Jun 29, 1998 3:40 PM

Fox IPO

Rupert Murdoch today announced plans to sell 20 percent of the Fox Group -- a News Corp. subsidiary that includes a TV network, movie studio, and the Los Angeles Dodgers -- in a public stock offering. Once debt is paid and some News Corp. stock is bought back, Murdoch hopes the IPO brings a higher overall value to his US$13 billion global operation, which has invested in everything from books and newspapers to satellite TV and programming.

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