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The original incarnation of News Corporation (abbreviated News Corp. and also variously known as News Corporation Limited) was an American multinational
mass media Mass media include the diverse arrays of media that reach a large audience via mass communication. Broadcast media transmit information electronically via media such as films, radio, recorded music, or television. Digital media comprises b ...
corporation founded and controlled by media mogul
Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian - American retired business magnate, investor, and media mogul. Through his company News Corp, he is the owner of hundreds of List of assets owned by News Corp, local, national, a ...
. Formerly incorporated in
Adelaide Adelaide ( , ; ) is the list of Australian capital cities, capital and most populous city of South Australia, as well as the list of cities in Australia by population, fifth-most populous city in Australia. The name "Adelaide" may refer to ei ...
,
South Australia South Australia (commonly abbreviated as SA) is a States and territories of Australia, state in the southern central part of Australia. With a total land area of , it is the fourth-largest of Australia's states and territories by area, which in ...
, the company was re-incorporated under
Delaware General Corporation Law The Delaware General Corporation Law (sometimes abbreviated DGCL), officially the General Corporation Law of the State of Delaware (Title 8, Chapter 1 of the Delaware Code), is the statute of the Delaware Code that governs corporate law in the U ...
following a successful shareholder vote on November 12, 2004; it had since been headquartered at
1211 Avenue of the Americas 1211 Avenue of the Americas, also known as the News Corp. Building, is an International Style skyscraper on Sixth Avenue in the Midtown Manhattan neighborhood of New York City. Formerly called the Celanese Building, it was completed in 1973 as p ...
in New York City. On June 28, 2012, after concerns from shareholders in response to its recent controversies and to "unlock even greater long-term shareholder value", Rupert Murdoch announced that News Corporation's assets would be restructured into two publicly traded companies, one oriented towards media, and the other towards publishing. The formal split was completed on June 28, 2013; the original News Corp. was renamed
21st Century Fox Twenty-First Century Fox, Inc., which did business as 21st Century Fox, was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was formed on June 28, 2013, as the legal successor ...
and consisted primarily of media outlets, while the second News Corporation was formed to take on the publishing and Australian broadcasting assets. Its major holdings at the time of the split were
News Limited News Corp Australia is an Australian media conglomerate and wholly owned subsidiary of News Corp. The group's interests span newspaper and magazine publishing, Internet, market research, DVD and film distribution, and film and television pr ...
(a group of newspaper publishers in Murdoch's native Australia),
News International News Corp UK & Ireland Limited (trading as News UK, formerly News International and NI Group) is a List of newspapers in the United Kingdom, British newspaper publisher, and a wholly owned subsidiary of the American mass media Conglomerate (c ...
(a newspaper publisher in the United Kingdom, whose properties include ''
The Times ''The Times'' is a British Newspaper#Daily, daily Newspaper#National, national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its modern name on 1 January 1788. ''The Times'' and its si ...
'', ''
The Sun The Sun is the star at the centre of the Solar System. It is a massive, nearly perfect sphere of hot Plasma (physics), plasma, heated to incandescence by nuclear fusion reactions in its core, radiating the energy from its surface mainly as ...
'', and the now-defunct ''
News of the World The ''News of the World'' was a weekly national "Tabloid journalism#Red tops, red top" Tabloid (newspaper format), tabloid newspaper published every Sunday in the United Kingdom from 1843 to 2011. It was at one time the world's highest-selling ...
'' (the subject of a phone hacking scandal that led to its closure in July 2011),
Dow Jones & Company Dow Jones & Company, Inc. (also known simply as Dow Jones) is an American publishing firm owned by News Corp, and led by CEO Almar Latour. The company publishes ''The Wall Street Journal'', '' Barron's'', '' MarketWatch'', ''Mansion Global'' ...
(an American publisher of financial news outlets, including ''
The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
''), the book publisher
HarperCollins HarperCollins Publishers LLC is a British–American publishing company that is considered to be one of the "Big Five (publishers), Big Five" English-language publishers, along with Penguin Random House, Hachette Book Group USA, Hachette, Macmi ...
, and the
Fox Entertainment Group The Fox Entertainment Group (FEG) was an American entertainment company specialized in film studio, filmed entertainment owned by 21st Century Fox. Following the acquisition of 21st Century Fox by Disney, the group's assets were dispersed to va ...
(the holding for the 20th Century Fox Film Corporation and the
Fox Broadcasting Company Fox Broadcasting Company, LLC (commonly known as Fox; stylized in all caps) is an Television in the United States, American commercial broadcasting, commercial broadcast television broadcaster, television network serving as the flagship proper ...
). Prior to its split, it was the world's largest media company in terms of total assets and the world's fourth largest media group in terms of revenue, dominating the news, television, film, and print industries.


History

News Corp was established in 1980 by
Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian - American retired business magnate, investor, and media mogul. Through his company News Corp, he is the owner of hundreds of List of assets owned by News Corp, local, national, a ...
as a
holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...
for
News Limited News Corp Australia is an Australian media conglomerate and wholly owned subsidiary of News Corp. The group's interests span newspaper and magazine publishing, Internet, market research, DVD and film distribution, and film and television pr ...
. News Limited was founded in 1923 in
Adelaide Adelaide ( , ; ) is the list of Australian capital cities, capital and most populous city of South Australia, as well as the list of cities in Australia by population, fifth-most populous city in Australia. The name "Adelaide" may refer to ei ...
by
James Edward Davidson James Edward Davidson (c. 20 December 1870 – 1 June 1930), known in journalistic circles as "J.E.D.", was an Australian journalist who rose through the ranks to become a newspaper owner, the founder of News Limited. History He was born a ...
, funded by the Collins House mining empire for the purpose of publishing anti-union propaganda; subsequently the controlling interest was bought by the
Herald & Weekly Times ''The Herald and Weekly Times'' Pty Ltd (HWT) is a newspaper publishing company based in Melbourne, Australia. It is owned and operated by News Pty Ltd, which as News Ltd, purchased the HWT in 1987. Newspapers The HWT's newspaper interests dat ...
. In 1949,
Keith Murdoch Sir Keith Arthur Murdoch (12 August 1885 – 4 October 1952) was an Australian journalist and media proprietor who was the founder of the Murdoch media empire. He amassed significant media holdings in Australia which after his death were expan ...
took control of Adelaide's afternoon tabloid ''The News''. When he died in 1952, his son Rupert inherited a controlling interest in '' The News''. News Limited operates today as News Corporation's Australian brand and includes ownership of ''
The Australian ''The Australian'', with its Saturday edition ''The Weekend Australian'', is a broadsheet daily newspaper published by News Corp Australia since 14 July 1964. As the only Australian daily newspaper distributed nationally, its readership of b ...
,'' operating out of
Surry Hills Surry Hills is an Eastern Suburbs (Sydney), inner-east suburb of Sydney, in the state of New South Wales, Australia. Surry Hills is immediately south-east of the Sydney central business district in the Local government in Australia, local gover ...
, in
Sydney Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...
.


Expansion into the United States

News Ltd. made its first acquisition in the United States in 1973, when it purchased the '' San Antonio Express and News'' (the two papers merged in 1984). Soon afterwards it founded the '' National Star'', a
supermarket tabloid Tabloid journalism is a popular style of largely sensationalist journalism, which takes its name from the tabloid newspaper format: a small-sized newspaper also known as a half broadsheet. The size became associated with sensationalism, an ...
, and in 1976 it purchased the ''
New York Post The ''New York Post'' (''NY Post'') is an American Conservatism in the United States, conservative daily Tabloid (newspaper format), tabloid newspaper published in New York City. The ''Post'' also operates three online sites: NYPost. ...
'' from
Dorothy Schiff Dorothy Schiff (March 11, 1903 – August 30, 1989) was an American businesswoman who was the owner and then publisher of the ''New York Post'' for nearly 40 years. She was a granddaughter of financier Jacob Schiff. Schiff was interested in soc ...
for $31 million. In 1984, News Corp acquired the ''
Chicago Sun-Times The ''Chicago Sun-Times'' is a daily nonprofit newspaper published in Chicago, Illinois, United States. Since 2022, it is the flagship paper of Chicago Public Media, and has long held the second largest circulation among Chicago newspaper ...
'' from
Field Enterprises Field Enterprises, Inc. was a private holding company that operated from the 1940s to the 1980s, founded by Marshall Field III and others, whose main assets were the '' Chicago Sun'' and '' Parade'' magazine. For various periods of time, Field En ...
(later sold in 1986 to the
American Publishing Company Sun-Times Media Group (formerly Hollinger International) was a Chicago-based newspaper holding company. The company formerly owned the ''Chicago Sun-Times'' until its acquisition by ownership group ST Acquisition Holdings in 2017. History Sun- ...
subsidiary of Canada-based Hollinger) for $90 million and ''Travel Weekly'' and other trade magazines from
Ziff Davis Ziff Davis, Inc. is an American digital media and internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related servi ...
. In March 1985, News Corp bought a 50% stake in TCF Holdings, the holding company of the movie studio
20th Century Fox 20th Century Studios, Inc., formerly 20th Century Fox, is an American film studio, film production and Film distributor, distribution company owned by the Walt Disney Studios (division), Walt Disney Studios, the film studios division of the ...
from Marc Rich for $162 million, and later acquired the remaining stake from
Marvin Davis Marvin H. Davis (August 31, 1925 – September 25, 2004) was an American industrialist. He made his fortunes as the chair of Davis Petroleum and at one time owned 20th Century Fox, the Pebble Beach Corporation, the Beverly Hills Hotel, and the ...
in September for $325 million. Two months after the acquisition of the 50% stake in TCF Holdings, on May 6, 1985, News Corp announced it was buying the
Metromedia Metromedia, Inc. (also often MetroMedia) was an American media company that owned radio station, radio and television stations in the United States from 1956 to 1986 and controlled Orion Pictures from 1988 to 1997. Metromedia was established in ...
television stations and its syndication arm Metromedia Producers Corporation from
John Kluge John Werner Kluge (; September 21, 1914September 7, 2010) was a German-American entrepreneur who became a television industry mogul in the United States. At one time he was the richest person in the U.S. Early life and education Kluge was b ...
for $3.5 billion, setting the stage for the launch of a fourth U.S.
commercial broadcasting Commercial broadcasting (also called private broadcasting) is the broadcasting of television programs and radio programming by privately owned corporate media, as opposed to state sponsorship, for example. It was the United States' first model ...
television network. On September 4, 1985, Murdoch became a
naturalized citizen Naturalization (or naturalisation) is the legal act or process by which a non-national of a country acquires the nationality of that country after birth. The definition of naturalization by the International Organization for Migration of the ...
to satisfy the legal requirement that only United States citizens could own American television stations. In 1986, the Metromedia deal was completed, and the
Fox Broadcasting Company Fox Broadcasting Company, LLC (commonly known as Fox; stylized in all caps) is an Television in the United States, American commercial broadcasting, commercial broadcast television broadcaster, television network serving as the flagship proper ...
, simply known as Fox, launched on October 9, with
Joan Rivers Joan Alexandra Molinsky (June 8, 1933 – September 4, 2014), known professionally as Joan Rivers, was an American comedienne, actress, producer, writer and television host. She was noted for her blunt, often controversial comedic persona that w ...
' '' The Late Show'' as its late-night program, it would later air prime-time programming starting in April 1987.


Expansion and consolidation

In 1986 and 1987, News Corp (through subsidiary
News International News Corp UK & Ireland Limited (trading as News UK, formerly News International and NI Group) is a List of newspapers in the United Kingdom, British newspaper publisher, and a wholly owned subsidiary of the American mass media Conglomerate (c ...
) moved to adjust the production process of its British newspapers, over which the printing unions had long dominated.Revolution on Fleet Street
''
Time Time is the continuous progression of existence that occurs in an apparently irreversible process, irreversible succession from the past, through the present, and into the future. It is a component quantity of various measurements used to sequ ...
'', August 21, 1996.
A number of senior Australian media moguls were brought into Murdoch's powerhouse, including John Dux, who was managing director of the ''
South China Morning Post The ''South China Morning Post'' (''SCMP''), with its Sunday edition, the ''Sunday Morning Post'', is a Hong Kong-based English-language newspaper owned by Alibaba Group. Founded in 1903 by Tse Tsan-tai and Alfred Cunningham, it has remaine ...
''. This led to a confrontation with the printing unions
National Graphical Association The National Graphical Association (NGA) was a trade union representing typographers and related workers in the United Kingdom. History The union was formed in 1964 by the merger of two long-term rival unions, the Typographical Association an ...
and
Society of Graphical and Allied Trades The Society of Graphical and Allied Trades (SOGAT) was a British trade union in the printing industry. History SOGAT was formed in 1966 by the National Union of Printing, Bookbinding and Paper Workers and the National Society of Operative Pr ...
. The move of News International's London operation to
Wapping Wapping () is an area in the borough of Tower Hamlets in London, England. It is in East London and part of the East End. Wapping is on the north bank of the River Thames between Tower Bridge to the west, and Shadwell to the east. This posit ...
in the East End resulted in nightly battles outside the new plant. Delivery vans and depots were frequently and violently attacked. Ultimately the unions capitulated. In 1987, News Corp acquired the book publisher
Harper and Row Harper is an American publishing house, the flagship imprint of global publisher HarperCollins, based in New York City. Founded in New York in 1817 by James Harper and his brother John, the company operated as J. & J. Harper until 1833, when ...
for $300 million, and later acquired the British book publisher
William Collins, Sons William Collins, Sons & Co., often referred to as Collins, was a Scotland, Scottish printing and publishing company founded by a Presbyterianism, Presbyterian schoolmaster, William Collins (publisher), William Collins, in Glasgow in 1819, in par ...
in 1989 for $721 million, who later merged with Harper to form
HarperCollins HarperCollins Publishers LLC is a British–American publishing company that is considered to be one of the "Big Five (publishers), Big Five" English-language publishers, along with Penguin Random House, Hachette Book Group USA, Hachette, Macmi ...
that same year. In 1988, News Corp acquired the Philadelphia-based
Triangle Publications Triangle Publications Inc. was an American media group based first in Philadelphia, and later in Radnor, Pennsylvania. It was a privately held corporation, with the majority of its stock owned by Walter Annenberg and his sisters. Its holdings ...
, publisher of the magazines ''
TV Guide TV Guide is an American digital media In mass communication, digital media is any media (communication), communication media that operates in conjunction with various encoded machine-readable data formats. Digital content can be created, vi ...
'', '' Seventeen'', and the ''
Daily Racing Form The ''Daily Racing Form'' (DRF) (referred to as the ''Racing Form'' or "Form" and sometimes "telegraph" or "telly") is a tabloid newspaper founded in 1894 in Chicago, Illinois, by Frank Brunell. The paper publishes the past performances of rac ...
'' for $3 billion. To raise money, the trade publications were sold to
Reed International RELX plc (pronounced "Rel-ex") is a British multinational information and analytics company headquartered in London, England. Its businesses provide scientific, technical and medical information and analytics; legal information and analytics; ...
. By 1992, News Corp had incurred large debts, which forced it to sell many of the American magazine interests it had acquired in the mid-1980s to K-III Communications, as well spinning off long-held Australian magazines interests as
Pacific Magazines Pacific Magazines was a magazine publisher operating in Australia owned by Seven West Media. In March 2020, it was acquired by Are Media, Bauer Media Australia in April 2020. In June 2020, Mercury Capital acquired Pacific Magazines as part of i ...
. Much of this debt came from its stake in the Sky Television satellite network in the UK, which incurred massive losses in its early years of operation, which (like many of its business interests) was heavily subsidised with profits from its other holdings until it was able to force rival satellite operator BSB to accept a merger on its terms in 1990. (The merged company,
BSkyB Sky UK Limited (formerly British Sky Broadcasting Limited (BSkyB)), trading as Sky, is a British broadcaster and telecommunications company that provides television, broadband internet, fixed line and mobile telephone services to consumers ...
, has dominated the British pay-TV market since.) In 1993, News Corp acquired a 63.6% stake of the Hong Kong-based STAR TV satellite network from Pearson for over $500 million, followed by the purchase of the remaining 36.4% in July 1995. Murdoch declared that: In 1995, the Fox network became the object of scrutiny from the
Federal Communications Commission The Federal Communications Commission (FCC) is an independent agency of the United States government that regulates communications by radio, television, wire, internet, wi-fi, satellite, and cable across the United States. The FCC maintains j ...
(FCC) when it was alleged that its Australian base made Murdoch's ownership of Fox illegal. The FCC, however, ruled in Murdoch's favor, stating that his ownership of Fox was in the public's best interests. It was also noted that the stations themselves were owned by a separate company whose chief shareholder was a U.S. citizen, Murdoch, although nearly all of the stations' equity was controlled by News Corp. In the same year, News Corporation announced a deal with
MCI Communications MCI Communications Corporation (originally Microwave Communications, Inc.) was an American telecommunications company headquartered in Washington, D.C. that was at one point the second-largest long-distance provider in the United States. ...
to develop a major news website as well as funding a conservative news magazine, ''
The Weekly Standard ''The Weekly Standard'' was an American neoconservative political magazine of news, analysis, and commentary that was published 48 times per year. Originally edited by founders Bill Kristol and Fred Barnes, the ''Standard'' was described as a ...
''. In the same year, News Corp launched the
Foxtel NXE Australia Pty Ltd, trading as the Foxtel Group, is an Australian pay television company that operates cable television, direct-broadcast satellite, direct broadcast satellite television, and IPTV streaming services. It was formed in April ...
pay television network in Australia in a partnership with
Telstra Telstra Group Limited is an Australian telecommunications company that builds and operates telecommunications networks and markets related products and services. It is a member of the S&P/ASX 20 stock index, and is Australia's largest telecomm ...
and
Publishing & Broadcasting Limited Publishing and Broadcasting Limited (PBL) was one of Australia's largest corporations. With interests primarily in media and gambling, for the entirety of its existence it was largely controlled by the Packer family. History Predecessors PB ...
. On July 17, 1996, News Corporation announced that it would acquire television production and broadcasting company
New World Communications New World Pictures (also known as New World Entertainment, New World Communications Group, Inc., and New World International) was an American independent production, distribution, and (in its final years as an autonomous entity) multimedia comp ...
(who acquired a 20% stake in 1994 for $200 million), for $2.48 billion in stock and was completed on January 22, 1997. On October 7, 1996, the Fox Entertainment Group launched the
Fox News Channel The Fox News Channel (FNC), commonly known as Fox News, is an American multinational conservative news and political commentary television channel and website based in New York City, U.S. It is owned by Fox News Media, which itself is ow ...
, a 24-hour
cable news Cable news channels are television networks devoted to television news broadcasts, with the name deriving from the proliferation of such networks during the 1980s with the advent of cable television. In the United States, the first nationwide ca ...
network to compete against
Time Warner Warner Media, LLC ( doing business as WarnerMedia) was an American multinational mass media and entertainment conglomerate owned by AT&T. It was headquartered at the 30 Hudson Yards complex in New York City. It was established as Time Warne ...
's rival channel
CNN Cable News Network (CNN) is a multinational news organization operating, most notably, a website and a TV channel headquartered in Atlanta. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable ne ...
. In 1999, News Corporation significantly expanded its music holdings in Australia by acquiring the controlling share in a leading Australian-based label,
Michael Gudinski Michael Solomon Gudinski AM (22 August 1952 – 2 March 2021) was an Australian record executive and promoter who was a leading figure in the Australian music industry. Born and raised in Melbourne, Gudinski formed the highly successful Austr ...
's
Mushroom Records Mushroom Records was an Australian flagship record label, founded in 1972 in Melbourne. It published and distributed many successful Australian artists and expanded internationally, until it was merged with Festival Records in 1998. Festival ...
, merging it with already held
Festival Records Festival Records, later known as Festival Mushroom Records, was an Australian recording and publishing company founded in Sydney, Australia, in 1952 and operated until 2005. Festival was a subsidiary of News Limited from 1961 to 2005. The com ...
to create Festival Mushroom Records (FMR). Both Festival and FMR were managed by Rupert Murdoch's son
James Murdoch James Rupert Jacob Murdoch (born 13 December 1972) is an American - British businessman. He is the younger son of media mogul Rupert Murdoch and the former chief executive officer (CEO) of 21st Century Fox from 2015 to 2019. He was the chairma ...
for several years. Also mid 1999, ''
The Economist ''The Economist'' is a British newspaper published weekly in printed magazine format and daily on Electronic publishing, digital platforms. It publishes stories on topics that include economics, business, geopolitics, technology and culture. M ...
'' reported that News Corp paid comparatively lower taxes, and Newscorp Investments specifically had made £11.4 billion ($20.1 billion) in profits over the previous 11 years but had not paid net corporation tax. It also reported that after an examination of the available accounts, Newscorp could normally have been expected to pay corporate tax of approximately $350 million. The article explained that in practice, the corporation's complex structure, international scope, and use of offshore
tax havens A tax haven is a term, often used pejoratively, to describe a place with very low tax rates for non-domiciled investors, even if the official rates may be higher. In some older definitions, a tax haven also offers financial secrecy. However, ...
allowed News Corporation to pay minimal taxes.


Further development

In late 2003, News Corp acquired a 34% stake in
Hughes Electronics Hughes Electronics Corporation was formed in 1985, when Hughes Aircraft was sold by the Howard Hughes Medical Institute to General Motors for $5.2 billion. Surviving parts of Hughes Electronics are today known as DirecTV Group, while the automoti ...
(now
DirecTV Group DirecTV, LLC is an American multichannel video programming distributor based in El Segundo, California. Originally launched on June 17, 1994, its primary service is a digital satellite service serving the United States. It also provides tradit ...
), operator of the largest American satellite TV system, from
General Motors General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...
for US$6 billion. DirecTV was sold to
Liberty Media Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company founded by John C. Malone in 1991. The company has three divisions, reflecting its ownership stakes in the Formula One Group, S ...
in 2008 in exchange for its stake in News Corporation. In January 2005, shortly after reincorporation in the United States, News Corporation announced that it was buying out
Fox Entertainment Group The Fox Entertainment Group (FEG) was an American entertainment company specialized in film studio, filmed entertainment owned by 21st Century Fox. Following the acquisition of 21st Century Fox by Disney, the group's assets were dispersed to va ...
. The manoeuvre delisted Fox from the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
; Fox had traded on the NYSE under the ticker FOX. In 2004, Murdoch set aside $2 billion and handpicked a team of young executives to look at possible ways to use the Web as a distribution platform. That team was composed of four rising stars: Ross Levinsohn, Adam Bain, Travis Katz, and Michael Kirby. The four became the backbone of what would become News Corp's digital division, Fox Interactive Media. Shortly after, in July 2005, News Corporation purchased the social networking website
Myspace Myspace (formerly stylized as MySpace, currently myspace; and sometimes my␣, with an elongated Whitespace character#Substitute images, open box symbol) is a social networking service based in the United States. Launched on August 1, 2003, it w ...
for $580 million. News Corporation had beat out
Viacom Viacom, an abbreviation of Video and Audio Communications, may refer to: * Viacom (1952–2005), a former American media conglomerate * Viacom (2005–2019), a former company spun off from the original Viacom * Viacom18, a joint venture between Pa ...
by offering a higher price for the website, and the purchase was seen as a good investment at the time. Of the $580 million purchase price, approximately $327 million has been attributed to the value of Myspace according to the financial adviser
fairness opinion A fairness opinion is a professional evaluation by an investment bank or other third party as to whether the terms of a merger, acquisition, buyback, spin-off, or privatization are fair. It is rendered for a fee. They are typically issued wh ...
. Within a year, Myspace had tripled in value from its purchase price. In February 2007, Murdoch announced at the McGraw-Hill Media Summit that the Fox Entertainment Group would launch a new business news channel later in the year, which would compete directly against rival network
CNBC CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...
. Murdoch explained that the channel would be more "business-friendly" than CNBC, because he felt that they "leap on every scandal, or what they think is a scandal." In July 2007, News Corp. reached a deal to acquire
Dow Jones & Company Dow Jones & Company, Inc. (also known simply as Dow Jones) is an American publishing firm owned by News Corp, and led by CEO Almar Latour. The company publishes ''The Wall Street Journal'', '' Barron's'', '' MarketWatch'', ''Mansion Global'' ...
, owners of ''
The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'', for $5 billion. Despite CNBC already having a contract with Dow Jones to provide content and services to the network, the Fox Entertainment Group officially launched the
Fox Business Network Fox Business (officially known as Fox Business Network, or FBN) is an American conservative business news channel and website publication owned by the Fox News Media division of Fox Corporation. The channel broadcasts primarily from studios ...
on October 15, 2007. Alexis Glick, the network's original morning show host and vice president of business news, indicated that its lawyers had reviewed the details of Dow Jones' contract with CNBC, but noted that it would still "actively use" other Dow Jones properties. On December 16, 2008, News Corporation announced that it would transfer its US shares from the NYSE to the
NASDAQ The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...
which was made effective two weeks later. In September 2009, News Corp established NewsCore, a global wire service set up to provide news stories to all of News Corp's journalistic outlets. In April 2010, News Corporation sold Bulgarian broadcaster bTV, which it launched on 1 June 2000, as part of a deal to
Central European Media Enterprises Central European Media Enterprises Ltd. (CME) is a media and entertainment company that operates television channels in seven geographic areas: Bulgaria, Croatia, Czech Republic, Romania and Moldova, Slovakia, and Slovenia. Until its acquisitio ...
(CME) for $400 million in addition to another $13 million for working capital adjustment. The deal included cable channels
bTV Comedy bTV Comedy is a Bulgarian family-based television channel, airing mostly comedy series. It is part of bTV Media Group, owned by Central European Media Enterprises. Originally launched in 1997 as Television Triada - a news channel airing CNN E ...
and
Btv Cinema BTV may refer to: Television channels, stations and networks Bangladesh * Bangladesh Television, a state-owned TV broadcaster in Bangladesh and country's oldest television network Botswana * Botswana Television, national broadcaster in Botswana * ...
and News Corporation's 74% stake in Radio Company CJ which included five radio stations. In September 2010, due to the Fijian government's requirement that the country's media outlet must be 90% owned by Fiji Nationals, News Corporation sold 90% of their stake in their Fijian newspapers (''
Fiji Times ''The Fiji Times'' is a daily English-language newspaper published in Suva, Fiji. Established in Levuka on 4 September 1869 by George Littleton Griffiths, it is Fiji's oldest newspaper still operating. ''The Fiji Times'' is owned by Motibhai Gr ...
'', ''Nai Lalakai'', and ''
Shanti Dut ''Shanti Dut'' (Peaceful Messenger) is a Hindi language newspaper published weekly in Suva, Fiji and is owned by Mahendra Motibhai Patel. It is one of the oldest non-English language newspapers owned by the corporation having started in 1935. Its ...
'') to Motibhai Group of Companies. In November 2010, News Corp purchased education technology and student progress tracking company Wireless Generation for $360 million. The company was the NY City Education Department's partner for its School of One pilot program (now Teach to One). In late February 2011, News Corp officially put the now-struggling Myspace up for sale, which was estimated to be worth $50–200 million. Losses from the last quarter of 2010 were $156 million, over double of the previous year, which dragged down the otherwise strong results of parent News Corp. Its struggles were attributed to the growth of the competing social network
Facebook Facebook is a social media and social networking service owned by the American technology conglomerate Meta Platforms, Meta. Created in 2004 by Mark Zuckerberg with four other Harvard College students and roommates, Eduardo Saverin, Andre ...
. The deadline for bids, May 31, 2011, passed without any above the reserve price of $100 million being submitted. The rapid deterioration in Myspace's business during the most recent quarter had deterred many potent suitors. Later in June, Specific Media and pop singer
Justin Timberlake Justin Randall Timberlake (born January 31, 1981) is an American singer, songwriter, actor, record producer, and dancer. Dubbed the "Honorific nicknames in popular music, Prince of Pop", ''Billboard (magazine), Billboard'' honored him as the b ...
bought the site for $35 million, which CNN reported noted was "far less than the $580 million News Corp. paid for Myspace in 2005." Murdoch went on to call the Myspace purchase a "huge mistake". On July 13, 2011, Rupert Murdoch announced that the company would withdraw its takeover bid for
BSkyB Sky UK Limited (formerly British Sky Broadcasting Limited (BSkyB)), trading as Sky, is a British broadcaster and telecommunications company that provides television, broadband internet, fixed line and mobile telephone services to consumers ...
due to concerns relating to the ''News of the World'' scandal. News Corporation already owned, and continues to own, 39.1% of BSkyB. On June 6, 2012, News Corporation announced that it would buy out
ESPN Inc. ESPN Inc. is an American multinational sports media conglomerate majority-owned by the Walt Disney Company, with Hearst Communications as an equity stakeholder. Founded by Bill Rasmussen in 1979, it owns and operates local and global cable and ...
's stake in
ESPN Star Sports Fox Sports Asia (formerly ESPN Star Sports) was a pan-Asian pay television network broadcasting in Asia, operated by Fox Networks Group Asia Pacific, a subsidiary of The Walt Disney Company (Southeast Asia) Pte. Ltd. It also oversaw a version o ...
to gain full control over the Asia-Pacific sports network. On November 20, 2012, News Corporation announced that it would acquire a 49% stake in the
regional sports network A regional sports network (RSN) in the United States and Canada is a television channel that presents sports programming to a local media market or geographical region. Such channels often focus on one or a few teams who currently play in Major L ...
YES Network The Yankee Entertainment and Sports Network (YES) is an American pay television regional sports network owned by Yankee Global Enterprises (the largest shareholder with 26%), Main Street Sports Group (which owns 20%), Amazon (which owns 15% ...
, owned by the
Major League Baseball Major League Baseball (MLB) is a professional baseball league composed of 30 teams, divided equally between the National League (baseball), National League (NL) and the American League (AL), with 29 in the United States and 1 in Canada. MLB i ...
team
New York Yankees The New York Yankees are an American professional baseball team based in the Boroughs of New York City, New York City borough of the Bronx. The Yankees compete in Major League Baseball (MLB) as a member club of the American League (AL) Am ...
. In January 2013, News Corp. attained 54.5% majority control of
Sky Deutschland Sky Deutschland GmbH, branded as Sky, is a German media company that operates a direct broadcast satellite Pay TV platform in Germany, Austria and Switzerland (through Sky Switzerland). It provides a collection of basic and premium digital su ...
. On February 4, 2013, News Corporation announced the sale of
IGN ''IGN'' is an American video gaming and entertainment media website operated by IGN Entertainment Inc., a subsidiary of Ziff Davis, Inc. The company's headquarters is located in San Francisco's SoMa district and is headed by its former e ...
and its related properties to the publishing company
Ziff Davis Ziff Davis, Inc. is an American digital media and internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related servi ...
. News Corp. had planned to spin off IGN as an independent company, but failed to do so.


Scandals

In July 2011, News Corp closed down the ''
News of the World The ''News of the World'' was a weekly national "Tabloid journalism#Red tops, red top" Tabloid (newspaper format), tabloid newspaper published every Sunday in the United Kingdom from 1843 to 2011. It was at one time the world's highest-selling ...
'' newspaper in the United Kingdom due to allegations of phone hackings. The allegations include trying to access former Prime Minister
Gordon Brown James Gordon Brown (born 20 February 1951) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. Previously, he was Chancellor of the Ex ...
's voice mail, and obtain information from his bank accounts, family's medical records, and private legal files. Allegations of hacking have also been brought up in relation to former Prime Minister
Tony Blair Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party (UK), Leader of the Labour Party from 1994 to 2007. He was Leader ...
, and the
Royal Family A royal family is the immediate family of monarchs and sometimes their extended family. The term imperial family appropriately describes the family of an emperor or empress, and the term papal family describes the family of a pope, while th ...
. Other allegations put out by ''
The Guardian ''The Guardian'' is a British daily newspaper. It was founded in Manchester in 1821 as ''The Manchester Guardian'' and changed its name in 1959, followed by a move to London. Along with its sister paper, ''The Guardian Weekly'', ''The Guardi ...
'' newspaper include the exploitation, with intent to gain access to or use private information, of a list of 4,332 names or partial names, 2,987 mobile phone numbers, 30 audio tapes of varying length and 91 PIN codes, of a kind required to access the voicemail of the minority of targets who change the factory settings on their mobile phones. The names are said to include those of British victims of September 11, 2001 terror attacks, family members of victims of the "7/7" bombings on London's transit system, family members of British troops killed overseas, Milly Dowler, a 13-year-old missing British schoolgirl who was later found dead in 2002, actor
Hugh Grant Hugh John Mungo Grant (born 9 September 1960) is an English actor. He established himself early in his career as a charming and vulnerable romantic leading man, and has since transitioned into a character actor. He has received List of awards ...
and a lawyer representing the family of
Princess Diana Diana, Princess of Wales (born Diana Frances Spencer; 1 July 1961 – 31 August 1997), was a member of the British royal family. She was the first wife of Charles III (then Prince of Wales) and mother of Princes William ...
's lover at the inquest into her death. On July 13, 2011, News Corp withdrew its bid to purchase the final 61% stake in
BSkyB Sky UK Limited (formerly British Sky Broadcasting Limited (BSkyB)), trading as Sky, is a British broadcaster and telecommunications company that provides television, broadband internet, fixed line and mobile telephone services to consumers ...
after pressure from both the Labour and Conservative Parties in Parliament. Allegations about the violation of ethical standards by the News Corporation subsidiary ''News of the World'' have been speculatively applied to News Corporation holdings in the United States. Senator John Rockefeller (D-WV) stated on July 12, 2011, that there should be a government investigation into News Corporation "to ensure that Americans have not had their privacy violated." His statement was echoed on Wednesday by Sen. Robert Menendez (D-NJ), who specifically requested an investigation into 9/11 victims, as well as Sen.
Frank Lautenberg Frank Raleigh Lautenberg (; January 23, 1924 June 3, 2013) was an American businessman and Democratic Party politician who served as United States Senator from New Jersey from 1982 to 2001, and again from 2003 until his death in 2013. He was ori ...
(D-NJ) who encouraged an investigation by the Securities and Exchange Commission. On July 13, 2011, Representative Peter King (R-NY) wrote a letter to the FBI requesting an investigation into News Corporation's ethical practices, and on July 14, the FBI opened a probe into the hacking of 9/11 victims. Les Hinton, chief executive of the media group's Dow Jones, resigned on July 15, saying, "I have seen hundreds of news reports of both actual and alleged misconduct during the time I was executive chairman of News International and responsible for the company. The pain caused to innocent people is unimaginable. That I was ignorant of what apparently happened is irrelevant and in the circumstances I feel it is proper for me to resign from News Corp, and apologize to those hurt by the actions of the News of the World." In 2012, following a BBC ''Panorama'' report, allegations were made that News Corp subsidiary
NDS Group NDS may stand for: Places * Lower Saxony (), a federal state of Germany * Norra Djurgårdsstaden, a neighborhood in Stockholm Groups, organizations * National Directorate of Security, the primary foreign and domestic intelligence agency of Afghan ...
had used hackers to undermine pay TV rivals around the world. Some of the victims of the alleged hacking, such as
Austar Austar was an Australian telecommunications company founded in 1995 as Community Entertainment Television (CETV). Its main business activity was subscription television. It was also involved with internet access and mobile phones. Austar's tel ...
, were later taken over by News Corp and others such as Ondigital later went bust. NDS had originally been set up to provide security to News Corp's pay TV interests but emails obtained by
Fairfax Media Fairfax Media was a media (communication), media company in Australia and New Zealand, with investments in newspaper, magazines, radio and digital properties. The company was founded by John Fairfax as John Fairfax and Sons, who purchased ''The ...
revealed they had also pursued a wider agenda by distributing the keys to rival set-top box operators and seeking to obtain phone records of suspected rivals. The emails were from the hard drive of NDS European chief Ray Adams. In 2012, it was also revealed that Australian Federal police were working with UK police to investigate hacking by News Corp.


Split and reorganization

On June 28, 2012, Rupert Murdoch announced that, after concerns from shareholders in response to the recent scandals and to "unlock even greater long-term shareholder value", News Corporation's assets would be restructured into two publicly traded companies, one oriented towards media, and the other towards publishing. News Corp's publishing operations were spun out into a new News Corporation with
Robert James Thomson Robert James Dell’Oro 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 ...
, editor of ''
The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'', as CEO. The original News Corporation, which retained most of its media properties (such as the
Fox Entertainment Group The Fox Entertainment Group (FEG) was an American entertainment company specialized in film studio, filmed entertainment owned by 21st Century Fox. Following the acquisition of 21st Century Fox by Disney, the group's assets were dispersed to va ...
and
20th Century Fox 20th Century Studios, Inc., formerly 20th Century Fox, is an American film studio, film production and Film distributor, distribution company owned by the Walt Disney Studios (division), Walt Disney Studios, the film studios division of the ...
) and Murdoch as CEO, was renamed
21st Century Fox Twenty-First Century Fox, Inc., which did business as 21st Century Fox, was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was formed on June 28, 2013, as the legal successor ...
. Murdoch remained chairman for both companies. Shareholders approved the split on June 11, 2013. On June 19, 2013, preliminary trading for the new News Corporation on the Australian Securities Exchange commenced in preparation for the formal split that was finalized on June 28, 2013. Shareholders received one share of new News Corp for every four shares they owned of the old News Corp. The two new companies began trading on the Nasdaq on July 1, 2013. In early 2014, 21st Century Fox entered talks for a possible merger with WarnerMedia, Time Warner before abandoning efforts on August 5, 2014. In 2015, 21st Century Fox and National Geographic Society formed a joint venture group to control National Geographic's media properties, with 21CF retaining a 73% stake in the company's media assets In 2017, after months of speculation, Disney announced Acquisition of 21st Century Fox by Disney, its intent to acquire 21st Century Fox. Comcast and Disney engaged in a contested bidding war to acquire the media conglomerate, but Comcast eventually rescinded efforts to acquire 21st Century Fox after 21CF agreed to Disney's US$71.3 billion offer. With the acquisition set to complete by March 20, 2019, 21st Century Fox and Comcast engaged in a bidding war over Sky Group, Sky. While Comcast was unsuccessful in outbidding Disney to acquire 21CF, it acquired Sky in 2018, with 21CF having sold their stake of Sky to Comcast. On March 19, 2019, the broadcasting, sports, and news assets of 21CF were spun off to Fox Corporation, a separate company, on March 19, 2019, to avoid anti-trust issues for Disney. 21CF's remaining media assets was acquired by Disney on March 20, 2019, and assets with the "Fox" branding were renamed to avoid confusion with Fox Corporation. With Disney having acquired 21st Century Fox, News Corporation's direct successor ceased existence as an entity, and much of its former assets are now controlled by Disney, News. Corp, and Fox Corp. Attempts for a re-merger between News Corp and Fox Corp were explored in 2022. Had it been successful, News Corp and Fox would have been under the same corporate umbrella for the first time since 2013, but efforts were quickly abandoned in 2023.


Corporate affairs


Business trends

The key trends for News Corporation are (as of the financial year ending June 30):


Shareholders

*In August 2005, the Murdoch family owned only about 29% of the company of which as of June 2013 had been diluted to around 17%. However, nearly all of these shares were voting shares which currently stand at 39% of the total voting shares, and Rupert Murdoch retained effective control of the company. Nonetheless, John Malone of
Liberty Media Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company founded by John C. Malone in 1991. The company has three divisions, reflecting its ownership stakes in the Formula One Group, S ...
had built up a large stake, with about half of the shares being voting shares. Therefore, in November 2006, News Corporation announced its intention to transfer its 38.5% interest in
DirecTV Group DirecTV, LLC is an American multichannel video programming distributor based in El Segundo, California. Originally launched on June 17, 1994, its primary service is a digital satellite service serving the United States. It also provides tradit ...
to John Malone's Liberty Media; in return it bought back Liberty's 16.3% stake in News Corp., giving Murdoch tighter control of the latter firm. Murdoch sold 17.5 million class A shares in December 2007. *Another major stakeholder has been Al-Waleed bin Talal, of the Saudi Royal Family. In 1997, ''
Time Time is the continuous progression of existence that occurs in an apparently irreversible process, irreversible succession from the past, through the present, and into the future. It is a component quantity of various measurements used to sequ ...
'' reported that Al-Waleed owned about five percent of News Corporation. In 2010, Alwaleed's stake in News Corp. was about 7 percent, amounting to $3 billion. In 2013, News Corp. had a $175 million (19 percent) investment in Al-Waleed's Rotana Group, the Arab world's largest entertainment company.Gustin, Sam (August 16, 2010)
"News Corp., the Saudi Prince and the 'Ground Zero Mosque'"
''Daily Finance'' (AOL), via Rich, Frank (August 21, 2010

''The New York Times'', p. WK8 NY ed.. Retrieved August 22, 2010.
Al-Waleed sold all his shares in November 2017


Annual conference

News Corporation organized an annual management conference, discussing media issues related to geopolitics. Attendees included News Corporation executives, senior journalists, politicians and celebrities. Previous events were in Cancún, Mexico, and the Hayman Island off the coast of Australia. The events were private and secretive, there are no records available for the agenda or talks given at the conferences, and no uninvited journalists are permitted access. The 2006 event in Pebble Beach, California, Pebble Beach, California was led by
Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian - American retired business magnate, investor, and media mogul. Through his company News Corp, he is the owner of hundreds of List of assets owned by News Corp, local, national, a ...
. According to a copy of the agenda leaked to the ''Los Angeles Times'' and other media accounts, issues discussed related from Europe to broadcasting and new media, terrorism to the national policy. The event included speeches from Murdoch, Actor and former governor of California Arnold Schwarzenegger, former British Prime Minister
Tony Blair Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party (UK), Leader of the Labour Party from 1994 to 2007. He was Leader ...
, Bono, Al Gore, Senator John McCain and Bill Clinton while Israel's President, Shimon Peres, appeared on a panel named "Islam and the West". Other notable attendees included Newt Gingrich and Nicole Kidman.


Corporate governance

The company's Board of Directors consisted of 17 individuals at the time of its break up: *
Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian - American retired business magnate, investor, and media mogul. Through his company News Corp, he is the owner of hundreds of List of assets owned by News Corp, local, national, a ...
(Chairman of the Board and Chief Executive Officer) *José María Aznar (Former Prime Minister of Spain) *Natalie Bancroft (Director) *Peter Barnes (entrepreneur), Peter Barnes *Jim Breyer, James W. Breyer *Chase Carey (President and Chief Operating Officer) *Elaine Chao *David DeVoe, David F. DeVoe (Chief Financial Officer) *Viet Dinh *Rod Eddington, Sir Roderick Ian Eddington *Joel Klein, Joel I. Klein (Executive Vice President) *James Murdoch (media executive), James Murdoch (Chairman & Chief Executive Officer, Europe & Asia) *Lachlan Murdoch *Álvaro Uribe (Former President of Colombia) *Stanley S. Shuman (Director Emeritus) *Arthur Siskind, Arthur M. Siskind (Director Emeritus, Senior Advisor to the Chairman) *Daniel Suárez García (Chairman and CEO, Latin America)Political donations In anticipation of United States elections, 2010, US midterm elections, News Corporation donated $1 million to the Republican Governors Association in June 2010. The move was criticized by Democrats, who said this was evidence of News Corporation's news outlets conservative leanings (see Fox News Channel controversies). The Democratic Governors Association also criticized the donation and demanded more transparency in the reporting by News Corporation companies. DGA head Nathan Daschle wrote to the chairman of News Corporation company Fox News Channel, Fox News, Roger Ailes: "In the interest of some Fair and balanced, fairness and balance, I request that you add a formal disclaimer to your coverage any time any of your programs covers governors or gubernatorial races between now and election day." Around the same time, News Corporation also donated $1 million to the United States Chamber of Commerce. The Chamber aggressively supported the Republican effort to retake Congress in 2010. This donation and an earlier $1 million contribution that News Corporation made to the Republican Governor's Association led media critics to question whether the company had crossed an ethical line for a media company.


Final holdings

News Corporation split up to
21st Century Fox Twenty-First Century Fox, Inc., which did business as 21st Century Fox, was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was formed on June 28, 2013, as the legal successor ...
and News Corp, the current incarnation of News Corporation on June 28, 2013. All media and broadcasting assets, except media assets owned by News Limited, now belong to Fox Corporation, the legal successor to News Corporation (and 21st Century Fox). Meanwhile, newspapers and other publishing assets, including media assets under News Limited, were Corporate spin-off, spun off and belong to News Corp.


Music and radio

*Fox Film Music Group *Fox News Radio


Sport

*Majority ownership of the Brisbane Broncos (68.9%) and full ownership of the Melbourne Storm rugby league team. *Colorado Rockies (15%)


Studios

*
Fox Entertainment Group The Fox Entertainment Group (FEG) was an American entertainment company specialized in film studio, filmed entertainment owned by 21st Century Fox. Following the acquisition of 21st Century Fox by Disney, the group's assets were dispersed to va ...
: 20th Century Fox's parent company **
20th Century Fox 20th Century Studios, Inc., formerly 20th Century Fox, is an American film studio, film production and Film distributor, distribution company owned by the Walt Disney Studios (division), Walt Disney Studios, the film studios division of the ...
: a film production/distribution company ***20th Century Fox Animation ****Blue Sky Studios – production of CGI films e.g. Ice Age (2002 film), ''Ice Age''. **Fox Searchlight Pictures – specialized films. **Fox 2000 Pictures – general audience feature films. **Fox Music **Fox International Productions, 20th Century Fox International **Fox International Productions, 20th Century Fox Español **20th Century Fox Home Entertainment *20th Century Fox Television – primetime television programming. **20th Television – television distribution (syndication). **20th Century Fox Television Distribution – television distribution. **Fox 21 (production company), Fox 21 – low scripted/budgeted television production company. **Fox Television Animation – animation production company. **Fox Television Studios (productions)- market specific programming e.g. COPS and network television company. ***Touchstone Television#Fox Television Studios International, Fox Television Studios International ***Fox World (television production company), Fox World Productions *Fox Faith – Promotion and distribution of Christian and related "family friendly" movies on DVD and some theatrical release. *Fox Studios Australia, Sydney, New South Wales *Fox Filmed Entertainment *New Regency Productions (20%) – general audience feature films. *Regency Enterprises (20%) – parent company of New Regency Productions (50%). *Fox Star Studios fully owned -the Studio for Indian Movie's Production and Distribution.


TV

News Corp agreed to sell eight of its television stations to Oak Hill Capital Partners for approximately $1.1 billion as of December 22, 2007. The stations are US Fox Broadcasting Company, Fox affiliates. These stations, along with those already acquired by Oak Hill that were formerly owned by The New York Times Company, formed the nucleus of Oak Hill's Local TV LLC division.


Broadcast

*
Fox Broadcasting Company Fox Broadcasting Company, LLC (commonly known as Fox; stylized in all caps) is an Television in the United States, American commercial broadcasting, commercial broadcast television broadcaster, television network serving as the flagship proper ...
(Fox), a US broadcast television network *MyNetworkTV, a US broadcast television network *Fox Television Stations, a group of owned and operated Fox television stations


Satellite television

*Sky UK, United Kingdom & Ireland (39.1% holding). In practice, a controlling interest; the company is now owned by Comcast. *Sky Network Television, New Zealand (44%) *Sky Italia (100%), Italy's largest pay TV service (previously owning part of Stream TV) *
Sky Deutschland Sky Deutschland GmbH, branded as Sky, is a German media company that operates a direct broadcast satellite Pay TV platform in Germany, Austria and Switzerland (through Sky Switzerland). It provides a collection of basic and premium digital su ...
(54.5%), Germany's largest pay TV provider *Tata Sky (30%), an Indian DirectToHome TeleVision Service Provider. (in partnership with Tata Group, who owns a 70% stake) *
Foxtel NXE Australia Pty Ltd, trading as the Foxtel Group, is an Australian pay television company that operates cable television, direct-broadcast satellite, direct broadcast satellite television, and IPTV streaming services. It was formed in April ...
(25%), Australia, a joint venture with
Telstra Telstra Group Limited is an Australian telecommunications company that builds and operates telecommunications networks and markets related products and services. It is a member of the S&P/ASX 20 stock index, and is Australia's largest telecomm ...
(50%) and Consolidated Media Holdings (25%) *Fox International Channels Italy, FOX Italy, Italian Broadcast and Production Company (with 2 HDTV) *Fox Networks Group Asia Pacific, Star TV Channels (Satellite TeleVision Asian Region), an Asian satellite TV service having 300 million viewers in 53 countries, mainly in India, China & other Asian countries *Phoenix Television (17.6%), satellite TV network with landing rights in Hong Kong, and select provinces on Mainland China.


Cable

Cable TV channels owned (in whole or part) and operated by News Corporation include: *
Fox Business Network Fox Business (officially known as Fox Business Network, or FBN) is an American conservative business news channel and website publication owned by the Fox News Media division of Fox Corporation. The channel broadcasts primarily from studios ...
, a business news channel. *Fox Classics, a channel airing classic TV shows and movies *Fox Classics (Japan) *Fox Sports & Entertainment, Fox Sports & Entertainment/Fox BS238 *Fox Movie Channel, an all-movie channel that airs commercial-free movies from
20th Century Fox 20th Century Studios, Inc., formerly 20th Century Fox, is an American film studio, film production and Film distributor, distribution company owned by the Walt Disney Studios (division), Walt Disney Studios, the film studios division of the ...
's film library *
Fox News Channel The Fox News Channel (FNC), commonly known as Fox News, is an American multinational conservative news and political commentary television channel and website based in New York City, U.S. It is owned by Fox News Media, which itself is ow ...
, a 24-hour news and opinion channel *Fox Sports Networks, a chain of US regional
cable news Cable news channels are television networks devoted to television news broadcasts, with the name deriving from the proliferation of such networks during the 1980s with the advent of cable television. In the United States, the first nationwide ca ...
television networks broadcasting local sporting events linked together by national sports news programming. Local channels include "Fox Sports Southwest", "Fox Sports Detroit", etc. (some affiliates are owned by Cablevision.) **SportSouth, a
regional sports network A regional sports network (RSN) in the United States and Canada is a television channel that presents sports programming to a local media market or geographical region. Such channels often focus on one or a few teams who currently play in Major L ...
in the United States, with its headquarters in Atlanta, and affiliate of Fox Sports Net. **Sun Sports a
regional sports network A regional sports network (RSN) in the United States and Canada is a television channel that presents sports programming to a local media market or geographical region. Such channels often focus on one or a few teams who currently play in Major L ...
in the United States, with its headquarters in Miami, Florida, and affiliate of Fox Sports Net. *Fox College Sports, a college sports network consisting of three regionally aligned channels, mostly with archived Fox Sports Net programmes but also some live and original content. *Fox Sports International **Fox Soccer Channel, a United States digital cable and satellite network specialising mainly in soccer. **Fox Soccer Plus, a sister network to FSC, but including coverage of other sports, most notably rugby football, rugby. Launched in 2010 after News Corporation picked up many of the broadcast rights abandoned by Setanta Sports when it stopped broadcasting in the U.S. **Fox Pan American Sports (37.9%) – joint venture with Hicks, Muse, and Tate & Furst. ***Fox Sports en Español (50%), a Spanish language, Spanish-language North American cable sports network; its sports line-up is tailored to appeal to a Latin American audience. ***Fox Sports en Latinoamérica, a Latin American satellite and cable sports network. *FX Networks, a cable network broadcasting reruns of programming previously shown on other channels, but recently creating its own programming, including the Emmy Award-winning programmes ''The Shield'' and ''Damages (TV series), Damages''. *Speed (TV channel), SPEED *FUEL TV *Big Ten Network, cable and satellite channel dedicated to The Big Ten Conference, launched August 2007 (49%) *National Geographic Channel (joint venture with National Geographic Society) 67% * National Geographic Channel, National Geographic Channel International 75% *National Geographic Channel#Nat Geo Mundo, Nat Geo Mundo (joint venture with National Geographic Society) *Nat Geo Wild (joint venture with National Geographic Society) *
YES Network The Yankee Entertainment and Sports Network (YES) is an American pay television regional sports network owned by Yankee Global Enterprises (the largest shareholder with 26%), Main Street Sports Group (which owns 20%), Amazon (which owns 15% ...
(49%), regional cable sports network; broadcasts
New York Yankees The New York Yankees are an American professional baseball team based in the Boroughs of New York City, New York City borough of the Bronx. The Yankees compete in Major League Baseball (MLB) as a member club of the American League (AL) Am ...
and Brooklyn Nets games, among other teams. * Fox International Channels, domestic cable channels offering different formats of Fox programming in over thirty countries worldwide. **Fox Broadcasting Company, Fox **Fox Life **Fox Life HD **Fox Filipino **Fox Crime **FX (TV network), FX **Fox Horror **Fox Movies (TV channel), Fox Movies **Fox Sports (United States), Fox Sports **Speed Channel **National Geographic Channel **National Geographic Channel HD **National Geographic Wild **National Geographic Adventure **National Geographic Music **National Geographic Junior **Cult (TV channel), Cult **Next:HD **Voyage (French TV channel), Voyage **Real Estate TV **BabyTV **Fox Toma 1 – Spanish-language television production. **Fox Telecolombia – Spanish-language television production. (51%) **Utarget.Fox – European and Latin American online ad company, plus now handles TV ad sales. *''Central & South America'' **Fox Latin American Channels – channels available in over 17 countries in Latin America ***National Geographic Channel ***National Geographic Channel HD ***National Geographic Wild ***Nat Geo Music ***Universal Channel ***Universal HD ***Fox Channel ***Fox HD ***FX (TV channel), FX ***Fox Life ***Fox Sports (USA), Fox Sports ***Speed Channel ***Baby TV ***Utilisima ***Fox One-Stop Media – advertising sales for company owned and third party channels in Latin America **LAPTV (60%) (Latin American Pay Television) operates 8 cable movie channels throughout South America excluding Brazil. **Telecine (12.5%) operates 5 cable movie channels in Brazil. *''Australia'' **Premier Media Group (50%) ***Fox Sports (Australia), Fox Sports 1 ***Fox Sports (Australia), Fox Sports 2 ***Fox Sports (Australia), Fox Sports 3 ***Speed Channel#Australian Service, SPEED ***Fox Sports News (Australia), FoxSportsNews ***Fuel TV Australia **showtime movie channels, Premium Movie Partnership (20%) – movie channels, a joint venture between
20th Century Fox 20th Century Studios, Inc., formerly 20th Century Fox, is an American film studio, film production and Film distributor, distribution company owned by the Walt Disney Studios (division), Walt Disney Studios, the film studios division of the ...
, Sony, NBCUniversal, Viacom (2005–present), Viacom and
Liberty Media Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company founded by John C. Malone in 1991. The company has three divisions, reflecting its ownership stakes in the Formula One Group, S ...
''PLATFORMS'' *India **Hathway Cable & Datacom (22.2%), India's 2nd largest cable network through 7 cities including Bangalore, Chennai, Delhi, Mumbai & Pune *Taiwan **Total TV (20%), a pay TV platform with JV partner KOO's Group majority owner (80%). News Corp also has a 20% interest in the KOO's Group directly.


Internet

*News Corp. Digital Media **Foxsports.com – website with sports news, scores, statistics, video and fantasy sports **Hulu (27%) – online video streaming site in partnership with NBCUniversal. **Flektor – provides Web-based tools for photo and video editing and mashups. **Slingshot Labs – web development incubator (Includes the sites DailyFill). **Strategic Data Corp – interactive advertising company which develops technology to deliver targeted internet advertising. **Scout.com **WhatIfSports.com – sports simulation and prediction website. Also provides fantasy-style sports games to play. *Indya.com – 'India's no. 1 Entertainment Portal' *ROO Group Inc (5% increasing to 10% with performance targets)
News Digital Media
**News.com.au – Australia's most popular news website in 2013 and as of April 2014 **Carsguide.com.au **in2mobi.com.au **TrueLocal.com.au **Moshtix.com.au – a ticket retailer **Learning Seat **Wego News owns minority stake in Wego.com **Weair News owns minority stake in weair.com **Netus (75%) – investment co. in online properties. *Move (company), Move, Inc (80%) **realtor.com – United States online real estate portal **move.com **listhub.com **Doorsteps **Tigerlead **Moving.com **Top Producer **Reesio **Relocation.com **SeniorHousingNet.com *REA Group (60.7%) **Realestate.com.au **Business Services s.r.l. Access our internationalization service opens to endless proposals and possibilities of rooting in markets around the world. **Casa.it (69.4%), Sky Italia also holds a 30.6% share **atHome group, operator of leading realestate websites in Luxembourg, France, Belgium and Germany. ***Altowin (51%), provider of office management tools for realestate agents in Belgium. **Propertyfinders.com (50%), News International holds the remaining 50% ***Sherlock Publications, owner of hotproperty.co.uk portal and magazine titles 'Hot Property', 'Renting' and 'Overseas' ***ukpropertyshop.co.uk, most comprehensive UK estate agent directory. **PropertyLook, property websites in Australia and New Zealand. **HomeSite.com.au home renovation and improvement website. **Square Foot Limited, Hong Kong's largest English Language property magazine and website ***Primedia – Holding co. of Inside DB, a Hong Kong lifestyle magazine. *TadpoleNet Media (10%) Hosts of ArmySailor.com *New Zealand **Fatso (online DVD rental service), Fatso – leading online DVD subscription service (ownership through stake in Sky Network Television). **Fox Networks – one of the largest international ad networks. **Expedient InfoMedia blog network. *Storyful (Company), Storyful *Unruly *The News Broadcasting Corporation
TNBCLive.com
- United States's popular news website in 2017 and as of April 2022


Other assets

*Fox Sports Grill (50%) – Upscale sports bar and restaurant with 7 locations: Scottsdale, Arizona; Irvine, California; Seattle; Plano, Texas; Houston; San Diego; and Atlanta. *Fox Sports Skybox (70%) – Sports fans' Bar & Grill at Staples Center and six airport restaurants. *News America Marketing (US) – (100%) – nation's leading marketing services company, products include a portfolio of in-store, home-delivered and online media under the SmartSource brand. *Rotana Group, Rotana (19%) – Largest Arab entertainment company owned by Saudi Prince Al-Waleed bin Talal *The Daily (News Corporation), The Daily – iPad only newspaper delivered daily. *Making Fun – social game developer for making games for social networking sites, smartphones, tablets and other devices. *Stockpoint *Lane Bryant


Books

*
HarperCollins HarperCollins Publishers LLC is a British–American publishing company that is considered to be one of the "Big Five (publishers), Big Five" English-language publishers, along with Penguin Random House, Hachette Book Group USA, Hachette, Macmi ...
book publishing company **Harper''Collins'' India *Zondervan Christian book publisher **Inspirio – religious gift production.


Newspapers

*Australia published by News Limited. **''
The Australian ''The Australian'', with its Saturday edition ''The Weekend Australian'', is a broadsheet daily newspaper published by News Corp Australia since 14 July 1964. As the only Australian daily newspaper distributed nationally, its readership of b ...
'' (Nationwide) **Community Media Group (16 QLD & NSW suburban/regional titles) **Cumberland-Courier Newspapers (23 suburban/commuter titles) **''The Courier-Mail'' (Queensland) **''The Sunday Mail (Brisbane), The Sunday Mail'' (Queensland) **''The Cairns Post'' (Cairns, Queensland) **''The Gold Coast Bulletin'' (Gold Coast, Queensland) **''The Townsville Bulletin'' (Townsville, Queensland) **''The Daily Telegraph (Sydney), The Daily Telegraph'' (New South Wales) **''The Daily Telegraph (Sydney), The Sunday Telegraph'' (New South Wales) **''Herald Sun'' (Victoria) **''Herald Sun, Sunday Herald Sun'' (Victoria) **''The Herald and Weekly Times Ltd, The Weekly Times'' (Victoria) **Leader Newspapers (33 suburban Melbourne titles) **''MX (newspaper), MX'' (Sydney, Melbourne and Brisbane CBD) **''The Geelong Advertiser'' (Geelong, Victoria) **''The Advertiser (Australia), The Advertiser'' (South Australia) **''Sunday Mail (Adelaide), The Sunday Mail'' (South Australia) **''Messenger Newspapers'' (11 suburban Adelaide, SA titles) **''The Sunday Times (Western Australia), The Sunday Times'' (Western Australia) **''The Mercury (Hobart), The Mercury'' (Tasmania) **Quest Newspapers (19 suburban Brisbane, QLD titles) **''The Sunday Tasmanian'' (Tasmania) **''Northern Territory News'' (Northern Territory) **''The Sunday Territorian'' (Northern Territory) **''Tablelands Advertiser, The Tablelands Advertiser'' (Atherton Tablelands and the Far North, Queensland) *Fiji **''
Fiji Times ''The Fiji Times'' is a daily English-language newspaper published in Suva, Fiji. Established in Levuka on 4 September 1869 by George Littleton Griffiths, it is Fiji's oldest newspaper still operating. ''The Fiji Times'' is owned by Motibhai Gr ...
'' (National) (10%) ** ''Nai Lalakai'' (10%) ** ''
Shanti Dut ''Shanti Dut'' (Peaceful Messenger) is a Hindi language newspaper published weekly in Suva, Fiji and is owned by Mahendra Motibhai Patel. It is one of the oldest non-English language newspapers owned by the corporation having started in 1935. Its ...
'' (10%) *Papua New Guinea **''Papua New Guinea Post-Courier'' (National) (62.5%) *UK and Ireland newspapers, published by subsidiaries of
News International News Corp UK & Ireland Limited (trading as News UK, formerly News International and NI Group) is a List of newspapers in the United Kingdom, British newspaper publisher, and a wholly owned subsidiary of the American mass media Conglomerate (c ...
Ltd. **News Group Newspapers Ltd. ***''
The Sun The Sun is the star at the centre of the Solar System. It is a massive, nearly perfect sphere of hot Plasma (physics), plasma, heated to incandescence by nuclear fusion reactions in its core, radiating the energy from its surface mainly as ...
'' (published in Scotland as ''The Scottish Sun'' and in Ireland as ''The Irish Sun'') ****''The Sun on Sunday'' **Times Newspapers Ltd. ***''The Sunday Times (UK), The Sunday Times'' ***''
The Times ''The Times'' is a British Newspaper#Daily, daily Newspaper#National, national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its modern name on 1 January 1788. ''The Times'' and its si ...
'' ***''The Times Literary Supplement'' *US newspapers and magazines **The ''
New York Post The ''New York Post'' (''NY Post'') is an American Conservatism in the United States, conservative daily Tabloid (newspaper format), tabloid newspaper published in New York City. The ''Post'' also operates three online sites: NYPost. ...
'' *** Community Newspaper Group **** ''The Brooklyn Paper'' **** ''Bronx Times-Reporter'' **** ''Brooklyn Courier-Life'' **** ''TimesLedger Newspapers'' **
Dow Jones & Company Dow Jones & Company, Inc. (also known simply as Dow Jones) is an American publishing firm owned by News Corp, and led by CEO Almar Latour. The company publishes ''The Wall Street Journal'', '' Barron's'', '' MarketWatch'', ''Mansion Global'' ...
***Consumer Media Group ****''
The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'' ****''Wall Street Journal Europe'' ****''Wall Street Journal Asia'' ****''Barron's (newspaper), Barron's'' – weekly financial markets magazine. ****Marketwatch – Financial news and information website. ****''Far Eastern Economic Review'' ***Enterprise Media Group ****Dow Jones Newswires – global, real-time news and information provider. ****Factiva – provides business news and information together with content delivery tools and services. ****Dow Jones Indexes – stock market indexes and indicators, including the Dow Jones Industrial Average. ****Dow Jones Financial Information Services – produces databases, electronic media, newsletters, conferences, directories, and other information services on specialised markets and industry sectors. ****Betten Financial News – leading Dutch language financial and economic news service. ***''Local Media Group'' ****Ottaway Community Newspapers – 8 daily and 15 weekly regional newspapers. ***STOXX (33%)- joint venture with Deutsche Boerse and SWG Group for the development and distribution of Dow Jones STOXX indices. *** (33%) – Russia's leading financial newspaper (joint venture with Financial Times and Independent Media). ***SmartMoney **TimesLedger Newspapers, The Timesledger Newspapers of Queens, New York: ***''Bayside Times, Whitestone Times, Flushing Times, Little Neck Ledger, Jamaica Times, Astoria Times, Forest Hills Ledger'' **The ''Courier-Life'' Newspapers in Brooklyn **''The Brooklyn Paper'' **''Caribbean Life'' **''Flatbush Jewish Journal''


Magazines

*U.S. **''SmartSource Magazine'' (weekly Sunday newspaper coupon insert) **''
The Weekly Standard ''The Weekly Standard'' was an American neoconservative political magazine of news, analysis, and commentary that was published 48 times per year. Originally edited by founders Bill Kristol and Fred Barnes, the ''Standard'' was described as a ...
'' *Australia **Alpha Magazine **Australian Country Style **Australian Golf Digest **Australian Good Taste **Big League **BCME **Delicious **Donna Hay **Fast Fours **GQ Australia, GQ (Australia) **Gardening Australia **InsideOut (Aust) **Lifestyle Pools **Live to Ride **Notebook **Overlander 4WD **Modern Boating **Modern Fishing **Parents **Pure Health **Super Food Ideas **Truck Australia **Truckin' Life **twowheels **twowheels scooter **Vogue Australia, Vogue (Australia) **Vogue Entertaining & Travel **Vogue Living *UK **Inside Out magazine


See also

*Succession of Rupert Murdoch, a 2024 court case *List of conglomerates


References


External links

*
News Corp Board of DirectorsNews Corp
at ''Bloomberg Businessweek'' (archived 2 April 2010) *
News Corp. Holdings
at ''Columbia Journalism Review'', as of February 2015 * {{DEFAULTSORT:News Corporation (1980-2013) News Corporation, Fox Corporation Defunct mass media companies of Australia Defunct mass media companies of the United States Defunct companies based in New York City Companies based in Manhattan Companies formerly listed on the Australian Securities Exchange Companies formerly listed on the Nasdaq Companies formerly listed on the New York Stock Exchange 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 Australian companies established in 1980 American companies disestablished in 2013 2004 establishments in New York City 2013 disestablishments in New York City Conglomerate companies established in 2004 Mass media companies established in 1980 Mass media companies established in 2004 Mass media companies disestablished in 2013 Mass media companies of the United States Conservative media in the United States