Will a $787M US hit change Fox News? Don't bet a dime on it

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Exactly 50 years ago, Rupert Murdoch bought his first U.S. newspaper, espousing a lifelong credo that would make him a world-shaping media baron.

“We’re not here to pass ourselves off as intellectuals,” the Australian mogul told a U.S. reporter soon after his 1973 purchase of the San Antonio Express-News.

“We’re here to give the public what they want.” 

He gave them fact-twisting sensationalism and pearl-clutching tales of crime and immorality. The paper’s managing editor would wander through the newsroom and sing out, “This isn’t journalism. This is show biz,” said a profile in Texas Monthly in 1976.

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That profile ended with an observation: “A horrifying fact,

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