Murdoch turned failing newspaper, The Adelaide news, into a huge success. After he started the ‘Australian’ which was the first national paper in the country
1952 – Murdoch’s newspaper publisher father dies, leaving him control of the News Ltd. company in Adelaide, Australia
1973 – Expands to the United States by purchasing the San Antonio Express and the San Antonio News.
1985 –Purchases Twentieth Century Fox from oilman Marvin Davis for $600 million
Purchases US publishing house Harper & Row for $300 million in 1987
By 2000, Murdoch’s News Corporation owned over 800 companies in more than 50 countries
Has a net worth of over $5 billion
2005 saw ‘News Corporation’ buy ‘Intermix Media’ which owned ‘MySpace’
Tries to cover-up of abuses at News of the World but later admits this
In 2011, evidence indicated that newspaper staffers had engaged in illegal and unethical behaviour, notably the hacking of mobile phone mailboxes belonging to celebrities, murder victims, and British soldiers killed in the Afghanistan War.
Murdoch issues an apology for the phone hacking via full page ads in seven national newspapers
This investigation was later known as the Levenson inquiry
In June 2013 News Corporation split its print and television and media holdings
The months long FBI investigation into allegations of bribery by officials of a Russian subsidiary of News Corp., News Outdoor Russia (NOR), in 2011
News Corp. confirms that it plans to split into two publicly traded companies which are News corp and 21st century fox
2019, Murdoch sold the majority of 21st Century Fox’s entertainment assets to the Walt Disney Company for $71.3 billion.
Roger Ailes resigned from his ownership of ‘Fox News’ due to allegations of sexual harassment against him. Rupert Murdoch, acting CEO of Fox News from 2016-2019, was given ownership over the company.
In 2020, 21st century fox’s annual revenue was about $35 million
Murdoch made his biggest purchase when he bought Wall Street Journal in 2007
the Journal has shifted away from focusing exclusively on business and now has become more of a general-interest publication.
In May 2012, a parliamentary panel tasked with investigating the scandal released a highly critical report, which stated that Rupert “is not a fit person to exercise the stewardship of a major international company”
News UK recording an overall loss of £33.6m loss on the business
News Corporation is the second biggest media conglomerate of the world
