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News Corporation, doing business as News Corp, [3] is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The company was formed on June 28, 2013, as a spin-off of the first News Corporation ; its legal successor was 21st Century Fox (21CF), which held its media and entertainment assets.
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.
A mission statement aims to communicate the organisation's purpose and direction to its employees, customers, vendors, and other stakeholders. A mission statement also creates a sense of identity for employees. Organizations normally do not change their mission statements over time, since they define their continuous, ongoing purpose and focus. [5]
The Journal, along with its parent Dow Jones & Company, was among the businesses News Corporation spun off in 2013 as the new News Corp. [79] In November 2016, in an effort to cut costs, the Journal 's editor-in-chief, Gerard Baker, announced layoffs of staff and consolidation of its print sections. The new "Business & Finance" section combined ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 24 January 2025. Large company involved in mass media industry A media conglomerate, media company, media group, or media institution is a company that owns numerous companies involved in mass media enterprises, such as music, television, radio, publishing, motion pictures, video games, amusement park ...
News International received 50%, Pearson PLC 17.5%, Chargeurs 17.5%, Granada 12%, Reed International 2% of the new shares in the company. [ 21 ] By September 1991, the weekly losses had been reduced to £1.5M a week, Rupert Murdoch said "there were strong financial marketing and political reason[s] for making the compromise merger instead of ...
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With the success of his efforts establishing Fox as a TV network in the United States, [45] [46] experience gained from Sky News and the turnaround of 20th Century Fox, Murdoch announced on January 30, 1996, that News Corp. would launch a 24-hour news channel on cable and satellite systems in the United States as part of a News Corp. "worldwide ...