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NEWS ALERT: Media Mogul Rupert Murdoch Buys Moraga Vineyards

May 13, 2013

Rupert Murdoch is getting into the wine business. The founder and CEO of News Corporation leaked the news himself May 10, tweeting that he has agreed to buy Moraga Vineyards in the hills above the posh Bel Air community of Los Angeles. “He let the cat out of the bag,” Jim Kline, the real-estate agent who is handling the sale, told Wine Spectator.

A sale price was not disclosed, but the property was listed for $29.5 million. The sale includes the 16-acre estate, as well as the winery and cave, brand and inventory, plus a 7,500-square-foot private residence.

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