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News Corp

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Stock price NWSA
Disclaimer
Number of employees~28,000 (2018)
Ceo Robert Thomson
OwnersMurdoch family
Subsidiaries Dow Jones & Company
News Corp Australia
Date of Reg.
Date of Upd.
ID1393058
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About News Corp


News Corporation is an American mass media and publishing company, formed as a spin-off of the original News Corporation focusing on newspapers and publishing.

Rupert Murdoch: How magnate transformed Australia's media

Rupert Murdoch: How magnate transformed Australia's media
Sep 22,2023 8:21 am

... " His genius has been to discover different ways in which his two passions - a desire for money and a thirst for power - can be combined, " is how Prof Robert Manne, a former News Corp contributor, described it in a 2011 essay...

Rupert Murdoch's succession drama reaches its finale

Rupert Murdoch's succession drama reaches its finale
Sep 21,2023 1:41 pm

... From the 1960s, Rupert Murdoch built up News Corporation into a globe-spanning behemoth with mighty political and public influence...

Who is Rupert Murdoch?

Who is Rupert Murdoch?
Sep 21,2023 12:31 pm

...Rupert Murdoch is stepping down as chairman of Fox and News Corp, seemingly heralding the end of a career as one of the world s most influential media tycoons...

Rupert Murdoch steps down as Fox chairman

Rupert Murdoch steps down as Fox chairman
Sep 21,2023 9:31 am

...Media mogul Rupert Murdoch says he is stepping down as chairman of Fox and News Corp, with his son Lachlan to head both companies...

Can Fox News afford the $787. 5m Dominion settlement?

Can Fox News afford the $787. 5m Dominion settlement?
Apr 19,2023 4:20 am

... Rupert Murdoch and his family - who control the News Corp media empire which includes Fox News, The Times of London and The Wall Street Journal - are estimated to have a fortune of $17...

Sun publisher sets aside £127m for phone hacking cases

Sun publisher sets aside £127m for phone hacking cases
Apr 6,2023 11:10 pm

... News Corp split from Fox Corp in 2013, and as part of the deal Fox agreed to reimburse News Group s parent, News UK, for the cost of court cases predating the split...

Rupert Murdoch ditches plan to merge Fox and News Corp

Rupert Murdoch ditches plan to merge Fox and News Corp
Jan 25,2023 3:01 am

... Mr Murdoch and his eldest son Lachlan Murdoch have announced the decision not to go ahead with the plan because it " is not optimal for shareholders of News Corp and FOX at this time"...

Rupert Murdoch pays £11,000 for Boris Johnson to visit

Rupert Murdoch pays £11,000 for Boris Johnson to visit
Nov 17,2022 2:11 pm

... Mr Murdoch s News Corp owns several newspapers including the Wall Street Journal in the US, and the Sun and the Times in the UK...

Rupert Murdoch: How magnate transformed Australia's media

Nov 16,2022 7:31 pm

By Hannah RitchieBBC News, Sydney

When Rupert Murdoch started his career, he was young, hungry and desperate to claw back His Family 's stake in Australia 's news business.

Known as " The Boy publisher" - The 22-year-old had inherited a paper in The small city of Adelaide from his father, and a plan to take on The International media.

The 92-year-old is arguably Australia 's most successful businessman internationally, and his unashamed quest for influence has underpinned his success.

" His genius has been to discover different ways in which his two Passions - a desire for money and a thirst for Power - Can be combined, " is how Prof Robert Manne , a former News Corp contributor, described it in a 2011 essay.

But as his 70-year-career draws to a close, his legacy At Home remains an open question.

Australia has one of The Most concentrated media environments in The Western World - with News Corp 's 60% stake in The Print market regularly drawing criticism.

Two former Prime Ministers have led calls for a Royal Commission into Murdoch's impacts on The Nation 's Democracy - and his papers are accused of profiting off an " anger-tainment ecosystem".

" It's his lasting impact on institutions, right-wing News Culture , and media ownership That matters, not what's happening to Rupert at age 92, " says Prof Tim Dwyer , a media expert at The University of Sydney.

The " boy publisher"

The newspaper business runs in Rupert Murdoch 's blood.

" There's this tendency to treat The Murdoch press as something That fell from The Skies . Actually, Rupert is part of a lineage of popular press barons That goes back generations, " Walter Marsh, who has written about The media mogul's early life, told Abc Radio .

His father Sir Keith Murdoch was a well-known reporter and founding member of The Australian Journalists Association.

And by The 1930S he had acquired a string of newspapers and radio stations, establishing himself as a strong voice of The political right.

But by The Time of Sir Keith's death in 1952, debt had seen much of The Family Business sold off, and All That remained was The Adelaide News with its readership of roughly 75,000.

When Rupert took The Paper over, he used bigger headlines and brasher stories to blow away his competitors.

He was known to personally redesign pages when he saw fit, although he claimed his editors retained a great deal of freedom.

The tabloid techniques worked.

By 1964 he owned papers in every state and was in The Process of launching The Nation 's first ever national broadsheet - The Australian. He was also planning his move into The UK market, something his father had tried but failed to do.

In 1996 News Corp expanded into 24-hour TV journalism with The Launch of Sky News Australia , which stood apart with its opinion-based Prime Time offering.

The channel has long faced criticism for what are described as polarising or misleading segments including debates over The legitimacy of climate science, and a recent suggestion from one of its hosts That an upcoming referendum on Indigenous recognition could lead to " an apartheid system of governance".

" It's A Brand That focuses on highly opinionated right-wing viewpoints. And it's a news diet which people here have become accustomed to. One of The worst consequences has been decades of Climate Change scepticism, " Prof Dwyer says.

Political kingmaker

In one of his First Tv interviews in 1967, a young Rupert Murdoch was asked if he " liked The Feeling of Power " his growing newspaper empire gave him.

" There's only one honest answer to That of course, and it's yes, " he replied.

Murdoch's Close Relationships with some of The Most defining political figures of The 21St Century is well documented across The US and UK.

Some Australian leaders say it was no different At Home .

" The Truth is as Prime Minister I was still fearful of The Murdoch media beast, " former Prime Minister Kevin Rudd told a senate inquiry on media diversity in 2021.

" No One should be frightened of Murdoch, but Can I tell you, he's a frightening kind of guy, because of The Power he wields, " he added.

It's a characterisation News Corp executives have pushed back on - telling lawmakers at The Time That their reporting focused on " The robust and open exchange of news, views and opinions".

Mr Rudd started The Campaign for a Royal Commission - Australia 's highest form of public inquiry - into News Corp 's Power back in 2020, describing The Company as a " cancer on Democracy ".

But despite receiving half A Million signatures of support, including That of former Liberal Prime Minister Malcolm Turnbull , efforts have stalled.

And Australia 's current Prime Minister Anthony Albanese made it clear he doesn't support The Proposal before entering office.

" It's a bit like complaining about The referee in a footy game. It might make you feel OK [but] it doesn't change The outcome, " He Said after The petition launched.

Mr Albanese's victory at The 2022 federal Election - along with The success of a wave of climate-friendly, independent candidates - sparked fierce debate about whether News Corp 's influence was waning in Australia .

" The Election outcome exposes a gaping disconnect between News Corp and voters, " political journalist Malcolm Farr wrote.

But Prof Dwyer says while The brand might be " on The wane" with younger Australian audiences turning away from traditional media, it's not about to lose its influence overnight.

And when It Comes to Lachlan, he thinks continuity will be king.

" Things won't change very much at All - That 's The whole point of The News Corp brand, it's there, it has a culture That 's not going to be tampered with, it continues irrespective of who is at The helm. And Lachlan is not really known for his centrist views. "

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Source of news: bbc.com

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