NEW YORK — Media baron Rupert Murdoch and his soon-to-be-ex-wife said they were parting with “mutual respect” after telling a judge Wednesday that they had reached a divorce deal.

The chairman of News Corp. and 21st Century Fox and his wife of 14 years, Wendi Deng Murdoch, shook hands and hugged after a brief proceeding in a Manhattan court. The terms of the agreement weren’t disclosed in court.

The divorce will end a third marriage for Rupert Murdoch, 82, who got his start in his family’s newspaper business in his native Australia and built a global media conglomerate. Forbes pegged his and his family’s wealth at $13.4 billion in September.