As long as there have been newspapers, there have been rich men who wanted to own them. At one point Rupert Murdoch owned nearly a thousand. One of those was Hong Kong’s South China Morning Post (SCMP) – he sold it in 1993 to the Chinese-Malaysian tycoon Robert Kuok for $349m (the equivalent of $574m in today’s money). Now Kuok has unloaded the SCMP on Chinese internet company Alibaba, this time for just $266m.
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