Reply #7: Here's a link

[Whoa_Nelly]

http://www.startribune.com/stories/484/5177458.html

Murdoch set to buy out Fox shareholders for about $7 billion


NEW YORK -- Rupert Murdoch, consolidating his global media empire in the United States, is expected to announce today that he will buy out the shareholders of his Fox properties for about $7 billion, executives involved in the deal said Sunday night.

The deal would solidify Murdoch's control over some of the nation's most valuable media assets such as the Fox broadcast network and the DirecTV satellite service and help simplify the complicated structure of his far-flung company, News Corp., which includes newspapers, TV, film and satellite assets around the globe.

Murdoch's purchase of the remaining 20 percent of the Fox Entertainment Group also gives him greater leverage to make further media acquisitions.

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