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Rupert Murdoch abandons plan to recombine Fox and News Corp

CNN01/24/2023

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New York CNN — Rupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his broadcasting and print publishing companies under one roof. The companies said in nearly identical press releases Tuesday that they had received a letter from Murdoch indicating that both he, and his son Lachlan, determined a combination of the two companies was not “optimal” for shareholders at this time