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NEW YORK News Corp. chairman and CEO Rupert Murdoch said Monday that he won’t battle Microsoft for Yahoo! and reiterated his confidence about his conglomerate’s position in a possible U.S. recession, even though he said its TV stations are running about 5 percent behind its original targets.
“Some deal (with Yahoo!) would have been nice, but it’s probably not possible,” Murdoch said at the Bear Stearns 21st annual Media Conference in Palm Beach, Fla., in a Monday morning appearance that was available via Webcast.
He
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