Rupert Murdoch’s News Corp, which owns Fox, has just bid an estimated $5 billion to buy out Dow Jones Inc., owner of The Wall Street Journal.

The move comes as Murdoch is preparing to launch a new financial network.

The move also comes as a bit of a surprise, as it was an unsolicited buyout offer.

If the purchase goes through, it would make Murdoch one of the major players in worldwide financial news.

For detractors of Fox News, the highest-rated cable news network, the announcement is far from reassuring.

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