News Corporation, stylized as News Corp, is an American

mass media Mass media refers to a diverse array of media technologies that reach a large audience via mass communication. The technologies through which this communication takes place include a variety of outlets. Broadcast media transmit informati ...

and publishing company headquartered in Midtown Manhattan,

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

. The second incarnation of the original News Corporation, it was formed on June 28, 2013, following a spin-off of the media outlets of the original News Corp as 21st Century Fox. Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include Dow Jones & Company (publisher of ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

''),

News UK News Corp UK & Ireland Limited (trading as News UK, formerly News International and NI Group) is a British newspaper publisher, and a wholly owned subsidiary of the American mass media conglomerate News Corp. It is the current publisher of ...

(publisher of '' The Sun'' and ''

The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper '' The Sunday Times'' (f ...

''), News Corp Australia,

REA Group REA Group Ltd and its subsidiary companies, known as the REA Group, make up a global online real estate advertising company. REA Group is headquartered in Melbourne, Australia with subsidiary offices in Wanchai, Hong Kong and Gurugram, India. RE ...

(operator of realestate.com.au), Realtor.com, and book publisher

HarperCollins HarperCollins Publishers LLC is one of the Big Five English-language publishing companies, alongside Penguin Random House, Simon & Schuster, Hachette, and Macmillan. The company is headquartered in New York City and is a subsidiary of News ...

. It is one of two companies that succeeded the original News Corporation, alongside 21st Century Fox—which consisted of broadcasting and media properties such as

Fox Entertainment Group Fox Entertainment Group was an American entertainment company specialised in filmed entertainment owned by 21st Century Fox. Following the acquisition of 21st Century Fox by Disney, the group's assets were folded into various Disney units. The ...

. The spin-out was structured so that 21st Century Fox was the legal continuation of the original News Corporation, with the new News Corp being a new company formed by a

stock split A stock split or stock divide increases the number of shares in a company. For example, after a 2-for-1 split, each investor will own double the number of shares, and each share will be worth half as much. A stock split causes a decrease of mark ...

. Following the acquisition of a majority of 21st Century Fox assets by The Walt Disney Company in 2019,

Fox Corporation Fox Corporation (stylized in all-caps as FOX Corporation) is a publicly traded American mass media company operated and controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. Incorporated ...

, which is News Corp's sister company and successor to the former 21st Century Fox, is also owned and controlled by the

Murdoch family Members of the Murdoch family are prominent international media magnates and media tycoons with roots in Australia and the United Kingdom, along with their media assets in the United States. Some members have also been prominent in the arts ...

History

Formation

On June 28, 2012,

Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...

announced that

News Corporation News Corporation (abbreviated News Corp.), also variously known as News Corporation Limited, was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New ...

's publishing operations would be spun off to form a new, publicly traded company. 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". The move also came in the wake of a series of

scandals A scandal can be broadly defined as the strong social reactions of outrage, anger, or surprise, when accusations or rumours circulate or appear for some reason, regarding a person or persons who are perceived to have transgressed in some way. Th ...

that had damaged the reputation of multiple News Corporation-owned properties.

Robert James Thomson Robert Thomson (born 11 March 1961) is an Australian journalist. Since January 2013 he has been chief executive of News Corp. Life Thomson was born in Torrumbarry, Victoria, and studied at Christian Brothers College in St Kilda East, and at ...

, editor of ''

'', was announced as the initial chief operating officer for the company; while Murdoch would not serve as CEO, he remained chairman and a shareholder of the new News Corp. Thomson promised that the new company would "cultivate a start-up sensibility even though we already work for the world's most established and prestigious diversified media and information services company" and would emphasize building new business models around its properties and content. The logo of the new News Corporation was unveiled at an investor presentation on May 28, 2013; the handwritten logo uses script based on Murdoch's own handwriting. News Corp's board approved the split on May 24, 2013, while shareholders approved the split on June 11; Preliminary trading on the Australian Securities Exchange of the new News Corp's class B stock began on June 19, 2013, at around $15 per share; a value slightly lower than expected by some analysts. The shares fell in price by 3% to $14.55 per share, valuing the new company at around $7.9 billion US. The corporate split was finalized on June 28, 2013; during the

ting process, one share of the new News Corp was given to shareholders for every four shares they owned in the former News Corp. The current News Corp began trading on the NASDAQ stock exchange under the symbol "NWS" on July 1, 2013; at the same time, the former News Corporation (which encompassed purely of media properties, such as

and

20th Century Fox 20th Century Studios, Inc. (previously known as 20th Century Fox) is an American film production company headquartered at the Fox Studio Lot in the Century City area of Los Angeles. As of 2019, it serves as a film production arm of Walt Dis ...

) was renamed 21st Century Fox.

After the split

On September 4, 2013, News Corp announced that it would sell the

Dow Jones Local Media Group Local Media Group, Inc., formerly Dow Jones Local Media Group and Ottaway Newspapers Inc., owned newspapers, Web sites and niche publications in California, Maine, Massachusetts, New Hampshire, New York, Oregon and Pennsylvania. It was headquarte ...

, a group of 33 local newspapers, to Newcastle Investment Corp.—an affiliate of

Fortress Investment Group Fortress Investment Group is an American investment management firm based in New York City. Fortress was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, and Randal Nardone. When Fortress launched on the NYSE in February 200 ...

, for $87 million. The newspapers will be operated by GateHouse Media, a newspaper group owned by Fortress. Robert Thomson indicated that the newspapers "were not strategically consistent with the emerging portfolio" of the company. GateHouse then filed for prepackaged Chapter 11 bankruptcy on September 27, 2013, to restructure its debt obligations to accommodate the acquisition. then GateHouse emerged from bankruptcy on November 26, 2013. On December 20, 2013, News Corp announced its acquisition of Dublin, Ireland-based social

news agency A news agency is an organization that gathers news reports and sells them to subscribing news organizations, such as newspapers, magazines and radio and television broadcasters. A news agency may also be referred to as a wire service, newswir ...

Storyful, a startup founded by journalist Mark Little. At the time, Storyful was described as "scour ng social-media services like Twitter and Instagram" to discover

user-generated content User-generated content (UGC), alternatively known as user-created content (UCC), is any form of content, such as images, videos, text, testimonials, and audio, that has been posted by users on online platforms such as social media, discussion f ...

—"breaking news and viral online content"—and after sourcing, to then verify, acquire, and distribute it. Storyful had, for instance, reported 2013 results of 750m views of user-generated videos by its partners. The cost of the Storyful acquisition was €18 million (£15m, US$25m), and marked News Corp's first acquisition since the split. News Corp CEO at the time, Robert Thomson, stated that the service had "become the village square for valuable video, using journalistic sensibility, integrity and creativity", and that with the acquisition, News Corp would "define the opportunities that the digital landscape presents, rather than simply adapt to them". On May 2, 2014, News Corp acquired romance novel publisher

Harlequin Enterprises Harlequin Enterprises ULC (known simply as Harlequin) is a romance and women's fiction publisher founded in Winnipeg, Canada in 1949. From the 1960s, it grew into the largest publisher of romance fiction in the world. Based in Toronto, Canada ...

from

Torstar Torstar Corporation is a Canadian mass media company which primarily publishes daily and community newspapers. In addition to the ''Toronto Star'', its flagship and namesake, Torstar also publishes daily newspapers in Hamilton, Peterborough, Ni ...

for $415 million. The deal closed on August 1; it is now operated as a subsidiary of News Corp's

. On September 30, 2014, News Corp announced its acquisition of Move, Inc., a real estate listings company and owner of Realtor.com, a 20% stake of which was, at the time, owned by

, a publicly traded subsidiary of News Corp Australia. News Corp also began making investments in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

in late 2014, such as a $30 million investment in real estate site ProTiger in November, the December 2014 purchase of BigDecisions.com, a financial planning website, and the acquisition of Indian media firm

VCCircle VCCircle, founded in 2005, is an Indian information services group with presence in online business news, data, events and training for private equity and venture capital fund managers, entrepreneurs, investment bankers, corporate executives and ...

in March 2015. In October 2015, News Corp sold its digital education brand Amplify to a management team supported by a group of private investors for an undisclosed sum. In June 2016, News Corp acquired

Wireless Group Wireless Group Limited is a radio and digital broadcasting network with headquarters in Belfast, Northern Ireland and with radio operations in the Republic of Ireland and the United Kingdom. It currently operates five stations in Ireland and ...

(formerly UTV Media), a British radio broadcaster, for $296 million In January 2020, News Corp sold Unruly, an outstream video ad marketplace, in exchange of 6.91% of Tremor Video stock. On July 31, 2020,

James Murdoch James Rupert Jacob Murdoch (born 13 December 1972) is a British-American businessman, the younger son of media mogul Rupert Murdoch, and was the chief executive officer (CEO) of 21st Century Fox from 2015 to 2019. He was the chairman and CEO fo ...

resigned from the News Corp board of directors, "due to disagreements over certain editorial content published by the Company's news outlets and certain other strategic decisions." On February 4, 2022, News Corp suffered a cyberattack from hackers believed to be linked to China.

Potential re-merger with Fox Corporation

In October 14, 2022, it was announced that, under the instruction of Rupert Murdoch, a special committee had been established to explore a potential merger of Fox and News Corp, bringing the two companies back together after the former 21st Century Fox was spun-off from News Corp in 2013.

Assets

The company consists of the former News Corp's newspaper and book publishing assets, together with the digital real estate advertising properties that are now its largest business and includes: *

, a British newspaper publisher (includes subsidiary News Ireland), and owners of radio broadcaster

. * Dow Jones & Company, a New York City-based financial publisher, and owner of the ''

Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'', '' MarketWatch'' and ''

Barron's Barron's or Barrons may refer to: *Barron's Educational Series, a publisher of books, as well as college entrance exam preparation classes and materials, now an imprint of Kaplan Test Prep ** B.E.S. Publishing, the former owner of Barron's * ''Barr ...

'' * News Corp Australia, an Australian newspaper and magazine publisher, owns 65% of pay-TV provider Foxtel (which owns

Fox Sports Australia Fox Sports Australia Pty Limited (formerly Premier Media Group Pty Limited) is the division of Foxtel that owns and operates the Fox Sports television networks and digital properties in Australia. The group operates nine Fox Sports Channels as w ...

) and

*''

New York Post The ''New York Post'' (''NY Post'') is a conservative daily tabloid newspaper published in New York City. The ''Post'' also operates NYPost.com, the celebrity gossip site PageSix.com, and the entertainment site Decider.com. It was established ...

'', a daily newspaper in New York City acquired by Rupert Murdoch in 1976. *

, a major book trade publisher * Tremor International, a video advertising platform (6.91%).

References

External links

* {{DEFAULTSORT:News Corp (2013-present) 2013 establishments in New York City Mass media companies of the United States Publishing companies of the United States Companies based in Manhattan Conglomerate companies of the United States Mass media companies based in New York City Multinational companies based in New York City Publishing companies based in New York City Conglomerate companies established in 2013 Mass media companies established in 2013 Publishing companies established in 2013 American companies established in 2013 Companies listed on the Nasdaq Publicly traded companies based in New York City Newspaper companies of the United States Corporate spin-offs Re-established companies