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News Corp. to Sell 8 Fox Stations for $1.1B

Company unloads local operations to focus on larger markets

By Jim O'Neill,  Newser User

Posted Dec 23, 2007 8:47 AM CST

(Newser) – News Corp., shifting its focus to its larger, more profitable properties, will sell eight of its medium-market Fox network TV stations to investment firm Oak Hill Capital Partners for $1.1 billion. The sale will leave the media company, which acquired the Wall Street Journal ...   Read full story »

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