Washington | Media magnate Lachlan Murdoch says a multibillion-dollar deal that allowed his siblings to cash out of the family business should reassure Fox Corporation investors about the strategy for the live sports and news broadcaster and may help its push into wagering.

In his first public comments since emerging triumphant as heir to the family’s sprawling media empire , Rupert Murdoch’s eldest son, 54, said the deal meant the company that owns Fox News and Fox Sports could continue on the path set in 2019 when the family sold its film and television studios and entertainment cable TV channels to Disney. Loading...

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