Reportorial nuggets such as this abound in Sarah Ellison's exhaustive book--War for the Wall Street Journal--on Murdoch's acquisition of the newspaper and its corporate parent, Dow Jones and Co., helping to explain why he spent $5.6 billion on a transaction that 1) ended up reducing his personal net worth by $5 billion and 2) required his company, News Corp., to write off $3 billion of the investment by 2009.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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