Murdoch: Dow Jones, FBN success to take time

October 20, 2007 News Corp. chairman and CEO Rupert Murdoch said Friday that it will take time and patience for the just-launched Fox Business Network and the planned acquisition of Dow Jones to prove successful. At his company's annual shareholder meeting, he also touted how his conglomerate's market value last week "exceeded all traditional peers for the first time ever" and expressed confidence that the Fox Interactive Media unit will continue to grow despite tough competition. Asked if because of his age he might change his role at News Corp. to a nonexecutive board position, Murdoch said: "It is not my intention, but it will be up to the board."

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