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News Corp was established in 1980 by Rupert Murdoch as a holding company for News Limited.News Limited was founded in 1923 in Adelaide by James Edward Davidson, funded by the Collins House mining empire for the purpose of publishing anti-union propaganda; [9] [10] subsequently the controlling interest was bought by the Herald & Weekly Times.
On June 28, 2012, Rupert Murdoch announced that News Corporation's publishing operations would be spun off to form a new, publicly traded company. [8] [9] Murdoch stated that performing this split would "unlock the true value of both companies and their distinct assets, enabling investors to benefit from the separate strategic opportunities resulting from more focused management of each division".
By 2000, Murdoch's News Corporation owned more than 800 companies in more than 50 countries, with a net worth of more than $5 billion. [9] 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.
News Corp., owner of the Journal and the New York Post, and Fox Corp. — which was spun off after Murdoch's $52.4-billion deal with Disney in 2017 — said they had formed a special committee to ...
Now, Starboard has filed privately for a shareholder resolution that calls for the abolition of News Corp's dual-class stock structure, which gives Murdoch 40% of the company's voting stock ...
Rupert Murdoch's News Corp. is reinventing itself -- and the strategy underscores why Wall Street has learned to trust him. Later this year, the entertainment and media colossus is expected to ...
Dow Jones Indexes – stock market indexes and indicators, including the Dow Jones Industrial Average. (10% ownership) (10% ownership) Dow Jones Financial Information Services – produces databases, electronic media, newsletters, conferences, directories, and other information services on specialised markets and industry sectors.
Rupert Murdoch, arguably the most powerful person in media, is calling it quits. The 92-year-old announced Thursday he would step down as chairman of Fox Corp. and News Corp. in mid-November. His ...