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Rupert Murdoch: WSJ Invested 'Nothing' in 'Greater New York'

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By Mike Taylor

As far as CEO Rupert Murdoch is concerned, News Corp. hasn’t spent any money — give or take a million dollars — on The Wall Street Journal‘s new “Greater New York” section.

Asked by a Bloomberg News reporter how much the company invested in “Greater New York,” which debuted on April 26 and prompted a humor-tinged PR war with rival The New York Times, Murdoch said, “I’m happy to tell you we invested nothing. Maybe we spent a million dollars preparing for it.”

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Headshot of Mike Taylor

Mike Taylor

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