>> you really do see network television as your main competitor? >> absolutely. >> the ultimate power in the united states now is in television. >> i believe more journalists, more publishers should be in television. >> television is dominated by three networks, abc, cbs and nbc. >> johnny? >> he is going to invent a fourth television network. ♪ >> today confirmation of the largest single broadcast station transaction in history. >> as murdoch sets out to create a fourth national network, he's betting it all. >> publisher rupert murdoch agreed to buy the tv stations owned by metro media for more than $2 billion.