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News No. 1 in the world with $67.8 bil


October 22, 2007 About the same time that Rupert Murdoch was telling shareholders that his beloved News Corp. had become the world's most valuable media conglomerate, the company's worth was in the midst of sinking by $1.53 billion. [...] Friday's massive stock market sell-off didn't alter Murdoch's message. By the end of Friday trading, News Corp. sported a market capitalization of $67.79 billion, larger than Time Warner, the former biggest media company in the world.

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