Rupert Murdoch steps down as Fox and News Corp. chairman, sending shockwaves through media and politics


After that sale, however, he maintained his News Corp. newspaper business, including the Wall Street Journal, which was part of his company’s Dow Jones purchase in 2007 for $5.6 billion. Under his purview, the broadsheet expanded its focus beyond money and markets, built a successful paywall and kept its down-the-middle tone except for its conservative Opinion page.



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