Headlines

Rupert Murdoch Closes on L.A. Winery Purchase

News Corp Executive Chairman Rupert Murdoch reportedly closed Tuesday on the purchase of an estate and winery called Moraga Vineyards in Los Angeles’s Bel Air neighborhood for $28.8 million, according to listing agent Jim Kline of Surterre Properties in Newport Beach, Calif. The property was listed for $29.5 million in February. (WSJ)