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Rupert Murdoch
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Rupert Murdoch is a marketing giant who parlayed ownership of a small-town Australian newspaper into one of the world's most powerful media groups. Born in Melbourne, Australia and now a naturalized American citizen, Murdoch received his formal business training at Oxford University. His influential, often controversial media group, The News Corporation, today owns the UK Sun, the New York Post, 20th Century Fox, Fox Television Studios, Festival Records, DIRECTV, and Harper Collins Publishers. Murdoch is said to be worth almost $7 billion.
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When mogul Rupert Murdoch was last heard talking about his British tabloid The Sun, he was complaining about how it had gone soft and crappy with nothing but celebrity coverage. You see how hands off he is, fearful reporters? Pish! says Andrew Neil. The embittered former editor of Murdoch's Sunday Times in London told a parliamentary committee that when he was on the job, Rupert was the final word in all publishing decisions. "If you want to know what Rupert Murdoch really thinks read the editorials in the Sun and the New York Post because he is editor-in-chief of these papers," Neil said.
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In writing Rupert Murdoch: Creator of a Worldwide Empire, the author had access to a multitude of sources inside and outside the Murdoch organization, including Murdoch himself. Tucille demonstrates Murdoch’s mastery at taking advantage of tax and financing techniques to borrow more than his rivals without diluting the value of his holdings. Murdoch’s business acumen allowed him to continually outbid and outmaneuver the competition to compile a media conglomerate that, in the United States, includes The Boston Herald and The New York Post newspapers; New York, TV Guide, and Seventeen magazines; the HarperCollins publishing house, 20th Century Fox Film Corporation; the Fox television network, and numerous Fox television stations around the country. Murdoch’s international assets include the Times of London newspaper and dozens of newspapers and magazines in his native Australia.
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Rupert Murdoch's dealmaking has a tendency to upend the media apple cart, setting off a chain reaction of behind-the-scenes chess moves. In some cases, titans even lose their jobs - as Viacom Chief Executive Officer Tom Freston did after Murdoch cinched a deal to buy MySpace.
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In recent years, Australian-born billionaire Rupert Murdoch has used the U.S. government's increasingly lax media regulations to consolidate his hold over the media and wider political debate in America. Consider Murdoch's empire: According to Businessweek, "his satellites deliver TV programs in five continents, all but dominating Britain, Italy, and wide swaths of Asia and the Middle East. He publishes 175 newspapers, including the New York Post and The Times of London. In the U.S., he owns the Twentieth Century Fox Studio, Fox Network, and 35 TV stations that reach more than 40% of the country...His cable channels include fast-growing Fox News, and 19 regional sports channels. In all, as many as one in five American homes at any given time will be tuned into a show News Corp. either produced or delivered." But who is the real Rupert Murdoch? As this report shows, he is a far-right partisan who has used his empire explicitly to pull American political debate to the right.
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In the following years, Rupert Murdoch expanded the business by acquiring shares in newspaper agencies like The Daily Mirror, Sydney afternoon paper and ... of a Sydney based recording company, Festival Records. This acquisition allowed him to outwit his rivals in terms of weekly newspaper regulation. In 1956, he started publishing TV week, which was Australia’s leading weekly television periodical. In 1964, he started “The Australian”, which was the first national daily newspaper of Australia and it revived Rupert Murdoch’s name as a successful publisher. The paper saw a tremendous opening but was constantly faced with the challenge of changing editors and Murdoch’s constant interference.
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Rupert Murdoch