Murdoch began building his empire in 1952 when he inherited the family newspaper company. Murdoch is credited for creating the modern tabloid encouraging his newspaper to publish human interest stories focused on controversy, crime, and scandals.
Murdoch turned one failing newspaper, The Adelaide news, into a success. He then started the Australian, the first national paper in the country.
Murdoch’s media empire includes Fox News, Fox Sports, the Fox Network, The Wall Street Journal, and HarperCollins.
In 1968, Murdoch entered the British newspaper market with his acquisition of the populist News of the World, followed in 1969 with the purchase of the struggling daily The Sun from IPC
In 1981, Murdoch acquired the struggling Times and Sunday Times from Canadian newspaper publisher Lord Thomson of Fleet.
In the light of success and expansion at The Sun the owners believed that Murdoch could turn the papers around. Harold Evans, editor of the Sunday Times from 1967, was switched to the daily Times, though he stayed only a year amid editorial conflict with Murdoch.
Murdoch bought the newspaper, ‘News of the World of London’, in 1968
Murdoch became a US Citizen in 1985 in order to be able to expand his market to US television broadcasting.
It is owned by the Murdoch family via a family trust with 39.6% ownership share; Rupert Murdoch is chairman, while his son Lachlan Murdoch is executive chairman and CEO. Fox Corp. deals primarily in the television broadcast, news, and sports broadcasting industries.
The Murdoch Family Trust controls around 40 per cent of the parent company’s voting shares (and a smaller proportion of the total shares on issue).
