Rupert Murdoch moving ahead

Mr. Murdoch means business. Yesterday he just bought IGM Entertainment. The Internet game and entertainment site was a close call, for Viacom was reportedly closing a deal on IGM, but Murdoch got in their way.

So there's obviusly a very big plan behind his words at the American Society of Newspaper Editors. His News corporation spent nearly $1.5 billion on three Internet companies in just the last seven weeks.

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