Acquisitions: Murdoch Snares a Fox

Murdoch Snares a Fox

Ever since Media Magnate Rupert Murdoch bought half of 20th Century-Fox films in March, cinema buffs have been predicting a sequel. Last week came Murdoch Part II. The Australian-born owner of the New York Post, Chicago Sun-Times and scores of other newspapers, magazines and TV stations announced he was buying the other half of Fox from Denver Oilman Marvin Davis. Price: $325 million cash plus real estate in Los Angeles, Pebble Beach, Calif., and Aspen, Colo.

For Murdoch, Fox provides a rich library of films and shows, including the Star Wars trilogy, the M*A*S*H television series and movie classics starring Marilyn...

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