Rupert Murdoch ditches plan to merge Fox and News Corp

The media tycoon has withdrawn his proposal, saying it is “not optimal” for shareholders at this time. …

Fox Corp owns the cable network Fox News and Fox Broadcasting Network in addition to the American streaming content platform Tubi. News Corp is the parent company of Dow Jones, which owns the Wall Street Journal, news organisations in the UK and Australia, and HarperCollins Publishers.

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