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Fox seen selling CNN rather than spinning off despite tax bill

26/07 00:31 CET

Fox seen selling CNN rather than spinning off despite tax bill

By Liana B. Baker, Jennifer Saba and Soyoung Kim NEW YORK (Reuters) - If Twenty-First Century Fox succeeds in buying Time Warner Inc , it's likely to sell CNN and pay billions of dollars in taxes rather than go through the headaches of spinning the cable news channel off to shareholders of the merged company, according to people familiar with the matter. Fox plans to get rid of CNN because it already operates its…

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