Murdoch Poised to Pay Record $44 Million for NY Pad

NEW YORK (Reuters) - Apartment hunting in Manhattan can trigger depression for the budget-minded, but these are heady times at the top end as The New York Times reported on Friday that media mogul Rupert Murdoch is set to buy a Fifth Avenue triplex for $44 million -- in cash.

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Murdoch, the billionaire chairman of the News Corp, has agreed to pay the asking price for the late Laurance Rockefeller's 20-room penthouse across from the Central Park Zoo, the newspaper said.