News Corp Near Deal to Buy Sky News Australia for $25 Million

Australian Financial Review: Rupert Murdoch’s News Corp. is expected to take control of Australian News Channel, which owns subscription television channel Sky News, for between $20 million and $25 million. An announcement is expected in the next few days as negotiations come to a conclusion. News Corp is known to believe Sky News as a natural fit for its other businesses across Australia, such as its newspapers.