Rupert Murdoch built his career and his global media conglomerate, News Corp., by attacking opponents vulnerable to takeovers or innovation. His newest target is the biggest of them all: The New York Times, the Grey Lady of the U.S. newspaper industry, which is struggling to overcome big debts, withering revenue and declining circulation. His weapon of attack is the Wall Street Journal, the daily financial bible he paid – many say overpaid – more than $5-billion (U.S.) to acquire in 2007.
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