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Murdoch is 'resolute' in dropping Time Warner bid
Murdoch is 'resolute' in dropping Time Warner bid

Even after 21st Century Fox withdrew its $80-billion bid for Time Warner, Wall Street wondered whether Rupert Murdoch was just playing possum, only to spring back to make another run at his rival. Murdoch, and his chief deputy, on Wednesday tried to bury such concerns. "We walked away — this is our resolute decision," Murdoch, Fox's chief executive, said during a conference call to discuss the media giant's earnings. Chief Operating Officer Chase Carey was more forceful: "Let me be clear: We are done." Fox's failed Time Warner takeover bid puts Fox back in familiar territory, trying to reassure investors it was not on the prowl to make any...

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