Media tycoon Rupert Murdoch intends to expand Dow Jones & Company's revenue partially by making $100 million in savings once his News Corporation's $5.6 billion takeover of the company is complete.

“We've already identified the low hanging fruit will be $100 million in savings," Murdoch, chairman and chief executive of News Corp., told an investor conference in New York Tuesday, Reuters reported. “But we're about expanding revenue."

Murdoch said News Corp. sees “nothing in sight” in terms of buying more assets, Reuters reported.