Thursday, October 18, 2007

Murdoch buys FCC for Undisclosed Price

Murdoch Purchases FCC for Undisclosed Price

Special from our Business Correspondent

In an audacious move to break the deadlock over common ownership of the New York Post and the NY Fox station, a syndicate controlled by Rupert Murdoch purchased the FCC for an undisclosed amount of money and stock. The new entity will be known as FCC Inc.

"We've had to pay in bits and pieces all these years," said an undisclosed media industry spokesperson. "Finally, we bit the bullet and bought the whole damned thing. This the wonderful thing about the market -- it provides real solutions!"

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