News Corp buys US TV stations
News Corporation looks set to expand its US television business with the purchase of Chris-Craft Industries for $3.7 billion (£2.4 billion).
News Corp is believed to have outbid MTV owner Viacom and the CBS network to take control of Chris-Craft, adding 10 TV stations to the 22 already owned by its Fox Entertainment group.
The deal will give the Murdoch-owned company a boost in major markets including New York and Los Angeles.
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