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. Last Updated: 07/27/2016

Murdoch Eyes Rangers

NEW YORK () -- Amid a takeover battle for ITT Corp., media magnate Rupert Murdoch is eyeing the group's sports franchises to make him a more prominent figure in New York and to gain a foothold in cable television, sources said.

The Australian-born magnate is eager to buy the New York Knicks basketball team, the New York Rangers hockey team and Madison Square Garden, the arena where both play, according to sources.