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Billionaire media tycoon is New York's new mayor



Big-spending Republican media mogul Michael Bloomberg has won New York's mayoral election.

Veteran Democratic politician Mark Green has conceded the race to succeed popular incumbent Rudolph Giuliani and lead the recovery from the World Trade Centre attacks.

New York City Public Advocate Green made the customary phone call to Bloomberg after a tight election for the right to run the biggest city in the United States. AAP