Last month, 21st Century Fox offered $80B to take over Time Warner (with 
the magazine division shed off) and make an obnoxiously huge company even 
huger.  This month, TW turned Murdoch down.  A relief--for now:

http://www.thewrap.com/time-warner-rejects-foxs-80-billion-takeover-offer/?utm_source=newsletter&utm_medium=email&utm_campaign=contactology

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