Lachlan Murdoch sells $28m News Corp stake

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Link: Daily Telegraph

Lachlan Murdoch, the elder son of News Corp chief executive Rupert Murdoch, has sold half of his stake in the media empire for $27.6m (£16.7m). It is thought he sold down his stake to fund the purchase of half of DMG Radio Australia from Daily Mail and General Trust (DMGT).

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