Randy Rupert!K. Rupert Murdoch is the CEO of News Corporation, a publicly traded media conglomerate with global operations. From his roots in Australia, Murdoch has spent decades building one of the largest media companies in the world, with interests in newspapers, television, movies, books and the Internet. Murdoch became an American citizen in 1985.
Murdoch was born in 1931 to Keith Murdoch and Dame Elisabeth Murdoch (born Elisabeth Joy Greene). Keith Murdoch had become a major investor in Australian newspaper companies, acquiring a controlling interest in News Limited, an Adelaide company which published an afternoon newspaper called The News.
Upon graduating from Oxford University in 1953, Rupert Murdoch returned to Australia and was named the managing director of News Limited. He developed a keen interest in the newspaper business and began the process of expanding the business, which still continues today.
In 1964, Murdoch established The Australian, Australia's first national daily newspaper. The newspaper was established in Canberra, and later moved to Sydney. From there Murdoch began to acquire British and American media properties.
Murdoch began his conquest of British media in 1968, when he bought The News of the World, a popular lowbrow British tabloid newspaper. In 1969 Murdoch bought the British newspaper The Sun, converting it into a tabloid. The acquisitions continued and in 1981 News Corporation purchased The Times of London and The Sunday Times.
In 1973, Murdoch made his first purchase in the United States with the acquisition of the San Antonio Express-News. He then founded the supermarket tabloid Star, and in 1976 he purchased the New York Post.
In March 1985, News Corporation paid $250 million to purchase 50% of TCF Holdings, the parent company of the 20th Century Fox movie studio. In September 1985, the company paid $325 million to acquire the rest of the studio. In May 1985, News Corporation formed Fox Television Stations Group with the purchase of six independent television stations in major U.S. markets from John Kluge's company, Metromedia, at a cost of $1.55 billion.
In October 1985, Murdoch announced his plan to create a new U.S. television network to be named Fox Television Network. The Fox News Channel (FNC), an American cable and satellite television news channel, was launched on October 7, 1996.
Fox Entertainment Group bought the Los Angeles Dodgers for $311 million from Peter O'Malley in 1998. The O'Malley family had owned the team for decades. The Dodgers had three managers in their six years under Fox ownership. They did not play a single postseason game and finished no higher than second in their division. Fox sold the Dodgers in 2004 to Frank McCourt, a Boston real estate developer, for $430 million.
Murdoch acquired Star TV from a Hong Kong company in 1993. It is one of the biggest satellite TV networks in Asia.
Rupert Murdoch has spent over 50 years with News Corporation, and the Murdoch family is a major shareholder, controlling about 30% of the company. Murdoch has lived in the United States since the 1970's, and he gave up his Australian citizenship in 1985 to become a U.S. citizen. He did so to satisfy the legal requirements that only United States citizens could own American television stations.
Murdoch has been married three times. His first marriage, to Patricia Booker in 1956, lasted four years. In 1961 he married an employee, journalist Anna Murdoch, born Anna Torv. They had three children: Elisabeth Murdoch (1968), Lachlan Murdoch (1971), and James Murdoch (1972). Anna and Rupert divorced in 1998 after it was revealed that Murdoch had been conducting a long-running affair with another employee, Wendi Deng, a junior executive in News Corporation's Asian operations and almost 40 years his junior. They married 1999. They have two children, Grace (2001) and Chloe (2003). | |
Your Comments About Rupert Murdoch | Comments to date: 3. The most recent comments are below.
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Mondo Stars editors Boulder, Colorado USA | Posted at 1:40pm on Tuesday, October 6th, 2009 | In the November 2009 issue of Vanity Fair, Michael Wolff writes about the business psychology of Rupert Murdoch:
"Murdoch’s son-in-law Matthew Freud—married to Elisabeth Murdoch, and one of the most well-known P.R. men in the U.K.—explained to me what he believes is the essence of Murdoch’s approach to business: Murdoch is not a modern marketer. He runs his business not on the basis of giving the consumer what he wants but through more old-fashioned methods of structural market domination. His world, and training ground, is the world of the newspaper war—a zero-sum game, where you wrestle market share from the other guy. Curiously, his newspaper battles have most often involved cutting prices rather than, as he now proposes to do on the Internet, raising them. (Murdoch has contributed as much as anyone, with his low-priced papers, to the expectation that news is a de-valued commodity.)
But more than being about cost, his strategy is about pain. What he is always doing is demonstrating a level of strength and will and resolve against which the other guys, the weaker guys, cower. He can take more pain than anybody else. While others persist in the vanity of the Internet, he will endure the short- or medium-term pain necessary to build a profitable business."
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Dina Ceres,Ca | Posted at 8:55pm on Tuesday, July 10th, 2007 | never heard of him I think he looks really saggy and old.
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elizabeth barry fuquay-varina, nc | Posted at 8:32pm on Thursday, June 14th, 2007 | I am an alumni of Worcester, MA colleges. I am stunned that Benji on "So you think you can dance" was allowed to end his dance in his underwear. The music was latino re America and the underwear was absolutely disgraceful to our Country. Shame on Fox Network... Shame on the sponsers for taking a great show and allowing this to happen... no products, no sales...
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