Lachlan Murdoch Says Family Settlement Gives Investors Clarity

Fox Corp. Chief Executive Officer Lachlan Murdoch, who emerged as victor in a battle over his family’s trust, said settlement of the dispute is “great news for investors.”

“It gives us clarity about our strategy going forward,” he said Wednesday at a Goldman Sachs Group Inc. investor conference.

This week, Murdoch, 54, cemented his position atop the media empire founded by his father, Rupert, which also includes News Corp., parent of the Wall Street Journal and New York Post.

In an agreement announced Monday, family members gave Lachlan control of Fox and News Corp. Three ...