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Murdoch buys into the Net
- Wednesday, July 20 - 2005 at 07:58
Media mogul Rupert Murdoch has spent $580m acquiring an Internet website and content company in California. Despite loosing heavily on Net development in the early 2000s, Murdoch said he had made a mistake in ignoring the Internet which he saw as the global media of the future, particularly for news (see News Feature).
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Peter J. CooperWednesday, July 20 - 2005 at 07:58 UAE local time (GMT+4)
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