. on Monday announced the “mutual resolution” of the legal wrangling that had clouded the future direction of the television company and the Murdoch-controlled publishing firm News Corp. The dollar figure was confirmed by a person familiar with the matter who was not authorized to comment publicly.

The succession dispute flared into public view last year after three of Murdoch’s children attempted to block proposed changes that patriarch Rupert Murdoch wanted to make to his trust to cement his oldest son Lachlan’s grip on power. In December, a Nevada probate commissioner rejected Rupert Murdoch’s request to amend his trust amid the opposition by his three adult children.

The 94-year-old mogul wanted to ensure the conservative leanings of his media empire would carry on and felt that Lachlan Murdoch, who serves as chairman and chief executive of Fox, was the most ideologically compatible with his own point of view.

Until now, Rupert’s four oldest children — Prudence MacLeod, Elisabeth Murdoch, Lachlan Murdoch and James Murdoch — were set to jointly inherit control of the businesses. But, as part of the settlement, Prudence, Elisabeth and James agreed to relinquish their shares in the family trust and give up any roles going forward.

Two new trusts will be established. One will benefit Lachlan Murdoch and Rupert Murdoch’s two youngest daughters, Chloe and Grace Murdoch, who were born during his union with ex-wife Wendi Deng.

The second trust will benefit Prudence, Elisabeth, James and their descendants. Fox Corp. separately announced a public offering of 16.9 million shares of Fox Corp. stock, currently held by the Murdoch Family Trust.

Those proceeds, along with the sale of 14.2 million shares of publishing company News Corp.’s Class B common stock, will fund the new trust.

Fox said Monday that voting control of the Fox and News Corp. shares held by this trust “will rest solely with Lachlan Murdoch through his appointed managing director” through 2050.

“Fox’s board of directors welcomes these developments and believes that the leadership, vision and management by the Company’s CEO and Executive Chair, Lachlan Murdoch, will continue to be important to guiding the Company’s strategy and success,” the board said in a statement.

Fox said it is not selling any of its stock.

The family will sell nonvoting Class B shares and hold on to its voting shares — and control. Rupert Murdoch will remain the company’s chairman emeritus.

During a six-month period following the stock sales, James, Prudence and Elisabeth will be expected to “sell their de minimis personal holdings in FOX and News Corp.” to severe all ties with the companies.

Drenched in sweat and tears, Diego Montes could finally gasp for air in the sweltering heat of the San Fernando Valley summer.

It wasn’t the high-90s heat that lingered through the three-plus hour City Section showdown Friday night that left the five-foot-11 senior quarterback of Granada Hills Kennedy emotional, burrowed into family members’ arms after the game ended. Montes had just surged into the end zone for a winning five-yard rushing touchdown — the last of a career-best seven-touchdown performance — in a 59-56 triumph over Eagle Rock and quarterback Liam Pasten.

If Friday served as a litmus test for the City Section squads, both vying for league titles (Eagle Rock in the Northern League and Kennedy in the Mission League), their quarterbacks more than met the challenge.

An hour before kickoff, three Kennedy students called Montes over to the football field’s side gate.

“How many touchdowns are you going to score tonight?” one student asked.

Montes replied: “I got five.”

He didn’t just secure five. His seven scores — three passing and four rushing — combined with his 280 passing yards and 164 rushing yards helped Kennedy rally, even when the Golden Cougars trailed by two scores at two points in the game.

“That’s the most tired I’ve ever been in a game,” said Montes, who scored the winning touchdown with just 11 seconds remaining. “My last first game. It means so much to me.”

Montes connected with Jay Saucillo three times — the last of which placed Kennedy ahead 51-50 with 4:11 left.

Pasten, who tallied 389 passing yards, seven passing touchdowns and one rushing touchdown against the Golden Cougars, had more than enough time to strike back. Battling blow for blow with Montes — who earned All-City honors alongside Pasten a year ago — the Eagles senior tossed a 15-yard touchdown to Aidan Sierra to give Eagle Rock a 56-51 lead with 1:11 left.

“I was in the twilight zone for a little bit,” Kennedy coach Troy Cassidy said about the back-and-forth battle. “It was such a hot day today and just draining. And there were so many plays run between two no-huddle offenses.”

While Pasten is well on his way of surpassing the 36 passing touchdowns he had last season ultimately couldn’t lead Eagle Rock to victory, he embraced Montes after the game and complimented him on his standout performance.

Montes jogged to Eagle Rock’s sideline as the team prepared for the bus ride home, making a beeline for Eagles coach Andy Moran to shake his hand.

For Pasten and Montes, this is what the City Section is all about.

“Don’t underestimate us,” Pasten said. “A lot of people look towards that Southern Section, but I mean, City Section players got heart. They battle every game. So just don’t, don’t underestimate the talent.”