You will be given a definition of a task first, then some input of the task.
In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.

TURNING FROM AN ANGRY OLD MANWHOSE ABSOLUTE WRONGNESS HAS 
  
 WROUGHT GREAT DAMAGE ON THISWORLD TO AN ANGRY OLD MAN WHOSE 
  
 BRILLIANT ACUMEN HAS WROUGHTGREAT DAMAGE ON THIS WORLD. 
  
 >> THE BILLIONAIRE WHO DOESN'TLIKE TO TAKE NO FOR AN ANSWER. 
  
 >> Jon: RUPERT MURDOCH IS INTHE NEWS. 
  
 WHAT DID HE DO NOW? PUBLISHROYAL UPSKIRTS? PHONE HACK 
  
 ORPHANS? EAT A DINGO WHO HADJUST RECENTLY EATEN A BABY? 
  
 >> RUPERT MURDOCH PUTTIME WARNER ON HIS WISH 
  
 LIST. THE MEDIA MOGUL OFFERED$80 BILLION FOR THE 
  
 COMMUNICATIONS GIANT. 
  
 >> HOW MUCH MORE MEDIA CAN ONEDUDE ACTUALLY OWN? THE GUY OWNS 
  
 OVER 120 NEWSPAPERS AND MEDIAOUTLETS. 
  
 IF HE BUYS TIME WARNER, NEWSWILL JUST BE [BLEEP] RUPERT 
  
 MURDOCH THINKS. EVEN CNN,SUBSIDIARY OF TIME WARNER 
  
 IS IMPRESSED BY THEAUDACIOUSNESS OF THIS PLAY, 
  
 ALBEIT SLIGHTLY PASSIVEAGGRESSIVELY. 
  
 >> WHY IS HE DOING THIS RIGHTNOW? 
  
 >> HE IS OLD, BUT HE'S SHARP ASA TACK, HIS PHYSICAL APPEARANCE 
  
 DOES NOT MATCH HIS MENTALACUITY. 
  
 HE'S WORTH $13.9 BILLION. 
  
 HE'S 83 YEARS OLD. 
  
 >> Jon: I MEAN, HE'S A GREATBUSINESSMAN, BUT HE FARTS DUST. 
  
 I MEAN, HE'S GOT FACE LIKE AROTTING PUMPKIN, BUT HE'S 
  
 CHARMING. I MEAN,[LAUGHTER] 
  
 THE GUY'S LIKE "SPONGEBATHNEWSPANTS." 
  
 WHEN CAN WE EXPECT THE TAKEOVERTO GO THROUGH? 
  
 >> TIME WARNER SAID NO TO RUPERTMURDOCH'S $80 BILLION PROPOSAL. 
  
 >> Jon: OH, SNAP. 
  
 OF COURSE, THIS BEING TIMEWARNER, I BET THEY TOLD HIM TO 
  
 WAIT AT HOME FOR THEIR ANSWERBETWEEN NOON AND 6:00 P.M. 
  
 SO I GUESS IT'S ALL OVER. 
  
 >> RUPERT MURDOCH IS NOT GOINGTO GIVE UP. 
  
 >> ONCE HE WANTS SOMETHING, HEDOES HIS DAMNEDEST TO REALLY TRY 
  
 AND GET IT. 
  
 >> REMEMBER, HE BID FOR DOWJONES, THE OWNER OF THE "WALL 
  
 STREET JOURNAL." AND HE BID ANDTHEY SAID NO... 
  
 >> GOT TURNDED DOWN. 
  
 >> AND HE CAME BACK AND HE CAMEBACK AND HE GOT IT. 
  
 >> Jon: HE'S LIKE THE DATERAPIST OF MEDIA BARONS, 
  
 WITH ALL DUE RESPECT. 
  
 AND WHAT OF FAIR CNN? 
  
 >> FOX WOULD HAVE TO SELL CNNFROM TIME WARNER'S ROSTER 
  
 BECAUSE IT COMPETES WITH THE FOXNEWS CHANNEL. 
  
 >> CNN WOULD BE DIVESTED, SOLDTO SOME OTHER COMPANY, SOME 
  
 OTHER BIDDER. 
  
 >> Jon: YES. 
  
 [LAUGHTER]NOW, OF COURSE, IT WOULDN'T COME 
  
 CHEAP, THOUGH, WITH ANALYSTSSAYING THE NETWORK WOULD BE 
  
 WORTH ABOUT $10 BILLION ON THEOPEN MARKET. 
  
 IT'S A LOT OF MONEY FORANYONE, BUT NOT A LOT OF MONEY 
  
 FOR EVERYONE, WHICH IS WHYTONIGHT WE'RE STARTING OUR KICK 
  
 STARTER CAMPAIGN TO BUY CNN. 
  
 YOU CAN BUY IT ATLET'SBUYCNN.COM. 
  
 YOU KNOW HOW THIS WORKS. 
  
 IF YOU WANT TO SEE THIS HAPPEN,YOU MAKE A PLEDGE FOR WHATEVER 
  
 YOU'RE COMFORTABLE WITH $5,$10. 
  
 JUST KEEP IN MIND, WE NEED $10BILLION. 
  
 WE'VE GOT SOME VERY ATTRACTIVEREWARDS AT EVERY LEVEL. 
  
 FOR INSTANCE, $10,000LANDS YOU IN A SIGNATURE 
  
 CNN MASS SHOOTING COVERAGE 6BOX. 
  
 FOR $25,000, YOU GET TO TAKEMOLLY WITH FAREED ZAKARIA. 
  
 FOR $5 MILLION, CNN WILL AIR A24-HOUR, TWO-WEEK HUNT FOR YOUR 
  
 LOST CAR KEYS. 
  
 INCLUDING MARTIN SAVIDGE IN AFULL YOUR COUCH SIMULATOR. 
  
 BUT KEEP IN MIND, WE NEED $10BILLION. 
  
 NOW, YOU'RE PROBABLY WONDERING,SUPPOSE YOU ACTUALLY RAISE 
  
 ENOUGH MONEY, WHAT ARE YOUGOING TO WITH CNN? 
  
 WELL, FOR STARTERS, WE'RE GOINGTO GET BACK TO ITS ROOTS, START 
  
 SHOWING MUSIC VIDEOS AGAIN LIKEIN THE '80s. 
  
 THAT'S -- OKAY. 
  
 I'M BEING TOLD THAT WAS MTV. 
  
 [LAUGHTER]ANOTHER POINT FOR McCAIN. 
  
 ANYWAY, HOPEFULLY THIS CAMPAIGNWILL BE MORE SUCCESSFUL THAN MY 
  
 WOLF BLITZER KICKSTOPPER. 
  
 AS FAR AS I KNOW HE HAS NOT YETBEEN STOPPED. 
  
 WE'LL BE RIGHT BACK. ||||| Rupert Murdoch’s 21st Century Fox Inc. is considering using proceeds from the sale of its Italian and German pay-TV assets to boost its offer for Time Warner Inc., according to two people familiar with the matter. 
  
 Fox may reach an agreement to sell its wholly-owned Sky Italia unit and its 57 percent stake in Sky Deutschland AG to British Sky Broadcasting Group Plc in the next two weeks, the people said, asking not to be identified because the deliberations are private. The assets could be valued at about 10 billion euros ($13.5 billion), people familiar with the matter said in May. Fox owns a 39 percent stake in BSkyB. 
  
 The proceeds could give Murdoch additional cash for a Time Warner bid without having to borrow more. While Fox is willing to pay more than $75 billion after Time Warner’s board rejected its $85 per-share bid, no final decision has been made on whether to bump the offer, the people said. JPMorgan & Chase Co., the biggest U.S. bank by assets, and Goldman Sachs Group Inc., the fifth-biggest, will help Murdoch finance the bid. 
  
 BSkyB and Fox disclosed their talks about a European transaction in May, weeks before Fox approached Time Warner. 
  
 Sky Deutschland shares advanced 3.8 percent to 6.66 euros at 3:39 p.m. in Frankfurt trading. BSkyB fell 1.6 percent to 903 pence in London. Fox dropped 0.3 percent to $32.90 and Time Warner declined 0.3 percent to $87.01 in New York. 
  
 Photographer: Jason South/The AGE/Fairfax Media via Getty Images Rupert Murdoch’s 21st Century Fox Inc. may reach an agreement to sell its holdings in Sky Italia and Sky Deutschland AG to British Sky Broadcasting Group Plc in the next two weeks, people said asking not to be identified because the deliberations are private. Close Rupert Murdoch’s 21st Century Fox Inc. may reach an agreement to sell its holdings in... Read More Close Open Photographer: Jason South/The AGE/Fairfax Media via Getty Images Rupert Murdoch’s 21st Century Fox Inc. may reach an agreement to sell its holdings in Sky Italia and Sky Deutschland AG to British Sky Broadcasting Group Plc in the next two weeks, people said asking not to be identified because the deliberations are private. 
  
 A deal with New York-based Time Warner would reshape the media industry by giving Fox more clout in negotiations with pay-TV providers, which are pursuing their own mergers to build scale. Comcast Corp. agreed to acquire Time Warner Cable Inc. and AT&T Inc. struck a deal to buy DirecTV in recent months -- the two largest acquisitions of 2014. A Fox deal for Time Warner would trump both in size. 
  
 Agreement Looms 
  
 A Time Warner transaction could also trigger the sale of Fox’s stake in BSkyB, according to Credit Suisse Group AG analysts. BSkyB’s 39 percent holding has a market value of 5.6 billion pounds ($9.6 billion). Murdoch and his son James had tried twice to win control of BSkyB, most recently in 2011, when political fallout from a phone-hacking scandal at one of Murdoch’s U.K. newspapers prompted him to abandon the bid. 
  
 A sale of the BSkyB stake could help Fox boost the cash portion of its offer for Time Warner, Credit Suisse said last week in a note. 
  
 Julie Henderson, a spokeswoman for New York-based Fox, didn’t respond to a request for comment. Alice Macandrew, a BSkyB spokeswoman, declined to comment. 
  
 The Sunday Times reported yesterday that BSkyB Chief Executive Officer Jeremy Darroch is close to agreeing to a price for the purchase of the European assets from Fox. 
  
 Love Productions 
  
 A deal would give BSkyB, already the biggest pay-TV provider in the U.K., oversight of companies that sell satellite and cable programs to 8.5 million homes across Germany and Italy. By shedding the continental units, Fox would be left with cable and broadcast networks plus movie and TV studios, making it more attractive to investors who want to bet solely on video production -- not distribution. 
  
 BSkyB today said it bought a 70 percent stake in the U.K.’s Love Productions, producer of the “Great British Bake-off” and TV documentaries such as “Benefits Street” and “Baby Borrowers.” Sky Vision, the international distribution unit of BSkyB, will distribute Love Productions content. 
  
 Last week, BSkyB sold a minority stake in ITV Plc, the U.K.’s biggest commercial broadcaster with top-rated shows such as “Downton Abbey,” to John Malone’s Liberty Global Plc for 481 million pounds. 
  
 To contact the reporters on this story: Matthew Campbell in London at mcampbell39@bloomberg.net; Alex Sherman in New York at asherman6@bloomberg.net; Manuel Baigorri in London at mbaigorri@bloomberg.net 
  
 To contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net; Aaron Kirchfeld at akirchfeld@bloomberg.net; Mohammed Hadi at mhadi1@bloomberg.net Robert Valpuesta ||||| Time Warner has rejected a takeover bid from Twenty-First Century Fox and says it has no interest in further discussions with Rupert Murdoch's media entertainment giant. 
  
 The New York company said Wednesday that Twenty-First Century Fox Inc. offered last month a combination of its stock and $32.42 in cash for each Time Warner share. 
  
 Time Warner's board rejected the bid after consulting with financial and legal advisers and determining that its strategic plan "will create significantly more value for the (company) and its stockholders and is superior to any proposal that Twenty-First Century Fox is in a position to offer," the company said. 
  
 Time Warner also said a combination with Twenty-First Century Fox carried considerable strategic, operational and regulatory risks. It also saw risk and uncertainty in the valuation of Twenty-First Century Fox's non-voting stock and that company's ability to handle a combination of this size and scale. 
  
 The New York Times reported that the bid totaled $85 per share or $80 billion. 
  
 Twenty-First Century Fox confirmed in a short, separate statement that Time Warner had rejected its bid, but it did not provide any details. It added that it is not currently in discussions with Time Warner. 
  
 The Times, citing anonymous sources, said that Murdoch is determined to make a deal. That price amounted to a 25 premium to Time Warner's stock price at the time. 
  
 Time Warner's holdings include the cable movie channel HBO and Warner Bros. studios. The company said Wednesday its management team has completed several deals that have unlocked value in related businesses. 
  
 It spun off Time Warner Cable into a separate company in 2009. Last month, it completed the spin of its publishing division Time Inc. as well. 
  
 The Times reported that Twenty-First Century Fox would have sold CNN as part of the deal to avoid anti-trust concerns. Its Fox News competes directly with the news network. 
  
 Shares of Time Warner jumped 16 percent, or $11.49 to $82.50 shortly before markets opened Wednesday while Twenty-First Century Fox climbed 6 cents to $35.25. |||||
Output:
Time Warner kicked Rupert Murdoch’s $80 billion takeover bid to the curb last week, but the media giant is still trying to woo the cable telecommunications company by raising more money, reports Bloomberg. One wrench in that plan? Jon Stewart ... kinda. The host of The Daily Show last night announced his own "Kickstarter campaign" to buy CNN, which is owned by Time Warner. The campaign—check it out at LetsBuyCNN.com—has some pretty sweet rewards: Depending on the amount of cash that’s offered, contributors can appear in a “CNN 21” box ($10), do drugs with journalist Fareed Zakaria (a slightly steeper $25,000), or participate in an around-the-clock two-week hunt for your car keys (that will set you back $5 million). The wealthy benefactor who offers $10 billion to meet Stewart’s goal receives the ultimate prize: a couch simulator featuring correspondent Martin Savidge.