Photo credit: TED THAI/THE LIFE PICTURE COLLECTION/GETTY IMAGES
Rupert Murodch at the old New York Post building at 210 South Street in downtown Manhattan, where his office was located in the early days.
On March 20, 1985, News Corporation Limited announced that it had agreed to purchase 50 percent of TCF Holdings Inc., which owned 20th Century Fox Film Corporation, for $162 million. As part of the deal, News Corporation loaned $88 million to TCF. Here's a look at the press release and News Corporation announcement of the deal.