2023-09-22 13:55:17
The influential Australian-American tycoon Rupert Murdoch, who blew hot and cold on British and American political life throughout his career, is retiring. At 92, he bequeaths the management of the media group News Corp and Fox Corporation to his son Lachlan, the two companies announced in a press release published on Thursday, September 21.
At the end of a general meeting to be held in mid-November, the conservative businessman will only keep a position as “president emeritus”. Founder of the largest English-speaking press group in the world, he leaves behind a media empire as immense as it is controversial.
Rupert Murdoch’s media saga begins in his country of origin, Australia. News Corp created in 1964 The Australianthe country’s only national daily newspaper to date, then acquired an influential Sydney daily, the Daily Telegraph. Other local newspapers like the news site news.com.au, then the television channel Sky News Australia and the audiovisual group Foxtel will subsequently be added to its portfolio. Today, 60% of Australian newspapers are owned by Rupert Murdoch, according to The world.
Expansion in the United Kingdom and the United States
The tabloid News of the World, which he acquired in 1969, quickly became very popular in the United Kingdom and allowed Rupert Murdoch to extend his influence in London. This title has since closed down, in the wake of a phone hacking scandal of eminent British personalities that occurred in 2011. Rupert Murdoch’s empire then expanded with the purchase of another English tabloid , The Sunwhich has enjoyed resounding success despite its sensationalist and unethical reputation.
Building on these financial successes, Rupert Murdoch managed to buy across the Channel the prestigious daily The Times and its Sunday edition, the Sunday Times in 1981. He also ventured into the Irish market, acquiring numerous local radio stations.
Rupert Murdoch’s first foray into the United States dates back to 1976 with the purchase of New York Post. Subsequently, the Market Watchthe Barron’s and theInvestor’s business Daily will be added to his portfolio. In 2007, this already substantial empire expanded with the purchase of the Dow Jones group, owner of the renowned economic daily The Wall Street Journal.
The Fox Corporation, parent company of the Fox News channel
The group created the 24-hour news channel Fox News in 1996, with the aim of competing with CNN. Television quickly became the flagship of the Fox Corporation. Supported by American conservative positions, she played a central role in the election of Donald Trump in 2016 as President of the United States.
In addition to the television channel, the Fox Corporation includes the site specializing in celebrities TMZ, as well as the production companies Studio Ramsay Global. The group’s turnover amounts to 11.88 billion dollars (around 11.5 billion euros) over the first nine months of 2023.
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