Rupert Murdoch

Keith Rupert Murdoch, AC, KSG (born 11 March 1931) is an Australian-American media mogul. He is the founder and Chairman and CEO of News Corporation, the world's second-largest media conglomerate.

In 1953, Murdoch became managing director of News Limited, inherited from his father. In the 1950s and '60s, he acquired various newspapers in Australia and New Zealand, before expanding into the United Kingdom in 1969, taking over the News of the World and then The Sun. He moved to New York in 1974 to expand into the US market and became a naturalised US citizen in 1985. In 1981, he bought The Times, his first British broadsheet. In 1986, keen to adopt newer electronic publishing technologies, he consolidated his UK printing operations in Wapping, causing bitter industrial disputes. His News Corporation acquired Twentieth Century Fox (1985), HarperCollins (1989) and The Wall Street Journal (2007). He formed BSkyB in 1990 and during the 1990s expanded into Asian networks and South American television. By 2000 Murdoch's News Corporation owned over 800 companies in more than 50 countries with a net worth of over $5 billion.

In July 2011 Murdoch faced allegations that his companies, including the News of the World, owned by News Corporation, had been regularly hacking the phones of celebrities, royalty and public citizens. He faced police and government investigations into bribery and corruption in the UK and FBI investigations in the US.

Early Life

Murdoch was born in Melbourne, the only son of Sir Keith Murdoch (1885–1952) and Elisabeth Greene (born 1909). His mother is of English and Scottish ancestry. His parents were both born in Melbourne. Keith Murdoch was a renowned war correspondent and later a regional newspaper magnate. He asked for a rendezvous after seeing her debutante photograph in one of his own newspapers and they married in 1928, when she was aged 19 and he 23 years her senior. In addition to Rupert, the couple had three daughters: Janet Calvert-Jones, Anne Kantor and Helen Handbury (1929–2004).

Murdoch attended the elite Geelong Grammar School, where he had his first experience of editing a publication, being co-editor of the school's official journal The Corian and editor of the student journal If Revived. He worked part time at the Melbourne Herald and was groomed by his father from an early age to take over the family business. Murdoch read Philosophy, Politics and Economics at Worcester College, Oxford University in England, where he supported the Labour Party. After her husband's death from cancer in 1952, Elisabeth Murdoch went on to invest herself in charity work, as life governor of the Royal Women's Hospital in Melbourne and establishing the Murdoch Children's Research Institute. At 102 (in 2011) she has 74 descendants. Murdoch completed an MA before working as a sub-editor with the Daily Express for two years.

From : www.wikipedia.org

Rupert Murdoch

Rupert Murdoch was born on March 11, 1931 in Melbourne, Australia. His father was a famous war correspondent and newspaper publisher. Murdoch inherited his father's papers, the Sunday Mail and The News, and continued to purchase other media.

Profile

Rupert Murdoch(born March 11, 1931, Melbourne, Victoria, Australia) Australian-born newspaper publisher and media entrepreneur, founder and head of the global media holding company the News Corporation Ltd., which governed News Limited (Australia), News International (U.K.), and News America Holdings Inc. (U.S.). Murdoch's corporate interests centred on newspaper, magazine, book, and electronic publishing; television broadcasting; and film and video production, principally in the United States, the United Kingdom, and Australia.

Murdoch, the son of Sir Keith Murdoch (1886–1952), a famous Australian war correspondent and publisher, studied at Worcester College, Oxford (M.A., 1953), and briefly worked as an editor on Lord Beaverbrook's London Daily Express, where he first gained practical experience in the sensationalist journalism that would be a major influence early in his career as a publisher. His father having died, he returned to Australia in 1954 to take over his inheritance, the Sunday Mail and The News, both of Adelaide; he quickly converted the latter into a paper dominated by news of sex and scandal, often writing its banner headlines himself. The News's circulation soared, and he then went about instituting similar changes in papers that he bought in Sydney, Perth, Melbourne, and Brisbane.

By the time that Murdoch acquired his first British newspaper in 1969—the News of the World of London—he had put together a proven formula for boosting circulation, which entailed an emphasis on crime, sex, scandal, and human-interest stories with boldface headlines, prolific sports reporting, and outspokenly conservative editorializing. This formula was successful with both the News of the World and The Sun, a London daily that he acquired the following year.

In 1973 Murdoch entered the American newspaper business by purchasing two San Antonio, Texas, dailies, one of which—the San Antonio News (later the Express-News)—he transformed into a sex-and-scandal sheet that soon dominated the city's afternoon market. In 1974 he introduced a national weekly sensationalist tabloid, the Star, and in 1976 he purchased the afternoon tabloid New York Post, but in the late 1980s he sold both, profitably; he repurchased the Post in 1993. He also purchased the Boston Herald American from the Hearst Corporation in 1982 and changed the name to the Boston Herald (sold 1994). He bought TV Guide in 1988. Overall in the 1980s and '90s he bought and later sold a number of American publications—such as the Chicago Sun-Times, the New York City Village Voice, and New York magazine. Among Murdoch's diverse publications were a number of more conventional and respected newspapers, such as The Times of London and the Sunday Times (both acquired in 1981) and the Australian (a national daily that he established in 1964). Murdoch took residence in the United States in 1974 and became a naturalized U.S. citizen in 1985, based in New York City.

In the 1980s and '90s Murdoch amassed major holdings in other communications ventures, including radio and television stations and video, film, and record companies, as well as book publishing. In 1985 he acquired the Twentieth Century-Fox Film Corporation and bought several independent American television stations from Metromedia, Inc., consolidating both these ventures into a new company, Fox, Inc., which has since become a major broadcast television network in the United States, rivaling ABC, CBS, and NBC. He bought the Australian news group the Herald and Weekly Times Ltd. in 1987. He thereafter purchased a number of book-publishing companies—including, in the United States, the prestigious Harper & Row Publishers (1987), the religious publisher Zondervan (1988), and the giant textbook and trade publisher Scott, Foresman & Company (1989), and, in the United Kingdom, the venerable William Collins PLC (1989); these companies and some operations in Australia and New Zealand were merged in 1990 as HarperCollins Publishers. In Britain in 1989 Murdoch inaugurated Sky Television, a four-channel satellite service, which merged with the rival British Satellite Broadcasting in 1990 to become British Sky Broadcasting.

This heady expansion burdened Murdoch's international media conglomerate with a heavy debt, which he reduced by selling off New York, Seventeen, the Daily Racing Form, and several other American magazines. In 1993 he purchased Star TV, a pan-Asian television service based in Hong Kong, as part of his plan to build a global television network. In 1995 the News Corporation entered into a partnership with MCI Communications Corporation, a major provider of long-distance telecommunications services in the United States. Murdoch subsequently looked to increase his company's Internet holdings, and in 2005 he bought Intermix Media, owner of MySpace.com, a social-networking site that had more than 30 million members. Two years later he made news with the announcement that the News Corporation was acquiring Dow Jones & Company, publisher of The Wall Street Journal, for $5 billion.

From : www.biography.com