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Rupert Murdoch's Fox abandons Time Warner takeover bid

Rupert Murdoch, executive chairman of News Corporation, reacts during a panel discussion at the B20 meeting of company CEOs in Sydney, in this July 17, 2014 file photo. REUTERS/Jason Reed/Files

Rupert Murdoch, executive chairman of News Corporation, reacts during a panel discussion at the B20 meeting of company CEOs in Sydney, in this July 17, 2014 file photo. REUTERS/Jason Reed/Files

Rupert Murdoch, executive chairman of News Corporation, reacts during a panel discussion at the B20 meeting of company CEOs in Sydney, in this July 17, 2014 file photo. REUTERS/Jason Reed/Files
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A woman walks past the Time Warner Center near Columbus Circle in Manhattan, New York July 16, 2014.  REUTERS/Adrees Latif

A woman walks past the Time Warner Center near Columbus Circle in Manhattan, New York July 16, 2014. REUTERS/Adrees Latif

A woman walks past the Time Warner Center near Columbus Circle in Manhattan, New York July 16, 2014. REUTERS/Adrees Latif
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