03/11/1931Place of birth :
Melbourne - AustraliaCountry of residence :
USALinked companies : News Corp
In a way, Rupert Murdoch is an heir. His father, the Australian press boss Keith Murdoch died in 1952. Student at Oxford, in England, his son Rupert comes back home the following year in order to manage the family holding company News Limited.
Rupert Murdoch has often followed the strategy of the English Viscount Northcliffe. During XIX and XX centuries, this former freelance has bought newspapers which were in bankrupt, as The Evening News, and has launched famous newspapers as Daily Mail or the Mirror. He has transformed these tabloids into profitable newspapers relying on large circulation.
Rupert Murdoch did the same thing in Australia, buying and creating many titles. He quickly met the success in Australia so decided to try in the UK in 1968 by buying tabloids News of the World and the Sun, then the conservative newspaper The Times in 1981.
From that time on, Rupert moves his newspapers to support the politics of Margaret Thatcher. In the middle of 70s, he bought tabloids in the United States as Star and the New York Post.
Then he launched into television buying one of the first English satellite channel in 1982, constituting what is now Sky TV, a TV digital channel package. In 1990, Sky unseats competitors by buying BSB to form BskyBgroup. Rupert Murdoch launches in USA tv channels Fox which support republican candidates. Later Rupert Murdoch establishes in Asia with Star TV.
In 2004, the headquarters of the company (what is now New Corps) left Australia for the United States. According to some brokers, the headquarters has moved because the group, publicly traded, would be better valued on US markets. Murdoch took the American nationality.
Media magnate, Rupert Murdoch bought in 2007 the newspaper group which publishes besides The Wall Street Journal. En 2011, a scandal broke out in England: journalists from New of the World have leaded illegal phone-tapping. Rupert Murdoch had to stop the newspaper and cleared himself front of members of Britain Parliament.
According to Forbes, Rupert Murdoch was in 2011, the 122nd richest man in the world with a fortune estimated at more than $ 7.6 billion.
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|Latest news about Rupert Murdoch|| |
|News Corp, shareholders agree to phone hacking deal|
|04/22 - (Reuters) - News Corp (>> News Corp) will receive $139 million (£90.94 million) worth of insurance proceeds in a rare cash settlement that resolves a lawsuit by shareholders alleging the board failed to investigate the company's phone hacking scandal....
|Sky Deutschland names James Murdoch to board|
|03/08 - MUNICH/FRANKFURT (Reuters) - Sky Deutschland wants to appoint News Corp's James Murdoch to its supervisory board, as the media conglomerate tightens its grip on the German pay-TV broadcaster.
|News Corp. Chairman Murdoch Sells $28.9 Million in Voting Shares|
News Corp. Chairman and Chief Executive Rupert Murdoch sold voting shares in the media company worth around $28.9 million this week, further reducing his voting stake by a fraction of a percent.
Mr. Murdoch sold a total of one million class B shares this week in two transactions, w