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Charles Cope News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CNN Your Money August 11, 2013 19:30:00

just follow the money. reporter: the post now follows other major newspapers. wall street journal bought by conservative media titan robert murdoch and boston globe purchased by red sox owner john henry to be snatched up by the super wealthy and perhaps the new york times could land in the portfolio of libertarian billi billionaires, robert and charles cope. i think it s not exactly new. reporter: william hearst came from family that made its fortune mining. the classic film, based on hearst s life story noted how wealth affords the luxury of failure. i did lose a million dollars last year and expect to lose a million next year. mr. thatcher, at the rate of a million dollars a year, i ll have to close this place in 60 years. something bezos had in common

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