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News Corporation
K. Rupert Murdoch is the CEO of News Corporation. News Corporation (NYSE: NWS) is a publicly traded media conglomerate that operates globally.
Originally an Australian company, News Corporation reincorporated in the United States in 2004 and moved its headquarters from Adelaide to New York City. As a result of the reincorporation, News Corporation was added to the S&P 500 Index in December 2004. The company generates about 75% of its revenues and profits in the U.S..
News Corporation is involved motion picture production, television programming, television, cable and satellite broadcasting, newspaper publishing, book and magazine publishing, and the promotion and distribution of advertising materials and services.
Chairman Rupert Murdoch has spent over 50 years with the company, and the Murdoch family is a major shareholder, controlling about 30% of the corporation. Murdoch has lived in the United States since the 1970s, and he gave up his Australian citizenship in 1985 to become a U.S. citizen. He did so to satisfy the legal requirement that only United States citizens could own American television stations.
Murdoch built a media empire beginning with ownership of the Adelaide News, which he inherited from his father. In 1964, Murdoch established The Australian, Australia's first national daily newspaper. From there Murdoch began to acquire British and American media properties.
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 (née Torv). Anna and Rupert divorced acrimoniously 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 in 1999.
Company subsidiaries include Fox Entertainment Group and the Twentieth Century Fox movie studio. It has 34% stake in the DIRECTV Group. News Corporation also owns over 30 American television stations, the New York Post and Boston Herald newspapers and a number of Britain's largest circulation newspapers (The Times, The Sun, The News of the World). The company has extensive operations across Asia, Australia, Europe and Latin America.
In July 2005, News Corporation bought Intermix Media, Inc., owner of the social networking portal MySpace.com and about 30 other web sites, for $580 million. Along with the recently announced formation of Fox Interactive Media, the Intermix acquisition underscores News Corporation's commitment to expand its Internet presence.
In December 2007, the company acquired Dow Jones & Company, publisher of The Wall Street Journal and other business news and information. The protracted and heated negotations lasted half a year. Prior to the sale, the Bancroft family held a majority stake in Dow Jones and initially opposed the $5 billion offer from News Corporation.
New Corporation's revenue was $25.3 billion in 2006. Media SubsidiariesNational Media Properties
Local Media Properties
Other News Corporation Properties
20th Century Fox Home Entertainment
20th Century Fox International
20th Century Fox Studios
20th Century Fox Television
BSkyB
DIRECTV
Festival Mushroom Records
Fox Broadcasting Company
Fox Interactive Media
FOXTEL
HarperCollins Publishers
MySpace.com
National Rugby League
News Interactive
News Outdoor
Radio Veronica
ReganBooks
Sky Italia
Sky Radio Denmark
Sky Radio Germany
Sky Radio Netherlands
STAR
Zondervan
Comments about News CorporationComments to date: 12. The most recent comments are below.| |
John D Kelley ( Jack ) Portsmouth, NH USA | Posted at 7:18pm on Wednesday, July 1st, 2009 | WE WISH WE HAD A REAL NEWSPAPER IN THIS CITY. THE PORTSMOUTH HERALD LEAVES A LOT TO BE DESIRED.HAVING SPENT NEARLY FORTY YRS IN THE TV PROGRAM AND MEDIA SALES BIZ I WORKED WITH NEARLY ALL THE STATIONS IN THE US AND READ LOTS OF LOCAL PAPERS WHILE WAITING FOR MY FLT. THE HERALD IS EXTREMELY LIBERAL,VERY BIASED. RUPERT, PLEASE HELP!!! JACK KELLEY
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Scott Bowers North Carolina | Posted at 6:51pm on Sunday, May 17th, 2009 | If your so fair and balanced how come you keep trying to push a POINT OF VIEW instead of reporting the news?
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CWATTS Laurel, MS | Posted at 10:57am on Thursday, March 19th, 2009 | Sick and tired of stupid male enhancement commercials. Trying to watch tv with my two teenage daughters becomes uncomfortable for everyone in the house when those stupid "THIS COULD BE FUN". You'd think these stupid idots controlling commercials could wait at least until 9pm to air them, but nooooo. They come on all day and night. My 5 year old daughter turns to her daddy and says "Do you need male enhancement?" I can't watch FOX now or I have to change channels during commercials. You should be sued for this garbage.
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dave london | Posted at 9:29am on Thursday, March 19th, 2009 | YEP, TOO MANY BREAKS, BREAKS TOO LONG, SAME ADVERTS SHOWN IN BREAK, SOUND TOO LOUD DURING AD BREAKS. BRITISH TV IS GETTING JUST AS BAD AS AMERICAN AND AUSTRALIAN TV - SOON NO-ONE WILL WATCH IT AND JUST LISTEN TO THE RADIO!
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Eric Kallgren Boulder, Colorado USA | Posted at 3:41pm on Monday, February 23rd, 2009 | February 22, 2009: From the New York Times article "Murdoch's Soft Spot for Print Slows News Corp.:"
"Mr. Murdoch, as much old-fashioned press baron as 21st century multimedia mogul, faces a depressing reality: his lifelong fondness for newspapers has become a significant drag on the fortunes of his company, the News Corporation.
The company recently took $8.4 billion in write-downs, including $3 billion on its newspaper unit, which includes The Journal’s publisher, Dow Jones & Company. Meanwhile, the News Corporation’s stock price has fallen by two-thirds in the last year, a sharper decline than at media conglomerate peers like Time Warner and Viacom.
In more vibrant economic times, investors and Wall Street analysts were more willing to look past Mr. Murdoch’s attachment to newspapers — the newspaper segment is now the company’s biggest single source of revenue, about 19 percent in the most recent quarter. But they find that a tougher chore these days, as other media struggle and newspapers suffer through their worst slump since the Depression.
“The thing I hear from investors is that they wish News Corp. was everything but newspapers,” said David C. Joyce, media analyst at Miller Tabak & Company.
“Investors are more forgiving when they are in a better mood,” he said. “The hope for a turnaround in the newspaper business is looking elusive.”
The declining economy and the sinking fortunes of print publications have placed in stark relief Mr. Murdoch’s love of newspapers and his deal to acquire Dow Jones just before the recession set in. Mr. Murdoch, chairman and chief executive of the News Corporation, paid more than $5 billion for an asset that generated about $100 million in operating income last year, a price that now looks like a staggering overpayment. Mr. Murdoch declined to comment for this article."
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Eric Kallgren Boulder, Colorado USA | Posted at 1:52pm on Sunday, February 8th, 2009 | On February 5, 2009, the Associated Press reported that News Corporation lost a bundle in its latest quarter:
"News Corp., the global media giant controlled by Rupert Murdoch, said Thursday it lost $6.4 billion in its most recent quarter because of a massive write-down in the value of its assets.
The New York-based company, which owns The Wall Street Journal and the Fox broadcast network, also forecast a 30 percent drop in operating profits for the fiscal year to June from a year ago, when it earned $5.13 billion.
News Corp. shares shed 55 cents, or 7.4 percent, to $6.90 in after-hours trading.
Murdoch, the chief executive who controls more than a third of the company's shares, blamed the bleak outlook on falling advertising revenue and the impact of weak consumer sentiment on DVD and book sales."
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nadine Peich chino ca | Posted at 3:25pm on Tuesday, November 25th, 2008 | who is responsible for controlling the VOLUME?? go ahead and lay back and relax at nite to a movie and then when the commercial comes on YIKES toooooooo loud. Jeeez get control will you? I can hear it going up in volume as soon as it comes on,i turn in down our mute then i cant hear the movie when it comes back on.It would wake anyone up in the house trying to sleep while iam watching in another room. STOP IT PLEASE**** PS too many commercials as well,way to many.....Its time we take back what we want in tv....
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Joanie Foster Acworth, Ga. | Posted at 9:23pm on Wednesday, November 12th, 2008 | Fair & Balanced! You represent all of us, Republicans, too! All other channels are Liberals chatting with Liberals...Brainwashing with Intention! They bought Sen. Obama's Election,100%!!! Is this ILLEGAL???
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Raj Goswami Indore (India) | Posted at 4:36am on Tuesday, August 5th, 2008 | From the desk of Raj Goswami Indore (India)
R/K. Rupert Murdoch sir,
Today there is news in our Indian news paper that your company is planning to invest and entering in advertisement sector in India.
Sir, we have a very small group working in multimedia and news sector.
We have a very good project in news sector . And we can be helpful to your company in advertisement sector in medium level cities. Because now a day in India B grades city money expenditure capacity is also increasing day by day but the thing is companies right approach requires.
In India we think world’s 40% purchasing capacity is here but right approach is not there.
Here we are finding persons are there and also they want to expense but the right direction and quality they are not getting.
If anyone read this message it our request Pl direct hand over this message to CEO K. Rupert Murdoch because it is in the favor of Newscorp.
Thanks
Have a nice day sir,
If any more quarry you are always welcome
My cell no 09826052849, 09930280386
My personal mail id.
legal23@rediffmail.com
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Chad copeland pennsylvania, usa | Posted at 12:39pm on Friday, May 30th, 2008 | I have a show that I came up with to go on the speed channel it is a great original idea I want to know who do I contact to develop the show it would easly and quickly become the top show I just dont know who to contact I know that fox owns the speed channel so I thought I would try to contact someone there.
Chad 610-888-8863
e-mail cobractmi@yahoo.com
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