The last time News Corp. left the German media market in 2002, the exit was costly. The media conglomerate controlled by Rupert Murdoch had been a shareholder in the media group controlled by the Munich entrepreneur Leo Kirch and had to take a $1.93 billion write-off when two Kirch companies filed for bankruptcy.
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*Source: IHT (
http://www.iht.com/articles/2008/06/...emiere16.php)*
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