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Fox News owner Rupert Murdoch buy Koch family’s Montana ranch

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Rupert Murdoch and Jerry Hall attend the RHS Chelsea Flower Show press day at the Royal Hospital Chelsea on May 23, 2016 in London, England.

Max Mumby | Getty Images Entertainment | Getty Images

Media mogul Rupert Murdoch and his wife Jerry have paid around $200 million to buy a massive Montana working cattle ranch owned by a subsidiary of Koch Industries named Matador Cattle Co. a new report revealed Thursday.

The mega-land deal between two pillars of the American conservative establishment was first reported by the Wall Street Journal, which is owned by Murdoch’s News Corp., and which is a sister property to his right-wing Fox News network.

The 340,000-acre Beaverhead Ranch, which has 25…



Source cnbc.com

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