Rupert Murdoch

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Rupert Murdoch

Murdoch at the 2011 Tribeca Film Festival Vanity Fair party
Born Keith Rupert Murdoch
11 March 1931 (age 81)
Melbourne, Victoria, Australia
Residence New York City,
Beverly Hills, California
Citizenship United States (naturalized 1985)[a]
Education Worcester College, Oxford
Alma mater University of Oxford
Occupation Chairman and CEO of
News Corporation
Net worth Increase US$ 8.3 billion (2012)[1]
Board member of Fox Broadcasting Company,
News Corporation
Spouse(s) Patricia Booker (m. 1956–1967) (divorced)
Anna Maria Torv (m. 1967–1999) (divorced)Wendi Deng (m. 1999)
Children Prudence Murdoch (b. 1958)[2]
Elisabeth Murdoch (b. 1968)[2]
Lachlan Murdoch (b. 1971)[2]
James Murdoch (b. 1972)[2]
Grace Murdoch (b. 2001)[3]
Chloe Murdoch (b. 2003)[2]
Parents Keith Murdoch (1885–1952)
Elisabeth Joy (née Greene, 1909–2012)
Relatives Matthew Freud (son-in-law)
Sarah Murdoch (daughter-in-law)
Awards Companion of the Order of Australia (1984)[4]
Notes
  1. ^ Australian citizenship lost in 1985 (under S17 of Australian Citizenship Act 1948) with acquisition of US nationality.

Keith Rupert Murdoch, AC, KSG (born 11 March 1931) is an Australian American media mogul. Murdoch became managing director of Australia’s News Limited, inherited from his father, in 1952.[3][5] He is the founder, Chairman and CEO of global media holding company News Corporation, the world’s second-largest media conglomerate.[6][7][8][9]

In the 1950s and ’60s, he acquired various newspapers in Australia and New Zealand, before expanding into the United Kingdom in 1969, taking over the News of the World followed closely by The Sun. He moved to New York in 1974 to expand into the US market, but retained interests in Australia and Britain. In 1981, he bought The Times, his first British broadsheet, and became a naturalised US citizen in 1985.[5]

In 1986, keen to adopt newer electronic publishing technologies, he consolidated his UK printing operations in Wapping, causing bitter industrial disputes. His News Corporation acquired Twentieth Century Fox (1985), HarperCollins (1989)[10] and The Wall Street Journal (2007). He formed BSkyB in 1990 and during the 1990s expanded into Asian networks and South American television. By 2000 Murdoch’s News Corporation owned over 800 companies in more than 50 countries with a net worth of over $5 billion.

In July 2011 Murdoch faced allegations that his companies, including the News of the World, owned by News Corporation, had been regularly hacking the phones of celebrities, royalty and public citizens. He faces police and government investigations into bribery and corruption by the British government and FBI investigations in the US.[11][12] On 21 July 2012, Murdoch resigned as a director of News International.[13][14]

Contents

Early life

Murdoch was born in Melbourne, the only son of Sir Keith Murdoch (1885–1952) and Elisabeth Greene (1909-2012). He has English, Irish and Scottish ancestry. His parents were both born in Melbourne. Keith Murdoch was a renowned war correspondent and later a regional newspaper magnate.[5] He asked for a rendezvous with his future wife after seeing her debutante photograph in one of his own newspapers and they married in 1928, when she was aged 19 and he 23 years her senior.[15] In addition to Rupert, the couple had three daughters: Janet Calvert-Jones, Anne Kantor and Helen Handbury (1929–2004).

Murdoch attended Geelong Grammar School,[16] where he had his first experience of editing a publication, being co-editor of the school’s official journal The Corian and editor of the student journal If Revived.[17][18] He also took his School’s cricket team to the National Junior Finals. He worked part-time at the Melbourne Herald and was groomed by his father from an early age to take over the family business.[3][5] Murdoch read Philosophy, Politics and Economics at Worcester College, the University of Oxford in England, where he supported the Labour Party[3] and managed Oxford Student Publications Limited, the publishing house of Cherwell Newspaper.[19] After her husband’s death from cancer in 1952, Elisabeth Murdoch went on to invest herself in charity work, as life governor of the Royal Women’s Hospital in Melbourne and establishing the Murdoch Children’s Research Institute. At 102 (in 2011) she had 74 descendants.[15] Murdoch completed an MA before working as a sub-editor with the Daily Express for two years.[5]

Activities in Australia and New Zealand

Journalist Sir Keith Murdoch (1885–1952), Rupert Murdoch’s father.

Following his father’s death, when he was 21, Murdoch returned from Oxford to take charge of the family business News Limited, which had been established in 1923. Rupert Murdoch turned its newspaper, Adelaide News, its main asset, into a major success.[3] He began to direct his attention to acquisition and expansion, buying the troubled Sunday Times in Perth, Western Australia (1956) and over the next few years acquiring suburban and provincial newspapers in New South Wales, Queensland, Victoria and the Northern Territory, including the Sydney afternoon tabloid, The Daily Mirror (1960). The Economist describes Murdoch as “inventing the modern tabloid”,[20] as he developed a pattern for his newspapers, increasing sports and scandal coverage and adopting eye-catching headlines.[5]

Murdoch’s first foray outside Australia involved the purchase of a controlling interest in the New Zealand daily The Dominion. In January 1964, while touring New Zealand with friends in a rented Morris Minor after sailing across the Tasman, Murdoch read of a takeover bid for the Wellington paper by the British-based Canadian newspaper magnate, Lord Thomson of Fleet. On the spur of the moment, he launched a counter-bid. A four-way battle for control ensued in which the 32 year old Murdoch was ultimately successful.[21] Later in 1964, Murdoch launched The Australian, Australia’s first national daily newspaper, which was based first in Canberra and later in Sydney.[3][22] In 1972, Murdoch acquired the Sydney morning tabloid The Daily Telegraph from Australian media mogul Sir Frank Packer, who later regretted selling it to him.[23] In 1984, Murdoch was appointed Companion of the Order of Australia (AC) for services to publishing.[24]

In 1999, Murdoch significantly expanded his music holdings in Australia by acquiring the controlling share in a leading Australian independent label, Michael Gudinski‘s Mushroom Records; he merged that with Festival Records, and the result was Festival Mushroom Records (FMR). Both Festival and FMR were managed by Murdoch’s son James Murdoch for several years.[25]

Political activities in Australia

Murdoch found a political ally in John McEwen, leader of the Australian Country Party (now known as the National Party of Australia), who was governing in coalition with the larger Menzies-Holt Liberal Party. From the very first issue of The Australian Murdoch began taking McEwen’s side in every issue that divided the long-serving coalition partners. (The Australian, 15 July 1964, first edition, front page: “Strain in Cabinet, Liberal-CP row flares.”) It was an issue that threatened to split the coalition government and open the way for the stronger Australian Labor Party to dominate Australian politics. It was the beginning of a long campaign that served McEwen well.[26]

After McEwen and Menzies retired, Murdoch threw his growing power behind the Australian Labor Party under the leadership of Gough Whitlam and duly saw it elected[27] on a social platform that included universal free health care, free education for all Australians to tertiary level, recognition of the People’s Republic of China, and public ownership of Australia’s oil, gas and mineral resources. Rupert Murdoch’s backing of Whitlam turned out to be brief. Murdoch had already started his short-lived National Star[26] newspaper in America, and was seeking to strengthen his political contacts there.[28]

Asked about the Australian federal election, 2007 at News Corporation’s annual general meeting in New York on 19 October 2007, its chairman Rupert Murdoch said, “I am not commenting on anything to do with Australian politics. I’m sorry. I always get into trouble when I do that.” Pressed as to whether he believed Prime Minister John Howard should continue as prime minister, he said: “I have nothing further to say. I’m sorry. Read our editorials in the papers. It’ll be the journalists who decide that – the editors.”[29] In 2009, in response to accusations by Australian Prime Minister Kevin Rudd that News Limited was running vendettas against him and his government, Murdoch opined that Rudd was “oversensitive”.[30] Murdoch described Howard’s successor, Labor Party Prime Minister Kevin Rudd, as “…more ambitious to lead the world [in tackling climate change] than to lead Australia…” and criticised Rudd’s expansionary fiscal policies in the wake of the financial crisis of 2008 as unnecessary.[31] Although News Limited’s interests are extensive, also including the Daily Telegraph, the Courier-Mail and the Adelaide Advertiser, it was suggested by the commentator Mungo MacCallum in The Monthly that “the anti-Rudd push, if coordinated at all, was almost certainly locally driven” as opposed to being directed by Murdoch, who also took a different position from local editors on such matters as climate change and stimulus packages to combat the financial crisis.[32]

Activities in the United Kingdom

Business activities in the United Kingdom

Rupert Murdoch – World Economic Forum Annual Meeting Davos 2007

In 1968 Murdoch entered the UK newspaper market with his acquisition of the populist News of the World, followed in 1969 with the purchase of the struggling daily broadsheet The Sun from IPC.[33] Murdoch turned The Sun into a tabloid format and reduced costs by using the same printing press for both newspapers. On acquiring it, he appointed Albert ‘Larry’ Lamb as editor and – Lamb recalled later – told him: “I want a tearaway paper with lots of tits in it”. In 1997 The Sun attracted 10 million daily readers.[5] In 1981, Murdoch acquired the struggling Times and Sunday Times from Canadian newspaper publisher Lord Thomson of Fleet.[33] Ownership of The Times came to him through his relationship with Lord Thomson, who had grown tired of losing money on it as a result of much industrial action that stopped publication.[34] In the light of success and expansion at The Sun the owners believed that Murdoch could turn the papers around. Harold Evans, Editor of the Sunday Times from 1967, was made head of the daily Times, though he stayed only a year amid editorial conflict with Murdoch.[35][36]

During the 1980s and early 1990s, Murdoch’s publications were generally supportive of Britain’s Prime Minister Margaret Thatcher.[37] At the end of the Thatcher/Major era, Murdoch switched his support to the Labour Party and its leader, Tony Blair. The closeness of his relationship with Blair and their secret meetings to discuss national policies was to become a political issue in Britain.[38] This later changed, with The Sun, in its English editions, publicly renouncing the ruling Labour government and lending its support to David Cameron‘s Conservative Party, which soon afterwards formed a coalition government. In Scotland, where the Tories had yet to recover from their complete annihilation in 1997, the paper began to endorse the Scottish National Party (though not yet its flagship policy of independence), which soon after came to form the first ever outright majority in the proportionally elected Scottish Parliament. Former Prime Minister Gordon Brown’s official spokesman said in November 2009 that Brown and Murdoch “were in regular communication” and that “there is nothing unusual in the prime minister talking to Rupert Murdoch”.[39]

In 1986, Murdoch introduced electronic production processes to his newspapers in Australia, Britain and the United States. The greater degree of automation led to significant reductions in the number of employees involved in the printing process. In England, the move roused the anger of the print unions, resulting in a long and often violent dispute that played out in Wapping, one of London’s docklands areas, where Murdoch had installed the very latest electronic newspaper purpose-built publishing facility in an old warehouse.[40] The bitter dispute at Wapping started with the dismissal of 6,000 employees who had gone on strike and resulted in street battles and demonstrations. Many on the political left in Britain alleged the collusion of Margaret Thatcher’s Conservative government with Murdoch in the Wapping affair, as a way of damaging the British trade union movement.[41][42][43] In 1987, the dismissed workers accepted a settlement of £60 million.[5]

Murdoch’s British-based satellite network, Sky Television, incurred massive losses in its early years of operation. As with many of his other business interests, Sky was heavily subsidised by the profits generated by his other holdings, but convinced rival satellite operator British Satellite Broadcasting to accept a merger on his terms in 1990.[5] They were quick to see the advantages of direct to home (DTH) satellite broadcasting that did not require costly cable networks and the merged company, BSkyB, has dominated the British pay-TV market ever since.[44] By 1996, BSkyB had more than 3.6 million subscribers, triple the number of cable customers in the UK.[5] British financier Lord Jacob Rothschild, a close Murdoch friend since the 1960s, served as deputy chairman of Murdoch’s BSkyB corporation from 2003–2007, and Murdoch jointly invested with Rothschild in a 5.5 percent stake in Genie Oil and Gas, which did shale gas and oil exploration in Israel.[45]

In response to print media’s decline and the increasing influence of online journalism during the 2000s, Murdoch proclaimed his support of the micropayments model for obtaining revenue from on-line news,[46] although this has been criticised by some.[47]

News Corporation has subsidiaries in the Bahamas, the Cayman Islands, the Channel Islands and the Virgin Islands. From 1986, News Corporation’s annual tax bill averaged around seven percent of its profits.[48]

Political activities in United Kingdom

In Britain, in the 1980s, Murdoch formed a close alliance with Conservative prime minister Margaret Thatcher, and The Sun credited itself with helping her successor John Major to win an unexpected election victory in the 1992 general election, which had been expected to end in a hung parliament or a narrow win for Neil Kinnock’s Labour.[49] In the general elections of 1997, 2001 and 2005, Murdoch’s papers were either neutral or supported Labour under Tony Blair. This has led some critics to argue that Murdoch simply supports the incumbent parties (or those who seem most likely to win an upcoming election) in the hope of influencing government decisions that may affect his businesses. This was seen even more when in 1996 the Tory Party had no chance of winning and so he switched support to the Labour Party. However in 2010 it was seen that Labour had no chance of winning and so Murdoch switched support again back to the Tories.

The Labour Party, from when Tony Blair became leader in 1994, had moved from the Left to a more central position on many economic issues prior to 1997. Murdoch identifies himself as a libertarian, saying “What does libertarian mean? As much individual responsibility as possible, as little government as possible, as few rules as possible. But I’m not saying it should be taken to the absolute limit.”[50]

In a speech delivered in New York, Rupert Murdoch said that the British Prime Minister Tony Blair described the BBC coverage of the Hurricane Katrina disaster as being full of hatred of America.[51]

In 1998, Rupert Murdoch made an attempt to buy the football club Manchester United F.C.,[52] with an offer of £625 million, but this failed. It was the largest amount ever offered for a sports club. It was blocked by the United Kingdom’s Competition Commission, which stated that the acquisition would have “hurt competition in the broadcast industry and the quality of British football”.

On 28 June 2006 the BBC reported that Murdoch and News Corporation were considering backing new Conservative leader David Cameron at the next General Election – still up to four years away.[53] In a later interview in July 2006, when he was asked what he thought of the Conservative leader, Murdoch replied “Not much”.[54] In a 2009 blog, it was suggested that in the aftermath of the News of the World phone hacking scandal which is still ongoing in 2012 and might yet have Transatlantic implications[55] Murdoch and News Corporation might have decided to back Cameron.[56] Despite this, there had already been a convergence of interests between the two men over the muting of Britain’s communications regulator Ofcom.[57]

In 2006, Britain’s Independent newspaper reported that Murdoch would offer Tony Blair a senior role in his global media company News Corporation when the prime minister stood down from office.[58]

He is accused by former Solidarity MSP Tommy Sheridan of having a personal vendetta against him and of conspiring with MI5 to produce a video of him confessing to having affairs – allegations over which Sheridan had previously sued News International and won.[59] On being arrested for perjury following the case, Sheridan claimed that the charges were “orchestrated and influenced by the powerful reach of the Murdoch empire”.[60]

In August 2008, British Conservative leader and future Prime Minister David Cameron accepted free flights to hold private talks and attend private parties with Murdoch on his yacht, the Rosehearty.[61] Cameron has declared in the Commons register of interests he accepted a private plane provided by Murdoch’s son-in-law, public relations guru Matthew Freud; Cameron has not revealed his talks with Murdoch. The gift of travel in Freud’s Gulfstream IV private jet was valued at around £30,000. Other guests attending the “social events” included the then EU trade commissioner Lord Mandelson, the Russian oligarch Oleg Deripaska and co-chairman of NBC Universal Ben Silverman. The Conservatives have not disclosed what was discussed.[62]

In July 2011 it emerged that Cameron met key executives of Murdoch’s News Corporation 26 times during the 14 months that Cameron had served as Prime Minister.[63] It was also reported that Murdoch had given Cameron a personal guarantee that there would be no risk attached to hiring Andy Coulson, the former editor of News of the World, as the Conservative Party’s communication director in 2007.[64] This was in spite of Coulson having resigned as editor over phone hacking by a reporter. Cameron chose to take Murdoch’s advice, despite warnings from Nick Clegg, Lord Ashdown and The Guardian.[65] Coulson resigned his post in 2011 and was later arrested and questioned on allegations of further criminal activity at The News of the World, specifically the News International phone hacking scandal.[citation needed]

News International phone hacking scandal

In July 2011 Rupert Murdoch along with his son James gave testimony before a British parliamentary committee regarding phone hacking. In the U.K his media empire remains under fire as investigators continue to probe reports of other phone hacking.[66]

On 14 July, the Culture, Media and Sport Committee of the House of Commons served a summons on Murdoch, his son James, and his former CEO Rebekah Brooks to testify before a committee on 19 July.[67] After an initial refusal, the Murdochs confirmed they would attend after the committee issued them a summons to Parliament.[68] The day before the committee, the website of the News Corporation publication The Sun was hacked, and a false story was posted on the front page claiming that Murdoch had died.[69] Murdoch described the day of the committee “the most humble day of my life”. He argued that since he ran a global business of 53,000 employees and that the News of the World was “just 1%” of this, he was not ultimately responsible for what went on at the tabloid. He added that he had not considered resigning,[70] and that he and the other top executives had been completely unaware of the hacking.[71][72]

On 15 July Rupert Murdoch attended a private meeting in London with the family of Milly Dowler, where he personally apologised for the hacking of their murdered daughter’s voicemail by a company he owns.[73][74] On 16 and 17 July, News International published two full-page apologies in many of Britain’s national newspapers. The first apology took the form of a letter, signed by Rupert Murdoch, in which he said sorry for the “serious wrongdoing” that occurred. The second was titled “Putting right what’s gone wrong”, and gave more detail about the steps News International was taking to address the public’s concerns.[74] In the wake of the allegations Murdoch accepted the resignations of Rebekah Brooks, head of Murdoch’s British operations, and Les Hinton, head of Dow Jones who was chairman of Murdoch’s British newspaper division when some of the abuses happened. They both deny any knowledge of any wrongdoing under their command.[75]

On 27 February 2012, the following day after Murdoch’s controversial release of the Sun on Sunday, Deputy Assistant Commissioner Sue Akers informed the Leveson Inquiry that Police are investigating a “network of corrupt officials” as part of their inquiries into phone hacking and police corruption. Deputy Assistant Commissioner Sue Akers told the Leveson Inquiry that evidence suggested a “culture of illegal payments” at the Sun newspaper and that these payments allegedly made by the Sun were authorised at a senior level.[76]

In testimony on 25 April 2012, Murdoch did not deny the quote attributed to him by his former editor of The Sunday Times, Harold Evans: “I give instructions to my editors all round the world, why shouldn’t I in London?”[77][78] On 1 May 2012, the Culture, Media and Sport Committee issued a report stating that Murdoch was “not a fit person to exercise the stewardship of a major international company”.[79][80]

Activities in the United States

Murdoch made his first acquisition in the United States in 1973, when he purchased the San Antonio Express-News. Soon afterwards, he founded Star, a supermarket tabloid, and in 1976, he purchased the New York Post.[5] On 4 September 1985, Murdoch became a naturalized citizen to satisfy the legal requirement that only US citizens were permitted to own US television stations. This resulted in Murdoch losing his Australian citizenship.[81][82]

Marvin Davis sold Marc Rich‘s interest in 20th Century Fox to Murdoch for $250 million in March 1984. Davis later backed out of a deal with Murdoch to purchase John Kluge‘s Metromedia television stations.[83] Murdoch went alone and bought the stations, and later bought out Davis’ remaining stake in Fox for $325 million.[83] The six television stations owned by Metromedia would form the nucleus of the Fox Broadcasting Company, founded on 9 October 1986, which would go on to have great success with programmes such as The Simpsons and The X-Files.[5]

In 1987 in Australia, he bought The Herald and Weekly Times Ltd, the company that his father had once managed. By 1990 News Corporation had built up debts of $7 billion (much from Sky TV in the UK).[5] forcing Murdoch to sell many of the American magazine interests he had acquired in the mid-1980s. In 1993, it took exclusive coverage of the National Football League (NFL) from CBS and increased programming to seven days a week.[84] In 1995, Murdoch’s Fox Network became the object of scrutiny from the Federal Communications Commission (FCC), when it was alleged that News Ltd.’s Australian base made Murdoch’s ownership of Fox illegal. However, the FCC ruled in Murdoch’s favour, stating that his ownership of Fox was in the best interests of the public. That same year, Murdoch announced a deal with MCI Communications to develop a major news website and magazine, The Weekly Standard. Also that year, News Corporation launched the Foxtel pay television network in Australia in partnership with Telstra. In 1996, Murdoch decided to enter the cable news market with the Fox News Channel, a 24-hour cable news station. Ratings studies released in 2009 showed that the network was responsible for nine of the top ten programs in the “Cable News” category at that time.[85] Rupert Murdoch and Ted Turner (founder and former owner of CNN) are long-standing rivals.[86] In late 2003, Murdoch acquired a 34 percent stake in Hughes Electronics, the operator of the largest American satellite TV system, DirecTV, from General Motors for $6 billion (USD).[24] His Fox movie studio would go on to have global hits with Titanic and Avatar.[87]

In 2004, Murdoch announced that he was moving News Corporation headquarters from Adelaide, Australia to the United States. Choosing a US domicile was designed to ensure that American fund managers could purchase shares in the company, since many were deciding not to buy shares in non-US companies. Some analysts believed that News Corporation’s Australian domicile was leading to the company being undervalued compared with its peers.

News Corporation logo

On 20 July 2005, News Corporation bought Intermix Media Inc., which held Myspace, Imagine Games Network and other social networking-themed websites, for $580 million USD, making Murdoch a major player in online media concerns.[88] In June 2011, it sold off Myspace for US$35 million.[89] On 11 September 2005, News Corporation announced that it would buy IGN Entertainment for $650 million (USD).[90]

In May 2007, Murdoch made a $5 billion offer to purchase Dow Jones. At the time, the Bancroft family, who had owned the Dow Jones for 105 years and controlled 64% of the shares at the time, firmly declined the offer, opposing Murdoch’s much-used strategy of slashing employee numbers and gutting existing systems. Later, the Bancroft family confirmed a willingness to consider a sale. Besides Murdoch, the Associated Press reported that supermarket magnate Ron Burkle and Internet entrepreneur Brad Greenspan were among the other interested parties.[91] In 2007, Murdoch acquired Dow Jones,[92][93] which gave him such publications as The Wall Street Journal, Barron’s Magazine, the Far Eastern Economic Review (based in Hong Kong) and SmartMoney.[94]

Political activities in the United States

McNight (2010) identifies four characteristics of his media operations: free market ideology; unified positions on matters of public policy; global editorial meetings; and opposition to a perceived liberal bias in other public media.[95]

On 8 May 2006, the Financial Times reported that Murdoch would be hosting a fund-raiser for Senator Hillary Clinton‘s (D-New York) Senate re-election campaign.[96] In a 2008 interview with Walt Mossberg, Murdoch was asked whether he had “anything to do with the New York Posts endorsement of Barack Obama in the democratic primaries.” Without hesitating, Murdoch replied, “Yeah. He is a rock star. It’s fantastic. I love what he is saying about education. I don’t think he will win Florida… but he will win in Ohio and the election. I am anxious to meet him. I want to see if he will walk the walk.”[97][98] Murdoch is a strong supporter of Israel and its domestic policies.[99]

In 2010 News Corporation gave $1 million to the Republican Governors Association and $1 million to the conservative U.S. Chamber of Commerce.[100][101][102] Murdoch also served on the board of directors of the libertarian Cato Institute.[103] He is a member of the Council on Foreign Relations.[104] Murdoch is also a supporter of the Stop Online Piracy Act and Protect Intellectual Property Act.[105]

Murdoch is a supporter of more open immigration policies in western nations generally.[106] In the United States, Murdoch and chief executives from several major corporations including Hewlett-Packard, Boeing and Disney joined New York City Mayor Michael Bloomberg to form the Partnership for a New American Economy to advocate “for immigration reform – including a path to legal status for all undocumented immigrants now in the United States.”[107] The coalition, reflecting Murdoch and Bloomberg’s own views, also advocates significant increases in legal immigration to the United States as a means of boosting America’s sluggish economy and lowering unemployment. The Partnership’s immigration policy prescriptions are notably similar to those of the Cato Institute and the U.S. Chamber of Commerce—both of which Murdoch has supported in the past.[108] The Wall Street Journal editorial page has similarly advocated for increased legal immigration, in contrast to the staunch anti-immigration stance of Murdoch’s British newspaper, The Sun.[109] On 5 September 2010, Murdoch testified before the House Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law Membership on the “Role of Immigration in Strengthening America’s Economy.” In his testimony, Murdoch called for ending mass deportations and endorsed a “comprehensive immigration reform” plan that would include a pathway to citizenship for all illegal immigrants.[107]

In the 2012 U.S. Presidential election, Murdoch has been critical of the competence of Mitt Romney‘s team but nonetheless has been strongly supportive of a Republican victory, tweeting: “Of course I want him [Romney] to win, save us from socialism, etc.”[110]

Activities in Europe

Murdoch owns controlling interest in Sky Italia, a satellite television provider in Italy.[111] Murdoch’s business interests in Italy have been a source of contention since they began.[111] In 2010 Murdoch won a media dispute with then Italian Prime Minister Silvio Berlusconi. A judge ruled the then Prime Minister’s media arm Mediaset prevented News Corporation’s Italian unit, Sky Italia, from buying advertisements on its television networks.[112]

Activities in Asia

In 1993, Murdoch acquired Star TV, a Hong Kong company founded by Richard Li[113] for $1 billion (Souchou, 2000:28), and subsequently set up offices for it throughout Asia. The deal enables News International to broadcast from Hong Kong to India, China, Japan and over thirty other countries in Asia, becoming one of the biggest satellite TV networks in the east.[5] However, the deal did not work out as Murdoch had planned, because the Chinese government placed restrictions on it that prevented it from reaching most of China.

Family

Marriages

Murdoch with his third wife, Wendi, in 2011

In 1956 Murdoch married Patricia Booker, a former shop assistant and flight attendant from Melbourne and they had their only child, Prudence, in 1958.[114][115] Rupert and Patricia Murdoch divorced in 1967.[2] In 1967 Murdoch married Anna Maria Torv (Tõrv),[114] a Scottish-born cadet journalist working for his Sydney newspaper The Daily Telegraph (not to be mistaken for the actress Anna Torv of Fringe who is the elder Torv’s niece).[2] During his marriage to Torv, a Roman Catholic, Murdoch was made a Knight of the Order of Saint Gregory the Great (KSG), a papal honour awarded by Pope John Paul II.[116] Torv and Murdoch had three children: Elisabeth Murdoch (born in Sydney, Australia on 22 August 1968), Lachlan Murdoch (born in London, UK on 8 September 1971), and James Murdoch, (born in London on 13 December 1972).[114][115] Murdoch’s companies published two novels by his then wife: Family Business (1988) and Coming to Terms (1991), both widely regarded[117] as vanity publications. They divorced in June 1999. Anna Murdoch received a settlement of US$ 1.2 billion in assets.[118]

On 25 June 1999, 17 days after divorcing his second wife, Murdoch, then aged 68, married Chinese-born Deng Wendi (Wendi Deng).[119] She was 30, a recent Yale School of Management graduate, and a newly appointed vice-president of his STAR TV. Murdoch now has two daughters with her; Grace (born 2001) and Chloe (born 2003).

Children

Murdoch has six children.[120] His eldest child, Prudence MacLeod, was appointed on 28 January 2011 to the board of Times Newspapers Ltd, part of News International, which publishes The Times and The Sunday Times.[121] Murdoch’s eldest son Lachlan, formerly the deputy chief operating officer at the News Corporation and the publisher of the New York Post, was Murdoch’s heir apparent before resigning from his executive posts at the global media company at the end of July 2005.[120] Lachlan’s departure left James Murdoch chief executive of the satellite television service British Sky Broadcasting since November 2003, as the only Murdoch son still directly involved with the company’s operations, though Lachlan has agreed to remain on the News Corporation’s board.[122]

After graduating from Vassar College[123] and marrying classmate Elkin Kwesi Pianim (the son of Ghanaian financial and political mogul Kwame Pianim) in 1993,[123] Murdoch’s daughter Elisabeth, along with her husband, purchased a pair of NBC-affiliate television stations in California, KSBW and KSBY, with a $35 million loan provided by her father. By quickly re-organising and re-selling them at a $12 million profit in 1995, Elisabeth emerged as an unexpected rival to her brothers for the eventual leadership of the publishing dynasty’s empire. But after divorcing her first husband in 1998 and quarrelling publicly with her assigned mentor Sam Chisholm at BSkyB, she struck out on her own as a television and film producer in London. She has since enjoyed independent success, in conjunction with her second husband, Matthew Freud, the great-grandson of Sigmund Freud (the founder of psychoanalysis) whom she met in 1997 and married in 2001.[123]

It is not known how long Murdoch will remain as News Corporation’s CEO. For a while the American cable television entrepreneur John Malone was the second-largest voting shareholder in News Corporation after Murdoch himself, potentially undermining the family’s control. In 2007, the company announced that it would sell certain assets and give cash to Malone’s company in exchange for its stock. In 2007, the company issued Murdoch’s older children voting stock.[citation needed]

Rupert Murdoch has two children with Wendi Deng: Grace (b. New York, 19 November 2001)[3] and Chloe (b. New York, 17 July 2003).[2][115] It was revealed in September 2011 that Tony Blair is Grace’s godfather.[124] There is reported to be tension between Murdoch and his oldest children over the terms of a trust holding the family’s 28.5 percent stake in News Corporation, estimated in 2005 to be worth about $6.1 billion. Under the trust, his children by Wendi Deng share in the proceeds of the stock but have no voting privileges or control of the stock. Voting rights in the stock are divided 50/50 between Murdoch on the one side and his children of his first two marriages. Murdoch’s voting privileges are not transferable but will expire upon his death and the stock will then be controlled solely by his children from the prior marriages, although their half-siblings will continue to derive their share of income from it. It is Murdoch’s stated desire to have his children by Deng given a measure of control over the stock proportional to their financial interest in it (which would mean, if Murdoch dies while at least one of the children is a minor, that Deng would exercise that control). It does not appear that he has any strong legal grounds to contest the present arrangement, and both ex-wife Anna and their three children are said to be strongly resistant to any such change.[125]

Portrayal on television, in film, books and music

Murdoch and rival newspaper and publishing magnate Robert Maxwell are thinly fictionalised as “Keith Townsend” and “Richard Armstrong” in The Fourth Estate by British novelist and former MP Jeffrey Archer.[126]

Murdoch has been portrayed by Barry Humphries in the 1991 mini-series Selling Hitler, Hugh Laurie in a parody of It’s a Wonderful Life in the television show A Bit of Fry & Laurie, Ben Mendelsohn in the film Black and White, Paul Elder in The Late Shift and by himself on The Simpsons, first in “Sunday, Cruddy Sunday” and later in “Judge Me Tender“.

It has been speculated that the character of Elliot Carver, the global media magnate and main villain in the 1997 James Bond movie Tomorrow Never Dies, is based on Murdoch. The writer of the film, Bruce Feirstein, has stated that Carver was actually inspired by British press magnate Robert Maxwell, who was one of Murdoch’s rivals.[127]

Since both Rupert Murdoch and Robert Maxwell had the same initials they were often confused by the public. This confusion was exploited by the writers of the British situation comedy ‘Drop the Dead Donkey‘ which was set in a TV newsroom who chose to name the fictional proprietor Sir Roysten Merchant (initials RM). The writers state on their DVD commentares that it was “fortunate” for them that the two men shared the same initials.

In the 1997 film Fierce Creatures, the head of Octopus Inc. Rod McCain (initials R.M.) character is likely modelled after Murdoch.[128]

In 1999, the Ted Turner owned TBS aired an original sitcom, The Chimp Channel. This featured an all-simian cast and the role of an Australian TV veteran named Harry Waller. The character is described as “a self-made gazillionaire with business interests in all sorts of fields. He owns newspapers, hotel chains, sports franchises and genetic technologies, as well as everyone’s favourite cable TV channel, The Chimp Channel.” Waller is thought to be a parody of Murdoch, a long-time rival of Turner’s.[129]

In 2004, the movie Outfoxed included many interviews accusing Fox News of pressuring reporters to report only one side of news stories, in order to influence viewers’ political opinions.[130]

In 2012, the satirical show Hacks, broadcast on UK-based Channel 4, made obvious comparisons with Rupert Murdoch using the fictional character ‘Stanhope Feast’, as well as other central figures in the phone hacking scandal[131]

Michael Fleisher created Rupert M. Dockery, a villainous newspaper mogul, for his run on Spider-Woman.

Influence, wealth and reputation

Murdoch’s reputation and influence have been noted, both positively and negatively.

According to the 2011 list of Forbes richest Americans, Murdoch is the 38th richest person in the US and the 106th-richest person in the world, with a net worth of $8.3 billion.[1]

Murdoch has been listed three times in the Time 100 as among the most influential people in the world. In May 2012, Forbes ranked him as the 24th most powerful person in the world.[132]

In connection with Murdoch’s testimony to the Leveson Inquiry “into the ethics of the British press”, editor of Newsweek International, Tunku Varadarajan, referred to him as “the man whose name is synonymous with unethical newspapers”.[133]

See also

Notes

  1. ^ a b “Forbes”. Retrieved March 2012
  2. ^ a b c d e f g h “Rupert Murdoch and His Family”. International Business Times. 9 July 2011. Retrieved 24 July 2011.
  3. ^ a b c d e f g Walker, Andrew (31 July 2002). “Rupert Murdoch: Bigger than Kane”. British Broadcasting Corporation. Retrieved 27 December 2009.
  4. ^ “Honours”. Australia: The Government. Retrieved 27 February 2010. “AC AD84. For service to the media, particularly the newspaper publishing industry”
  5. ^ a b c d e f g h i j k l m n The encyclopedia of the history of American management (2005) Morgen Witzel Continuum International Publishing Group p393 ISBN 978-1-84371-131-5
  6. ^ “Fortune”. CNN. Retrieved 20 May 2010.
  7. ^ “PowerPoint Presentation” (PDF). Retrieved 11 July 2011.
  8. ^ Siklos, Richard (9 February 2009). “Why Disney wants DreamWorks”. CNN. Retrieved 20 May 2010.
  9. ^ “News Corporation – Annual Report 2007″. Newscorp.com. 30 June 2007. Retrieved 11 July 2011.
  10. ^ “Rupert Murdoch faces authors’ revolt”. BBC. 1 March 1998. Retrieved 24 July 2011.
  11. ^ “Phone hacking: David Cameron announces terms of phone-hacking inquiry”. The Telegraph (London). 13 July 2011. Retrieved 13 July 2011.
  12. ^ Ed Pilkington in New York, Andrew Gumbel and agencies (14 July 2011). “FBI to investigate News Corporation over 9/11 hacking allegations”. The Guardian (London). Retrieved 24 April 2012.
  13. ^ “Rupert Murdoch resigns as News International director”. BBC News (London). 21 July 2012. Retrieved 21 July 2012.
  14. ^ Burns, John F.; Somaiya, Ravi (23 July 2012). “Murdoch Resigns From His British Papers’ Boards”. The New York Times.
  15. ^ a b Barnett, Laura (20 July 2011). “If only Rupert Murdoch would listen to his mother”. The Guardian (London). Retrieved 24 April 2012.
  16. ^ Sue Vander Hook (2011). Rupert Murdoch: News Corporation Magnate. ABDO. pp. 19. ISBN 978-1-61714-782-1.
  17. ^ The Corian LXXIV (1): 6. May 1948.
  18. ^ The Corian LXXVII (1): 23. May 1950.
  19. ^ “Oxford Today, Oxford University alumni magazine”. Oxford Today (Oxford). Retrieved 11 April 2011.[dead link]
  20. ^ “Last of the moguls”. The Economist. 21 July 2011. Retrieved 21 July 2011.
  21. ^ “Profile: Rupert Murdoch”. The Scotsman. 13 July 2011. Retrieved 24 April 2012.
  22. ^ “The Age”. Melbourne. 28 January 2009
  23. ^ Dr Engledow, Sarah. “Vintage Cassab”. Magazine of Australian and International Portraiture. National Portrait Gallery, Australia. December 2006 – February 2007. Retrieved 24 July 2011.
  24. ^ a b Rupert Murdoch: News Corporation Magnate (2011) Sue Vander Hook. ABDO Publishing ISBN 1-61714-782-6 p88
  25. ^ “A long way to the bottom”. Sydney Morning Herald. 9 November 2005. Retrieved 24 April 2012.
  26. ^ a b Don Garden, Theodor Fink: A Talent for Ubiquity (Melbourne University Press 1998)
  27. ^ Milliken, Robert (14 August 1994). “A man of selfish loyalties: Rupert Murdoch’s apparent overture to Tony Blair strikes a chilling chord among Australian politicians he has supported”. The Independent (London). Retrieved 24 July 2011.
  28. ^ Shawcross, (1987) pp. 30–39
  29. ^ Michael Roland, Murdoch tight-lipped on election, ABC News Online, published 20 October 2007
  30. ^ 7 November 2009 12:00 am (7 November 2009). “Rudd too sensitive for own good: Murdoch”. The Australian. Retrieved 25 April 2010.
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  36. ^ “[Murdoch] guaranteed that editors would have control of the political policy of their newspapers … that the editors would not be subject to instruction from the proprietor on selection and balance of news and opinion … that instructions to journalists would be given only by their editor”. Harold Evans Good Times, Bad Times. 1984
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  39. ^ Mulholland, Hélène (12 November 2009). “Gordon Brown spoke to Rupert Murdoch after misspelling row”. The Guardian (London).
  40. ^ Page (2003), pp. 368–93
  41. ^ Timms, Dominic (12 October 2004). “The Guardian”. London
  42. ^ Rt. Hon. Tony Benn cited in Hansard, 8 May 1986. ‘The mounted police advanced out of the plant exactly as the tactical options manual says that they should. They ran into the crowd. They were covered by riot police who did several things. First they ran indiscriminately into the crowd and battered people who had had nothing whatsoever to do with any stones that might have been thrown… They surrounded the bus that was acting as an ambulance. One man had a heart attack and I appealed over the loudspeaker for the police to withdraw to allow an ambulance to come. None was allowed for 30 minutes. When the man was put on a trestle a police horse jostled it and the man nearly fell off as he was carried out to the ambulance. The police surrounded the park where the meeting took place. They surrounded the area so that people could not escape.’
  43. ^ Murdoch protests come full circle 25 years on. UK: Reuters. 8 July 2011
  44. ^ Submission to the ITC on competition issues arising from the award of digital terrestrial television multiplex licences. UK: OFTEL. “The OFT has already found BSkyB to be dominant in the wholesale market for premium programming content (particularly certain sports and movie rights). BSkyB also currently controls the satellite network for direct to the home (DTH) pay television in the UK. Given its control of premium programming content, it also controls a vital input into the cable companies transmission and programme activities”
  45. ^ . 2010
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  52. ^ “The Independent”. London. 10 April 1999
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  56. ^ “Rupert Murdoch to back David Cameron at next general election”. The Daily Telegraph (London). 10 July 2009. Retrieved 10 April 2010.
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  59. ^ “Sheridan claims to be ‘victim of MI5 plot’”. The Scotsman (UK). Retrieved 25 April 2010.[dead link]
  60. ^ Sengupta, Kim (17 December 2007). “Tommy Sheridan charged with perjury”. The Independent (London). Retrieved 25 April 2010.
  61. ^ Grice, Andrew (24 October 2008). “Cameron, Murdoch and a Greek island freebie”. The Independent (London). Retrieved 25 October 2008.
  62. ^ Hencke, David (25 October 2008). “Tories try to play down Aegean dinner”. The Guardian (London). Retrieved 25 October 2008.
  63. ^ VOA News“. 16 July 2011
  64. ^ Merrick, Jane; Hanning, James; Chorley, Matt; Brady, Brian (10 July 2011). “The Battle of Wapping, Mk II – Press, Media”. The Independent (UK). Retrieved 12 July 2011.
  65. ^ Toby Helm and Daniel Boffey (9 July 2011). “Phone hacking: I warned No 10 over Coulson appointment, says Ashdown”. The Guardian (UK). Retrieved 12 July 2011.
  66. ^ “CC Murdoch pie thrower reportedly blogging from prison”. CNN. 16 August 2011. Retrieved 24 April 2012.
  67. ^ Fortado, Lindsay; Penny, Thomas (13 July 2011). “News Corp.’s Murdoch Faces Six U.K. Inquiries as Parliament Seeks Hearing”. Bloomberg. Retrieved 24 July 2011.
  68. ^ “Phone hacking: Murdochs agree to appear before MPs”. BBC. 14 July 2011. Retrieved 24 April 2012.
  69. ^ Rovzar, Chris (18 July 2011). “Website of Murdoch’s Sun Hacked”. New York Magazine. New York Media Holdings (New York City). Archived from the original on 18 July 2011. Retrieved 18 July 2011.
  70. ^ “Phone hacking: ‘Humbled’ Murdoch rejects blame”. BBC News. 19 July 2011. Retrieved 19 July 2011.
  71. ^ “Murdochs, Brooks, Police testify in phone-hacking scandal”. CNN. 19 July 2011. Retrieved 19 July 2011.
  72. ^ Lyall, Sarah (19 July 2011). “Murdochs Say Top Executives Didn’t Know of Phone Hacking”. The New York Times. Retrieved 19 July 2011.
  73. ^ “Rupert Murdoch ‘sorry’ in newspaper adverts”. BBC News. 16 July 2011. Retrieved 16 July 2011.
  74. ^ a b Lisa O’ Carroll (16 July 2011). “Rupert Murdoch’s public acts of contrition”. The Guardian (London). Retrieved 24 April 2012.
  75. ^ “Wall Street Journal publisher resigns”. Heraldtribune.com. 15 July 2011. Retrieved 24 April 2012.
  76. ^ “Leveson Inquiry: Evidence suggests ‘network of corrupt officials’”. BBC News. 27 February 2012. Retrieved 27 February 2012.
  77. ^ Helen Pidd (26 April 2012). “Just what hasn’t Rupert Murdoch read?”. London: guardian.co.uk. Retrieved 21 April 2012.
  78. ^ “Transcript of Morning Hearing 25 April 2012″. The Leveson Inquiry. p. 33. Retrieved 26 April 2012.
    Robert Jay QC: This is 4 March 1983. You apparently said this: “I give instruction to my editors all round the world, why shouldn’t I in London?” Do you remember saying that?
    Murdoch: No, I don’t.
  79. ^ Wintour, Patrick; Sabbagh, Dan; Halliday, Josh (1 May 2012). “Phone-hacking: MPs clash over when Murdoch criticisms were discussed”. The Guardian (London). Retrieved 1 May 2012.
  80. ^ “Rupert Murdoch ‘not a fit person’ to lead News Corp – MPs”. BBC News. 1 May 2012. Retrieved 2 May 2012.
  81. ^ Given, Jock (December 2002). “Foreign Ownership of Media and Telecommunications: an Australian story” (PDF). Media & Arts Law Review 7 (4): 253.[dead link]
  82. ^ “The World’s Billionaires No.73 Rupert Murdoch”. Forbes. 7 October 2007. Retrieved 8 October 2009.
  83. ^ a b Michael Wolff (5 May 2010). The Man Who Owns the News: Inside the Secret World of Rupert Murdoch. Random House. pp. 167–. ISBN 978-1-4090-8679-6. Retrieved 19 February 2012.
  84. ^ Rupert Murdoch: News Corporation Magnate (2011) Sue Vander Hook. ABDO Publishing ISBN 1-61714-782-6 pp78-9
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  86. ^ “Turner: Murdoch is a ‘warmonger’”. The Guardian (London). 25 April 2003. Retrieved 24 April 2012.
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  88. ^ “News Corp in $580m internet buy”. News (BBC). 19 July 2005. Retrieved 29 August 2010.
  89. ^ Fixmer, Andy, “News Corp. Calls Quits on Myspace With Specific Media Sale”, Business Week, 29 June 2011
  90. ^ “News Corp. Acquires IGN for $650 Million”. BusinessWeek. 11 September 2005. Retrieved 25 April 2010.
  91. ^ “Burkle, Web Exec Might Team on Dow” USA Today
  92. ^ Litterick, David (1 August 2007). “Report of acquisition”. The Daily Telegraph (London). Retrieved 25 April 2010.
  93. ^ Day to Day. “Marketplace Report: Murdoch’s Big Buy”. NPR. Retrieved 25 April 2010.
  94. ^ Rupert Murdoch: News Corporation Magnate (2011) Sue Vander Hook. ABDO Publishing ISBN 1-61714-782-6 p92
  95. ^ McKnight, David (Sept 2010). “Rupert Murdoch’s News Corporation: A Media Institution with A Mission”. ‘Historical Journal of Film, Radio & Television. 30. pp. 303–16
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  97. ^ Sullivan, Andrew (29 May 2008). “The Daily Dish”. The Atlantic. Retrieved 25 April 2010.
  98. ^ Rosen, Hilary (5 June 2008). “Rupert Murdoch Says Obama Will Win”. Huffington Post (USA). Retrieved 25 April 2010.
  99. ^ 11 December 2007 “The Murdochs and the Middle East”[dead link] The Spectator.
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  101. ^ “Rupert Murdoch’s News Corp. donates $1M to U.S. Chamber of Commerce”. The Plain Dealer. Cleveland.com. 2 October 2010. Retrieved 10 October 2010.
  102. ^ “Murdoch says Kasich friendship influenced $1 million donation”. News. Yahoo!. 7 October 2010. Retrieved 11 October 2010.[dead link]
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  104. ^ “Membership Roster – Council on Foreign Relations”. Cfr.org. Retrieved 24 April 2012.
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  106. ^ Adegoke, Yinka (17 November 2011). “Murdoch backs progressive U.S. immigration policy | MediaFile | Analysis & Opinion”. Blogs.reuters.com. Retrieved 24 April 2012.
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    .
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References

  • Chenoweth, Neil (2001). Rupert Murdoch, the untold story of the world’s greatest media wizard. New York: Random House.
  • Dover, Bruce. Rupert’s Adventures in China: How Murdoch Lost A Fortune And Found A Wife (Mainstream Publishing).
  • Ellison, Sarah. War at the Wall Street Journal: Inside the Struggle To Control an American Business Empire, Houghton Mifflin Harcourt, 2010. ISBN 978-0-547-15243-1 (Also published as: War at The Wall Street Journal: How Rupert Murdoch Bought an American Icon, Melbourne, Text Publishing, 2010.)
  • Evans, Harold. Good Times, Bad Times, London: Weidenfeld and Nicolson, 1983
  • Harcourt, Alison (2006). European Union Institutions and the Regulation of Media Markets. London, New York: Manchester University Press. ISBN 0-7190-6644-1.
  • McKnight, David. “Rupert Murdoch’s News Corporation: A Media Institution with A Mission,” Historical Journal of Film, Radio and Television, Sept 2010, Vol. 30 Issue 3, pp 303–316
  • Page, Bruce (2003). The Murdoch Archipelago. Simon and Schuster UK.
  • Shawcross, William (1997). Murdoch: the making of a media empire. New York: Simon and Schuster.
  • Souchou, Yao (2000). House of Glass – Culture, Modernity, and the State in Southeast Asia. Bangkok: White Lotus.

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Rupert Murdoch
 

Rupert Murdoch

At a Glance
  • Chairman and CEO, News Corp
  • Age: 81
  • Source of Wealth: News Corp, self-made
  • Residence: New York, NY
  • Country of Citizenship: United States
  • Education: Master of Arts, Oxford University; Bachelor of Arts / Science, Oxford University
  • Marital Status: Married
  • Children: 6
The data in this section is provided by Morningstar and is based on federal disclosure filings. Figures here may differ from Forbes estimates that take into account more recent changes.
News Corp
Compensation for 2011
Salary $8,100,000
Bonus $12,500,000
Restricted stock awards $8,527,321
All other compensation $308,432
Option awards $0
Non-equity incentive plan compensation $0
Change in pension value and nonqualified deferred compensation earnings $3,857,000
Total Compensation $33,292,753
DIRECTV
Director Compensation for 2008
All other compensation $35,079
Total Compensation $35,079
British Sky Broadcasting Group PLC
Director Compensation for 2008
Fees earned or paid in cash $32,404
Total Compensation $32,404
News Corporation
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Rupert Murdoch to Get Raise, Robert Thomson Could Earn $4M Post-News Corp. Split

Published: December 21, 2012 @ 6:51 am
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By Brent Lang

Robert Thomson could earn as much as $4 million to oversee News Corp.’s new publishing company, public filings reveal.

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If News Corp. splits itself into two separate companies, as it plans to do, Chairman Rupert Murdoch will also get a bump in salary. The Securities and Exchange documents do not indicate what his total compensation package will look like after the media giant is demerged, but it does say that as he will be serving the same role in two different companies, his salary will “increase modestly.”Murdoch made over $30 million in total compensation during the last fiscal year.

Thomson will face fierce headwinds when it comes to pushing the newspaper and book publishing divisions back into profitability. The proxy statement reveals that News Corp.’s publishing assets lost over $2 billion in the fiscal year ending in June; it had booked a profit of $678 million the previous year. Revenue for the period was $8.6 billion.

The fiscal picture is still murky. For its most recent quarter, News Corp.’s publishing division lost $92 million on $2.1 billion in revenue. It had made a profit of $38 million in the same period last year.

In June, News Corp. announced it would split into two companies — one for its publishing assets, including the Wall Street Journal, the New York Post and HarperCollins, the other for its film and television businesses, including 20th Century Fox studio and Fox News cable channel. The publishing company will be named News Corp., while the film and television business will be christened Fox Group.

Earlier this month, Thomson was named head of the new publishing company after serving as Dow Jones editor-in-chief and Wall Street Journal managing editor. In his new role, Thomson’s compensation package would include a base salary of $2 million and a performance-based annual bonus of up to $2 million.

News Corp.’s proposed split is still subject to regulatory approval.

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Hugh Grant: ‘Substantial’ settlement in Rupert Murdoch phone hacking scandal

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Hugh Grant has won a “substantial settlement” against Rupert Murdoch’s now-defunct News of the World. (Photo by PETER MACDIARMID/GETTY IMAGESges))
Vicki Hyman/The Star-Ledger By Vicki Hyman/The Star-Ledger
on December 21, 2012 at 4:20 PM, updated December 21, 2012 at 4:21 PM
 
 
 
   
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Hugh Grant, who became one of the most high-profile crusaders against phone hacking and other distasteful (and, yes, illegal) press tactics after being targeted by Rupert Murdoch‘s News of the World, settled his lawsuit against the now-closed newspaper for a “substantial” sum, Grant’s lawyer tells the Associated Press.

The money — the amount was not disclosed — will go to Hacked Off, which seeks more oversight of the British press. His lawyer did not detail Grant’s claims in public, but says they result from “the unlawful activities of News of the World journalists and others over a number of years.”

Murdoch closed News of the World after it was revealed reporters there hacked into the voice mails of celebrities and other subjects of news coverage. Grant, along with Sienna Miller and J.K. Rowling, testified at an inquiry last year about intrusive press methods. A slew of writers and editors at the News of the World (plus Rebekah Brooks, formerly the chief executive officer of Murdoch’s News International) and other newspapers have been arrested and charged with phone hacking or conspiring to cover up the scandal.

For more entertainment news and gossip, look for Vicki Hyman’s column ‘Vicki’s Dish’ Tuesdays-Saturdays in The Star-Ledger.

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OUTFOXED: Rupert Murdoch's War on Journalism 1Watch the Trailer 2Buy the DVD 3Take Action

 

About Outfoxed
“Outfoxed” examines how media empires, led by Rupert Murdoch’s Fox News, have been running a “race to the bottom” in television news. This film provides an in-depth look at Fox News and the dangers of ever-enlarging corporations taking control of the public’s right to know.The film explores Murdoch’s burgeoning kingdom and the impact on society when a broad swath of media is controlled by one person.

Media experts, including Jeff Cohen (FAIR) Bob McChesney (Free Press), Chellie Pingree (Common Cause), Jeff Chester (Center for Digital Democracy) and David Brock (Media Matters) provide context and guidance for the story of Fox News and its effect on society.

This documentary also reveals the secrets of Former Fox news producers, reporters, bookers and writers who expose what it’s like to work for Fox News.  These former Fox employees talk about how they were forced to push a “right-wing” point of view or risk their jobs. Some have even chosen to remain anonymous in order to protect their current livelihoods. As one employee said “There’s no sense of integrity as far as having a line that can’t be crossed.”

Director/Producer Robert Greenwald has produced and/or directed 53 television movies, miniseries and features. He is the director of Iraq for Sale: The War Profiteers, Wal-Mart: The High Cost of Low Price, Uncovered: The Iraq War and the Executive Producer of the UN series – Unprecedented, Uncovered and Unconstitutional. His new media company, Brave New Films, recently distributed The Big Buy: Tom DeLay’s Stolen Congress and produced two new TV series – the “ACLU Freedom Files” and “The Sierra Club Chronicles” – which can be seen on Link TV and via the internet.

Running Time: 77 minutes

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Juan Williams Tells Fox News Sunday Benghazi Is Long ‘Dead And Over’

Posted by Ellen · December 23, 2012 7:52 PM · 4 reactions

As I posted earlier today, Fox & Friends tried to revive Benghazi-Gate by hyping Sen. James Inhofe’s ridiculous claim that Benghazi is “probably the greatest cover-up in my memory.” Later, on Fox News Sunday, host Chris Wallace brought up the recent State Department investigation which “laid the blame at the Assistant Secretary level, not at the level of Secretary of State Clinton” and asked his panel if the controversy is “effectively over.”

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The Five Grouse About Obama’s Remarks Interrupting Perino At A Rodeo

Posted by Brian · December 23, 2012 2:54 PM · 7 reactions

On Friday’s The Five (12/21/12), a segment featuring Dana Perino at a rodeo was interrupted by President Obama speaking on the fiscal cliff. Greg Gutfeld sneered, “So, basically, we’re going to preempt Dana Perino’s rodeo package for President Obama.”

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Megyn Kelly Is Part Of War On Christmas?!

Posted by Priscilla · December 23, 2012 11:21 AM · 3 reactions

Paging Father Christmas Bill O’Reilly, STAT!  There has been a most grievous Christmas transgression by Megyn Kelly. Despite O’Reilly’s proscription on using the word “holiday” rather than Christmas, Ms. Kelly’s “Kelly’s Court” segment was about, OMG (cover your eyes Baby Jesus) “Legal Lessons For Holiday Hosts If Party Guests Get Too Merry” – a chyron that was up for the entire segment. To make matters worse, Ms. Kelly, OMG (cover your ears Baby Jesus) actually uttered that obscene word “holiday.” Is Megyn Kelly one of the nasty “secular-progressive” who are trying to ruin Christmas?  What say you Bill O’Reilly?

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Van Susteren Not Happy About Fox News’ Snarky Comments About Hillary Clinton’s Concussion

Posted by Ellen · December 22, 2012 10:41 PM · 5 reactions

Not long ago, we posted about John Bolton’s sneering accusation that Hillary Clinton was lying about having a concussion in order to get out of having to testify about Benghazi. And he was far from the only one on Fox News. Bolton made his jab on On The Record. At the time, host Greta Van Susteren fired back. But she also took to her Fox News blog, GretaWire to explicitly disagree with her other Fox News colleagues.

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Sean Hannity Waterboard Weasel – 1340 Days Since Promising To Undergo Waterboarding For Charity

Posted by Ellen · December 22, 2012 5:30 PM · 11 reactions

It has now been 1340 days, or three years and eight months, since Sean Hannity said, on April 22, 2009, he’d undergo waterboarding to prove it’s not torture – and do it to raise money for charity. Time to man up, Sean, to borrow one of you favorite phrases and either fulfill your promise or explain why you haven’t.

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Fox & Friends Jolly Santa Is A Potty Mouthed Ladies Man?

Posted by Priscilla · December 22, 2012 2:32 PM · 10 reactions

Earlier this week, “Santa” (aka Sal Lizard) visited the happy Christmas curvy couch crew, on Fox & Friends, to discuss his new book about the “true meaning of Christmas” which, for Santa, is all about fighting Christmas “political correctness”- something that he has in common with Christmas warrior queen, Gretchen Carlson. During the interview Steve Doocy said that “We know that you love the spirit of Christmas throughout the year.” Well, unbeknownst to Doocy, Mr. Lizard (who also does a “Vampire Santa”) loves not just Christmas, but ladies, too. In the Christmas spirit, Lizard, who describes himself as a “dirty old man,” and “pleaser of women,” knows that if those ladies don’t leave Santa cookies, he will “eat their pie.” He also urges women to sit on his lap cuz he’ll “be there” for them. Too bad jolly Santa didn’t extend that invite to Gretch. She loves Christmas so who knows, she might have enjoyed it!

H/T Mediaite

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Michelle Malkin Stands Up For ‘Witch Hunt Victim’ NRA

Posted by Ellen · December 22, 2012 12:19 PM · 12 reactions

Michelle Malkin visited Fox & Friends Weekend this morning where the Curvy Couch Crew asked her about the National Rifle Association’s bizarre press conference yesterday. It was so bizarre that even conservatives panned it. But Malkin used the occasion to smear her political foes with her usual inflammatory rhetoric – and at the same time whine that this immediate aftermath of the Newtown massacre should be a time of “sober reflection” and inclusive discussion.

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Toby Keith Skewers The War On Christmas

Posted by Ellen · December 22, 2012 12:12 AM · 11 reactions

Toby Keith appeared on Stephen Colbert’s 2008 Christmas special and performed this song for the occasion. Such a dead-on parody that some conservatives thought he was serious.

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Cavuto Pretends Rich Americans Will Be Like Gerard Depardieu And Leave The Country If Their Taxes Go Up

Posted by Brian · December 21, 2012 7:33 PM · 11 reactions

On Your World Wednesday (12/19/12), Sen. Rand Paul (R-KY) spoke about actor Gerard Depardieu’s decision to leave France for Belgium because of higher income taxes on the rich. As Paul spoke, a banner on the screen read: TAX HIKES ON RICH FUEL EXODUS TO “WEALTH-FRIENDLY” NATIONS.

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Steve Doocy Effuses Over Robert Bork’s ‘Great Contributions To America’

Posted by Priscilla · December 21, 2012 3:44 PM · 11 reactions

Steve Doocy can always be counted on to express slobbering praise for anything and anybody connected to right wing Republicanism. But this morning, he outdid himself in his gushing paean to conservative judicial icon, Robert Bork died earlier this week. In introducing his guest, the dean of the law school at the uber conservative Catholic AveMariaUniversity, Doocy said Bork “never made it to the Supreme Court; but his contributions to America were great.” Really, Steve?  What was great, however, was Steve’s valiant efforts to advance the patented right wing propaganda that is a staple of the patented, propaganda pushing Fox & Friends.

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Monday, December 24, 2012

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Rupert Murdoch

Hector Mata/Agence France-Presse — Getty Images

Updated: Dec. 3, 2012

Overview

In an era of media empires, Rupert Murdoch, the Australian-born chairman and controlling shareholder of News Corporation, is perhaps the preeminent global media magnate. The $53 billion New York-based company — which owns Fox News, The Wall Street Journal, The New York Post and 20th Century Fox film studio, among other assets — is one of the world’s largest media conglomerates.

In the worlds of politics as well as media, Mr. Murdoch has been one of the most influential figures of our time, and nowhere more so than in Britain, where he made his mark in newspapers. When David Cameron became prime minister in May 2010, one of his first visitors at 10 Downing Street was Mr. Murdoch, who entered clandestinely through a back door.

But in July 2011, Mr. Murdoch and his company became engulfed in an explosive scandal involving the hacking of public figures’ telephone messages by journalists at News of the World, a British tabloid owned by News Corporation. The firestorm was set off by the revelation that the paper had deleted voice mail messages from the cellphone of a 13-year-old girl who was abducted and murdered in 2002, a move that had added to vain hopes that she was still alive.

In the wake of the furor, Mr. Murdoch closed the 168-year-old newspaper and withdrew a $12 billion bid to take over British Sky Broadcasting (BSkyB), Britain’s biggest pay television company — a deal that would have crowned Mr. Murdoch’s 60-year career.

The events in Britain and the resulting scrutiny took a toll on the broader Murdoch empire, dimming the prospects for its businesses to expand and raising worries that News Corporation sat beneath a magnifying glass, making any potentially suspect business dealings vulnerable to scrutiny by the United States government.

In July 2012, British prosecutors brought criminal charges against eight of the most prominent figures in the scandal, including Andy Coulson, who was Prime Minister Cameron’s communications chief until the scandal forced his resignation, and Rebekah Brooks, the chief executive of Mr. Murdoch’s newspaper empire in Britain until she, too, resigned in July 2011. Three days before the charges were filed against Mr. Coulson and Ms. Brooks, Mr. Murdoch resigned his directorships in a string of companies that control The Sun tabloid, The Times and The Sunday Times, among others.

Mr. Murdoch also faces dozens of civil suits that come from a pool of more than 2,000 people the police have notified might have been victims of phone hacking. And when all the court cases have been cleared, a process which could take years, a British public inquiry will begin sifting the evidence of wrongdoing in the Murdoch media empire once more.

In late November 2012, after interviewing hundreds of witnesses in months of sworn public testimony, a judicial inquiry into the standards of British newspapers set off by the phone hacking scandal singled out Mr. Murdoch’s defunct News of the World for specific criticism but offered an excoriating critique of the press as a whole, saying it displayed “significant and reckless disregard for accuracy” that should lead to tighter self-regulation underpinned by law.

The head of the inquiry, Lord Justice Sir Brian Leveson, said in a 46-page summary of the findings in his long-awaited, 1,987-page report that here had been a “failure of management and compliance” at News of the World, accusing it of a “general lack of respect for individual privacy and dignity.”

The report, released in November 2012, devoted an entire section to News of the World. Using a number of case studies that came from the testimony of witnesses, it described a newsroom under immense pressure to bring in stories exclusively and quickly, full  of journalists with cavalier and sometimes cruel attitudes toward the privacy and feelings of the people they were covering. Sir Brian said that reporters regularly obtained illegal information about their subjects, harassed and threatened subjects into cooperating, and concealed their identities in pursuit of stories.

For more on the phone hacking scandal, click here.

Dividing the Company, Closing The Daily

In June 2012, Mr. Murdoch responded to the fallout by announcing a plan to split News Corporation in two — separating its publishing ventures from its fast-growing entertainment unit. The move was hailed by investors, who had long seen the newspaper business as a costly hobby of Mr. Murdoch’s that had held down earnings, even before the scandals the papers produced began clouding the company’s prospects.

Read More…

Related Topic: Dow Jones and Company

Articles

Newest First | Oldest First
Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >>
In Filing, News Corp. Says Publishing Business Showed $2.1 Billion Loss
By AMY CHOZICK

News Corporation’s regulatory filing gave potential investors a peek at the challenges facing the new entity.

December 21, 2012

The Breakfast Meeting: Bloomberg and The Financial Times, and the First ‘Telecopter’
By NOAM COHEN

Michael R. Bloomberg has been cagey about whether he might acquire The Financial Times; he is reported to have said, “I buy it every day.” Also, John McAfee on the run, reporters in tow; and John Silva, the engineer at a Los Angeles TV station who fashioned the first TV helicopter, dies at 92.

December 10, 2012

For The Journal, Leadership at a Crossroads
By DAVID CARR

As News Corporation splits into two companies, The Wall Street Journal’s future lies in the hands of two executives with mixed track records.

December 10, 2012, Monday

Elisabeth Murdoch, 103, Matriarch of a Journalism Family
By ROBERT D. McFADDEN

Dame Elisabeth was the mother of the media tycoon Rupert Murdoch, and one of Australia’s most noted philanthropists.

December 6, 2012, Thursday

News Corp. Gives Details on Its Corporate Split
By AMY CHOZICK

Among the details of the division of News Corporation into publishing and entertainment groups was the news that its stand-alone tablet newspaper would cease publication.

December 3, 2012

Press Freedom at Risk

The regulatory remedies proposed to address the phone hacking scandal in Britain are excessive and potentially dangerous to traditions of a free press.

November 30, 2012, Friday

Hacking Report Says New Regulatory System Needed for British Newspapers
By JOHN F. BURNS and ALAN COWELL

An inquiry triggered by The News of the World scandal recommended a new system of press regulation that would be backed by parliamentary statute.

November 30, 2012, Friday

British Lawmakers Join Fierce Debate on Press Controls
By ALAN COWELL

On the eve of the publication of a major report into Britain’s phone hacking scandal, a group of more than 80 British lawmakers launched a defense of press freedom.

November 29, 2012, Thursday

Opinions All His Own
By JOHN ORTVED

Rupert Murdoch caused a stir last Sunday when he accused the “Jewish owned press” of being “anti-Israel” via Twitter.

November 22, 2012, Thursday

Two Former Top Murdoch Aides Will Be Charged With Bribery of Public Officials
By ALAN COWELL and JOHN F. BURNS

Andy Coulson and Rebekah Brooks will be charged with paying bribes of up to $160,000 to public officials, in addition to several earlier charges.

November 21, 2012, Wednesday

SEARCH 1462 Articles:

Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >>

Rupert Murdoch Navigator

A list of resources from around the Web about Rupert Murdoch as selected by researchers and editors of The New York Times.

Other Coverage

Books About Murdoch

Multimedia

Leveson Report Comes Out

A major inquiry into the standards of British media, triggered by the phone hacking scandal, calls for tougher press regulations underpinned by law.

Calls for New British Press Regulator

Leveson report calls for tougher press regulations. |The Obama administration considers a shift on Syria. | A television critic matches wits with a chain-saw artist.

Who Is Who in the British Tabloid Scandal
Who Is Who in the British Tabloid Scandal

Key individuals involved in the News of the World phone hacking scandal.

Parliamentary Documents Released in Tabloid Hacking Case
Parliamentary Documents Released in Tabloid Hacking Case

Documents from the Home Affairs Committee’s investigation into phone hacking at the News of the World tabloid. The documents include a letter from former royal correspondent Clive Goodman, who claims the practice was “widely discussed”in daily meetings and approved by senior editors.

Great Moments in Pie-Throwing The Strip
Great Moments in Pie-Throwing The Strip

A cartoon by Brian McFadden on how pie-throwing could have changed history.

More Multimedia »

Rupert Murdoch

Rupert Murdoch News

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