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Murdoch pulls plug on possible merger of News Corp., Fox

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The Murdoch family controls both corporations but spun off Fox properties into a separate company after selling a large part to Disney

In similar statements Tuesday, the companies said their boards received letters from Murdoch withdrawing the plan.

The elder Murdoch first floated merging News Corp. – which owns The Wall Street Journal, New York Post, The Sun and The Times in the U.K., and book publisher HarperCollins – and Fox Corp. that controls Fox News, Fox Sports and local TV stations, in October, according to regulatory filings.

 

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