When Unloved Assets Yield Big Profits

May 10, 2010  |  

(Forbes.com) — James Dolan was a 24-year-old reporter for the San Antonio News in 1973 when an Australian press baron named Rupert Murdoch stormed in and scooped up the paper and its sister, the San Antonio Express. Murdoch experimented furiously, promoting young talents like Dolan (named the News‘ managing editor at age 29), and eventually sold out to Hearst at a large profit in 1992.

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