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News Corporation
Type Public: (NYSE: NWS, NYSE: NWSA, ASX:NWS, LSE: NCRA)
Founded Flag of Australia Adelaide, Australia (1979)
Headquarters Flag of the United States New York City, formerly in Sydney, Australia
Key people Rupert Murdoch
Peter Chernin
David DeVoe
Lawrence Jacobs
James Murdoch
Industry Broadcasting, Publishing, Media, Internet, Entertainment
Products Films, Television, Cable Programming, Satellite Television, Magazines, Newspapers, Books, Sporting Events, Websites
Revenue ▲$28. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The Australian Securities Exchange ( ASX) is the primary Stock exchange in Australia. The London Stock Exchange or LSE is a Stock exchange located in London, England. Adelaide is the capital and most populous city of the Australian state of South Australia, and is the fifth largest city in Australia with a For a topic outline on this subject see List of basic Australia topics. The City of New York Sydney (ˈsɪdniː is the most populous city in Australia, with a Metropolitan area population of approximately 4 For a topic outline on this subject see List of basic Australia topics. is gay Bold text' Keith Rupert Murdoch', AC, KCSG (born Melbourne, March 11 1931 usually known as Rupert Murdoch, is an Australian-American Peter Chernin ( Russian: Пётр Чернин or Pyotr Chernin born May 29, 1951 in Harrison New York) is President and Chief Operating Dave DeVoe (born 1947 has been a Director and Chief Financial Officer of News Corporation since 1990 Lawrence Jacobs has been both the Senior Executive Vice President and Group General Counsel of News Corporation. James Murdoch (born 13 December 1972 in United Kingdom) is the Chairman and Chief Executive of News Corporation, Europe and Asia including the British Newspapers For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" For the band see Broadcast (band Broadcasting is the distribution of audio and/or Video signals which transmit Publishing is the process of production and dissemination of Literature or Information &ndash the activity of making information available for public view "Popular press" redirects here note that the University of Wisconsin Press publishes under the imprint "The Popular Press" The Internet is a global system of interconnected Computer networks See also Entertainment (disambiguation and The Entertainer (disambiguation Entertainment is an activity designed to give people In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Television ( TV) is a widely used Telecommunication medium for sending ( Broadcasting) and receiving moving Images, either monochromatic Satellite television is Television delivered by the means of Communications satellites as compared to conventional Terrestrial television and Cable Magazines, periodicals or serials are Publications generally published on a regular schedule containing a variety of articles, generally A newspaper is a written Publication containing News, information and Advertising, usually printed on low-cost paper called Newsprint. A Book is a set or collection of written printed illustrated or blank sheets made of Paper, Parchment, or other material usually fastened together Sport is an Activity that is governed by a set of rules or Customs and often engaged in competitively A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 66 billion USD (March 21, 2008)[1]
Employees 53,000 (2007)
Website www.newscorp.com
1211 Avenue of the Americas (Sixth Avenue), where News Corporation is based
1211 Avenue of the Americas (Sixth Avenue), where News Corporation is based

News Corporation (often abbreviated to News Corp) (NYSE: NWS, NYSE: NWSA, ASX:NWS, LSE: NCRA) is the world's largest media conglomerate company by market capitalization. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The Australian Securities Exchange ( ASX) is the primary Stock exchange in Australia. The London Stock Exchange or LSE is a Stock exchange located in London, England. A media conglomerate describes companies that own large numbers of companies in various Mass media such as Television, Radio, Publishing, A conglomerate is a large company that consists of diverse divisions Market capitalization/capitalisation (aka market cap, mkt cap or capitalized/capitalised value) is a measurement of Corporate or Economic [2][3] The company's Chairman and Chief Executive Officer is Rupert Murdoch and the President and Chief Operating Officer is Peter Chernin. is gay Bold text' Keith Rupert Murdoch', AC, KCSG (born Melbourne, March 11 1931 usually known as Rupert Murdoch, is an Australian-American Peter Chernin ( Russian: Пётр Чернин or Pyotr Chernin born May 29, 1951 in Harrison New York) is President and Chief Operating

News Corporation is a public company listed on the New York Stock Exchange and the Australian Securities Exchange and as a secondary listing on the London Stock Exchange. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The Australian Securities Exchange ( ASX) is the primary Stock exchange in Australia. The London Stock Exchange or LSE is a Stock exchange located in London, England. Formerly incorporated in South Australia, the company was re-incorporated in the United States state of Delaware after a majority of shareholders approved the move on November 12, 2004. South Australia is a state of Australia in the southern central part of the country The United States of America —commonly referred to as the Events 764 - Tibetan troops occupy Chang'an, the capital of the Chinese Tang Dynasty, for fifteen days "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again "

News Corporation's headquarters is at 1211 Avenue of the Americas (Sixth Ave.), in New York City, in the newer 1960s-1970s corridor of the Rockefeller Center complex. Sixth Avenue is a major Avenue in New York City 's borough of Manhattan. The media of New York City are internationally influential and include some of the most important newspapers largest publishing houses most prolific television studios and Rockefeller Center is a complex of 19 commercial buildings covering 22 acres between 48th and 51st streets in New York City.

Revenue for the year ended June 30, 2007 was US$28. Events 350 - Roman usurper Nepotianus, of the Constantinian dynasty, is defeated and killed by troops of the Usurper Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 655 billion with an operating income of US$4. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 452 billion. Almost 70% of the company's sales come from its US businesses.

Contents

History

News Corp was created in 1980 by Rupert Murdoch as a holding company for News Limited. is gay Bold text' Keith Rupert Murdoch', AC, KCSG (born Melbourne, March 11 1931 usually known as Rupert Murdoch, is an Australian-American A holding company is a company that owns part all or a majority of other companies' outstanding Stock. News Limited was the principal holding for the business interests of Rupert Murdoch until the formation of News Corporation in 1979 News Limited was created by Murdoch from the assets he inherited in 1952 following the death of his father, Sir Keith Murdoch, and subsequent expansion. Sir Keith Arthur Murdoch ( August 12, 1885 - October 4, 1952) was an Australian Journalist and the father of Rupert The main asset left to him was ownership of the Adelaide News. The News was an afternoon daily Newspaper in the city of Adelaide, South Australia.

In 1986 and 1987, News Corp (through subsidiary News International) moved to adjust the production process of its British newspapers, over which the printing unions had long maintained a highly restrictive grip. A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity News International Ltd is a British newspaper publisher owned by Rupert Murdoch 's News Corporation. [4] 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, together with its Sunday edition the Sunday Morning Post, is an English-language Newspaper of Hong This led to a confrontation with the printing unions NGA and SOGAT. The National Graphical Association (NGA was a British trade union The Society of Graphical and Allied Trades ( SOGAT) was a British Trade union in the Printing industry The move of News International's London operation to Wapping in the East End resulted in nightly battles outside the new plant. Wapping (pronounced 'Wopping' is a place in the London Borough of Tower Hamlets which forms part of the Docklands to the east of the City of London. Delivery vans and depots were frequently and violently attacked. [5] Ultimately the unions capitulated.

Moving into the United States

News Corp made its first acquisition in the United States in 1973, when it purchased the San Antonio Express-News. The United States of America —commonly referred to as the The San Antonio Express-News is the daily newspaper of San Antonio Texas. Soon afterwards it founded the National Star, a supermarket tabloid, and in 1976 it purchased the New York Post. A tabloid is a Newspaper industry term which refers to a smaller newspaper format per spread to a weekly or semi-weekly alternative newspaper that focuses on local-interest The New York Post is the 13th-oldest Newspaper published in the United States and generally acknowledged as the oldest to have been published continually In 1981 News Corp bought half the movie studio 20th Century Fox, buying the other half in 1984. In 1985 News Corp announced it was buying the Metromedia group of stations, setting the stage for the launch of a fourth U. Metromedia (also often MetroMedia) was a media company that owned radio and Television stations in the United States from 1956 S. broadcast network. On September 4, 1985, Murdoch became a naturalized citizen to satisfy the legal requirement that only United States citizens could own American television stations. Events 476 - Romulus Augustus, last emperor of the Western Roman Empire, is deposed when Odoacer proclaims himself Year 1985 ( MCMLXXXV) was a Common year starting on Tuesday (link displays 1985 Gregorian calendar) Naturalization is the acquisition of Citizenship or Nationality by somebody who was not a citizen or national of that country when he or she was born In 1986, the Metromedia deal closed, and the Fox Broadcasting Company was launched. This network, known on-screen as "Fox", can now be picked up in over 96% of U. S. households.

In 1987 News Corp bought The Herald and Weekly Times Ltd. in Australia, the company that Rupert Murdoch's father had once managed. By 1992, News Corp had amassed huge debts, which forced it to sell many of the American magazine interests it had acquired in the mid-1980s. 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 subsidized with profits from its other holdings until it was able to force rival satellite operator British Satellite Broadcasting to accept a merger on its terms in 1990. British Sky Broadcasting ( BSkyB — Sky Television and BSB) is a company that operates Sky Digital, a subscription television service in the British Satellite Broadcasting ( BSB) (1986-1990 was a company set up in 1986 to provide Direct broadcast satellite television services to the United Kingdom (The merged company, BSkyB has dominated the British pay-TV market since. British Sky Broadcasting ( BSkyB — Sky Television and BSB) is a company that operates Sky Digital, a subscription television service in the )

In 1995, the Fox network became the object of scrutiny from the Federal Communications Commission (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 U. S. citizen Murdoch, although nearly all of the stations' equity was controlled by News Corp. In the same year News Corp announced a deal with MCI Communications to develop a major news website as well as funding a conservative news magazine, The Weekly Standard. MCI Communications Corp was an American Telecommunications company that was instrumental in legal and regulatory changes that led to the breakup of the AT&T A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The Weekly Standard is an American opinion Magazine published 48 times per year In the same year, News Corp launched the Foxtel pay television network in Australia in a partnership with Telstra and Publishing and Broadcasting Limited. Foxtel is an Australian Pay television company formed through a joint venture between Telstra, News Corporation and Consolidated Media Telstra or Telstra Corporation (often abbreviated as Telstra Corp) () is an Australian Telecommunications and media company formerly Publishing and Broadcasting Limited ( PBL) was one of Australia's largest companies with interests primarily in media and gaming

In 1996, Fox established the Fox News Channel, a 24-hour cable news station

In 1999, News Corp significantly expanded its music holdings in Australia by acquiring the controlling share in a leading Australian based label, Michael Gudinski's Mushroom Records; merging it with already held Festival Records to create Festival Mushroom Records (FMR). News broadcasting (also known as newscast or newsbreak) is the Broadcasting of various news events and other Information via Michael Solomon Gudinski AM (born August 22, 1950) is a Melbourne -based entrepreneur and businessman who is a leading figure in the Australian Mushroom Records is an Australian Record company formed by Michael Gudinski and Ray Evans in 1972. Festival Mushroom Records was an Australian music recording and publishing company which was founded in Sydney in 1952 and operated until 2005 Both Festival and FMR were managed by Rupert Murdoch's son James Murdoch for several years. James Murdoch (born 13 December 1972 in United Kingdom) is the Chairman and Chief Executive of News Corporation, Europe and Asia including the British Newspapers

In late 2003, News Corp acquired a 34% stake in Hughes DirecTV, from General Motors for Electronics, operator of the largest American satellite TV system, US$6 billion. DirecTV (trademarked as "DIREC' TV' " is a Direct broadcast satellite (DBS service based in El Segundo California, USA, that was founded General Motors Corporation ( GM) ( is a multinational automobile manufacturer founded in 1908 and headquartered in the United States.

In 2007 News Corporation reached an agreement to purchase Dow Jones, publishers of the Wall Street Journal for an estimated $5. Dow Jones & Company is an American publishing and financial information firm 6 billion. The corporation on 15 October 2007 spun off a business news channel from Fox News - Fox Business News. Fox Business Network is a United States -based cable and satellite News channel that commenced broadcasting on October 15 2007 [6] The channel's lawyers were "reviewing all of the fine details of the contract" between Dow Jones and CNBC, said Alexis Glick, Fox Business News's vice president of business news and the channel's morning anchor. CNBC (an abbreviation for the " C onsumer N ews and B usiness C hannel" its official name until 1991 is a cable and But, she added, "we will actively use" the other Dow Jones properties. [7] ". . . this new channel is a bit tedious. Somehow, business is more interesting when treated in a business-like way", commented Rob Carrick in 16 October's Toronto Globe and Mail. The Globe and Mail is a Canadian English language nationally distributed Newspaper, based in Toronto and printed in six cities [8]

Shareholders

Corporate Governance

The company's Board of Directors consists of 15 individuals:

Office of the Chairman

Holdings

Books

Newspapers

Magazines

Music / Radio

Sport

Studios

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. Events 1790 - The Turkish fortress of Izmail is stormed and captured by Suvorov and his Russian armies Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. The stations are US FOX affiliates. [12]

Broadcast

Satellite television

Cable

CHANNELS

PLATFORMS

Internet

Other assets

Annual conference

News Corporation organises an annual management conference, discussing media related issues to geopolitics. Geopolitics is the study that analyzes Geography, History and Social science with reference to Spatial politics and patterns at various scales Attendees include News Corporation executives, senior journalists, Politicians and Celebrities. A politician (from Greek " Polis " is an individual who is involved in influencing public decision making through the influence of Politics or a person A celebrity is a widely-recognized or famous person who commands a high degree of public and media attention Previous events were in Cancun, Mexico, and the Hayman Island off the coast of Australia. Cancún (pronounced as kanˈkun is a coastal city in Mexico 's easternmost state Quintana Roo, on the Yucatán Peninsula. The United Mexican States ( or commonly Mexico (ˈmɛksɪkoʊ () is a federal constitutional Republic in North America. Hayman Island is the most northerly of the Cumberland Islands, which are located off the coast Queensland, Australia at. For a topic outline on this subject see List of basic Australia topics. The events are private and secretive, there are no records available for the agenda or talks given at the conferences, and no uninvited journalists are permitted access. [13]

The 2006 event was in Pebble Beach, California, was led by Rupert Murdoch. Pebble Beach is a small coastal Unincorporated community in Monterey County, California. is gay Bold text' Keith Rupert Murdoch', AC, KCSG (born Melbourne, March 11 1931 usually known as Rupert Murdoch, is an Australian-American According to a copy of the agenda leaked to the Los Angeles Times and other media accounts,[14] issues discussed related from Europe to broadcasting and new media, terrorism to the national policy. The Los Angeles Times (also known as the LA Times) is a daily Newspaper published in Los Angeles California and distributed For the band see Broadcast (band Broadcasting is the distribution of audio and/or Video signals which transmit New media is a term meant to encompass the emergence of Digital, Computerized or Networked information and communication technologies Terrorism is the systematic use of terror especially as a means of coercion The National Policy was a Canadian economic program introduced by John A [15] George Bush was unable to attend because of an engagement at Bohemian Grove. George Walker Bush ( born July 6 1946 is the forty-third and current President of the United States. Bohemian Grove is a campground located at 20601 Bohemian Avenue in Monte Rio, California, belonging to a private San Francisco -based men's art club known [14] The event included speeches from Rupert Murdoch, Governor Arnold Schwarzenegger, Prime Minister Tony Blair, Bono, Al Gore, Senator John McCain and Bill Clinton while Israeli vice-premier, Shimon Peres, will appear on a panel named Islam and the West. is gay Bold text' Keith Rupert Murdoch', AC, KCSG (born Melbourne, March 11 1931 usually known as Rupert Murdoch, is an Australian-American Arnold Alois Schwarzenegger ( German ˌaɐnɔlt aloʏs ˈʃvaɐtsənɛɡɐ born July 30 1947 is an Austrian American Bodybuilder, Actor Anthony Charles Lynton "Tony" Blair (born 6 May 1953 is a British Politician who was Prime Minister of the United Kingdom from 2 May 1997 to Albert Arnold Gore Jr (born March 31 1948 is an American environmental Activist, author Businessperson, former Politician, and former William Jefferson "Bill" Clinton (born William Jefferson Blythe III, August 19 1946 served as the forty-second President of the United States (שמעון פרס born Szymon Perski on August 2 1923, is the ninth President of the State of Israel. For other meanings including people named 'Islam' see Islam (disambiguation. The Other notable attendees include Newt Gingrich and Nicole Kidman. Newton "Newt" Leroy Gingrich, (born Newton Leroy McPherson on June 17, 1943) is an American politician and author who served as the Speaker

See also

References

  1. ^ News Corporation - Annual Report 2007
  2. ^ News No. 1 in the world with $67.8 bil
  3. ^ Rupert Murdoch celebrates market milestone | NEWS.com.au Business
  4. ^ Revolution on Fleet Street - TIME
  5. ^ Revolution on Fleet Street - TIME
  6. ^ [http://www.hollywoodreporter.com/hr/content_display/news/e3i118a16d2ff59590bd77181d8da9c9fb9 Fox Business makes TV debut, Hollywood Reporter, 16 October 2007]. A conglomerate is a large company that consists of diverse divisions List of assets owned by the News Corporation: Film Twentieth Century Fox Twentieth Century Fox Español Accessed: 10-17-2007.
  7. ^ Fox Business Network blazes new trail, USA Today, 14 October 2007. Accessed: 10-17-2007.
  8. ^ Fox Business: Fluff meets financial, Toronto Globe and Mail, 16 October 2007. Accessed: 10-17-2007.
  9. ^ News Corp Murdoch trust sells shares - Breaking News - Business - Breaking News
  10. ^ "Murdoch's son sees pay doubled ahead of exit"
  11. ^ Charlie Rose - Prince Alwaleed Bin Talal
  12. ^ Kercheval, Nancy and Danielle Rossingh. "News Corp. to Sell U.S. TV Stations for $1.1 Billion (Update5)", Bloomberg. com, 2007-12-22. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1790 - The Turkish fortress of Izmail is stormed and captured by Suvorov and his Russian armies Retrieved on 2007-12-22. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1790 - The Turkish fortress of Izmail is stormed and captured by Suvorov and his Russian armies  
  13. ^ "Murdoch's Pebble Beach shindig", Autralian Broadcasting Corporation. Retrieved on 2007-12-01. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 800 - Charlemagne judges the accusations against Pope Leo III in the Vatican  
  14. ^ a b "Bono and Blair to join Murdoch on the beach", Guardian. Retrieved on 2007-12-01. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 800 - Charlemagne judges the accusations against Pope Leo III in the Vatican  
  15. ^ "The PM, the mogul and the secret agenda", Guardian. Retrieved on 2007-12-01. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 800 - Charlemagne judges the accusations against Pope Leo III in the Vatican  

External links

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