Murdoch explains Time Warner pullout: 'I'm a bit bearish'

Speaking from London in the friendly interview confines of Fox Business, 21st Century Fox's chief executive, Rupert Murdoch, offered some insight Thursday as to why he abandoned his polarizing efforts to acquire Time Warner Inc. "I am also a bit bearish I guess," he told his interviewer and employee, Neil Cavuto. "I just felt with all the uncertainties in the world, I didn't want to be carrying that degree of debt." The Los Angeles Times has a full rundown of the interview here.

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