Rupert Murdoch leaves a controversial legacy, accused of having favored, through his newspapers and television, the rise of populism in Anglo-Saxon countries.
At 92, the feared media mogul Rupert Murdoch, who influenced political life in Britain and the United States, will leave the reins of his conservative media empire and hand over the management of the media group News Corp and Corporation to his son Lachlan. Fox.
Rupert Murdoch has built, over six decades, a media empire from Australia that has expanded and diversified in both the United Kingdom and the United States with prestigious media and many scandals.
Through News Corp. and Fox Corporation, it controls in particular numerous newspapers, television channels, one of the largest publishing houses in the world and real estate services.
Forbes on Thursday estimated his fortune at $17.3 billion.
News Corporation. In Australia it owns The Australian newspaper – the country’s only national newspaper, created in 1964 by Rupert Murdoch -, The Daily Telegraph, numerous local newspapers, the news site News.com.au, as well as the Sky television channel. News Australia and the Foxtel audiovisual group.
Its entry into the United Kingdom was marked by the acquisition, in 1969, of the tabloid News of the World – which Rupert Murdoch liquidated in 2011 following an email hacking scandal perpetrated by journalists – and the tabloid The Sun.
In 1981 he took over the prestigious newspaper The Times and its Sunday edition The Sunday Times.
He is also present on television and radio with talkSPORT, TalkTV and Virgin Radio UK.
News Corporation. It has also expanded into Ireland, notably with numerous local radio stations.
It entered North America by purchasing the New York Post tabloid in 1985. The group owns several financial publications such as MarketWatch, Barron’s and Investor’s Business Daily.
Still in the United States, in 2007 it acquired the Dow Jones group, owner of the prestigious economic newspaper The Wall Street Journal.
HarperCollins Publishers, created in 1817 and ranked second in the world, fell into its hands in 1987. In 2014, it absorbed the king of rosewater literature, Harlequin.
ADVERTISEMENTNews Corp also controls Rea Group, a specialist in residential and commercial real estate on the Internet present in Australia, North America and Asia with fifteen sites such as realtor.com or flatmates.com.au. Created in a Melbourne garage in 1995, it employs almost 3,000 people.
For its 2023 fiscal year, ended June 30, New York-based News Corp posted revenue of $9.88 billion (-5%) and net profit of $149 million.
In 1984, Rupert Murdoch bought the film production company 20th Century Fox, which he reorganized and divided. In 2017 he sold the studios to Disney, renamed 21st Century Fox.
Fox Corporation now consists of the national channel Fox, as well as several cable channels, the flagship of which is the news channel Fox News, favored by American conservatives.
It also owns the celebrity news site TMZ, as well as production companies such as Studio Ramsay Global, which produces cooking shows with chef Gordon Ramsay, as well as Masterchef. She also owns animation and content production studios.
ADVERTISEMENTDuring the first nine months of its 2023 fiscal year, the New York group generated revenue of $11.88 billion and net profit of $864 million.
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