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Media Magnate Murdoch Looking to Build His Empire

Worldwide media magnate Rupert Murdoch is on the hunt to add to his corporate empire in the United States, as American media companies seek assets to gain an advantage over competitors. Murdoch already controls movie studio 21st Century Fox, the widely watched Fox television channels and a prominent business newspaper, The Wall Street Journal. But media rival, Time Warner, balked this week at Murdoch's $80 billion offer to take over its movie studio, the popular HBO and Turner cable...

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