Time Warner rejects Murdoch's $80 Billion deal: Will Fox CEO make another offer?

He's the billionaire who doesn't like to take no for an answer. But today OutFront learned Time Warner said no to Rupert Murdoch's $80 billion proposal to add CNN's parent company to his global empire.

For size, for sports, and for ego – why Murdoch wants Time Warner

The merger with the Fox owner would have created a juggernaut - spanning an abundance of channels, movie and television studios and newspapers.

Murdoch may be down, but he has a history of getting his way.

Brian Stelter is OutFront with more.