Food industry magnate Issad Rebrab, owner of the Khabar media group, in Algiers, speaks on Jan. 8, 2011. (AP Photo)
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An Algerian court Wednesday threw out a bid by billionaire Issad Rebrab to buy an influential media group, effectively barring him from taking control of a newspaper critical of the president.The ruling by an administrative court comes nearly a month after the same tribunal froze Rebrab's 40 million euro bid ($45 million) to purchase the El Khabar group.After the deal was struck the government went to court to stop Rebrab from acquiring El Khabar, which includes Algeria's flagship daily -- also called El Khabar (The News) -- and a TV channel.Judge Mohamed Dahmane ruled the media group, founded in 1990 by a group of journalists as Algeria was emerging from a one-party political system, should be restored to its "initial" ownership.
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