(Reuters) -Fox Corp CEO Lachlan Murdoch said on Wednesday the settlement over the Murdoch Family Trust is “great news for investors” and will provide clarity and continuity to the company’s strategy, in his first public remarks since the agreement.

The deal, announced on Monday, cemented the control of Rupert Murdoch’s politically conservative son over the media empire that includes Fox News and the Wall Street Journal, ending a protracted succession battle.

“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 told investors at the Goldman Sachs Communacopia + Technology Conference.

The deal, reached after a Nevada court last year rejected an attempt to amend the family trust, provides clar

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