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News Corp Spends BIllions On Video

The "new News Corp," as it is now know, set aside $1B to fuel an acquisition spree. It will apparently use the money to experiment with new digital ideas to rocket growth, which means buying up digital companies and video rights. Will Lewis, who heads up News Corp’s investigation into the News of the World phone hacking scandal, has been appointed chief creative officer and is responsible for buying.

Read the whole story at The Telegraph »

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