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Update news Rupert Murdoch
Elder son Lachlan Murdoch has been named as the heir to Rupert Murdoch's business empire.
US cable TV giant Comcast has made a £22.1bn takeover bid for Sky, challenging an existing offer from 21st Century Fox.
Australian Prime Minister Kevin Rudd refused to concede defeat despite a new poll on Friday showing he is heading for an election wipe-out as the media swung behind rival Tony Abbott.