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Mother said Josh Powell threatened her
SYDNEY, Nov. 28 (UPI) -- Lachlan Murdoch, son of News Corp. Chairman Rupert Murdoch, sold half of his stake in the company, business filings show.
Filings with the U.S. Securities and Exchange Commission show Lachlan Murdoch sold half of his investment in News Corp. for $27.6 million prior to his purchase of half of DMG Radio Australia, The Daily Telegraph reported Friday.
According to the filings, the younger Murdoch sold nearly 2.3 non-voting million News Corp. shares this week at a price of nearly $12 a share.
The business moves by Lachlan Murdoch come years after he resigned as New Corp. deputy chief operating officer in 2005.
Lachlan Murdoch, Rupert Murdoch's eldest son, purchased the Radio Australia stake from the Daily Mail and General Trust via his investment vehicle, Illyria. He will now serve as chairman of the Australian radio company, the Telegraph reported.
"Patience is a virtue, and after exhaustively searching the market for the right acquisition, we have found in DMG Radio Australia the right business, the right partner and the right brands, which are positioned for exemplary growth," the 38-year-old businessman said.
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LOS ANGELES, Feb. 10 (UPI) --
Pop icon Madonna says she "wasn't happy" after rapper M.I.A. flipped her middle finger at a camera during the Super Bowl halftime show in Indianapolis.
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WASHINGTON, Feb. 10 (UPI) --
A woman who says she had an affair with President John F. Kennedy wrote that she didn't feel at the time she was "invading the Kennedys' marriage."
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WASHINGTON, Feb. 10 (UPI) --
The Nuclear Regulatory Commission approved the construction of two new nuclear reactors, the first to be built in the United States since 1978.
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BIRMINGHAM, England, Feb. 10 (UPI) --
A British company said it is opening salons across England dedicated to the tattooing the scalps of bald men to make it look like they have short hair.
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