Speaking at a Goldman Sachs conference Wednesday, Murdoch said that the settlement will enable the company to act strategically, acknowledging the uncertainty that clouded the company while the legal battle over the Murdoch Family Trust ensued.
“It gives us a clarity about our strategy going forward. It shows that our strategy will be consistent, it’s clear, and it’s very sustainable,” Murdoch said. “We are very pleased to be able to move forward and remain focused on the path that we’re on.”
On Monday, the Murdoch family announced the settlement over the trust, with Lachlan securing control of the family jewels: News Corp. and Fox Corp. His siblings, James Murdoch, Elisabeth Murdoch and Prudence MacLeod, will each receive about $1.1 billion funded in part by…
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