Fox News founder Rupert Murdoch has bought a large cattle ranch in southwest Montana from a subsidiary of Koch Industries.
The Beaverhead Ranch is spread across more than 500 square miles of private and leased land west of Yellowstone National Park. It has about 7,000 cattle and is home to 15 families who are employed on the ranch.
ABC News reports the sale was confirmed by Murdoch spokesperson Jessie Lyons, who declined to comment on the price.
The ranch was founded in 1865 and acquired in 1951 by a company run by the founder of Wichita, Kansas-based Koch Industries. The purchase was confirmed by a Murdoch spokesperson after being first reported by the Wall Street Journal, which is owned by Murdoch's News Corp.