After accounting for the two joint venture stations, this shows that HT&E's Australian Radio Network (ARN) owned roughly 14 per cent of the commercial and ABC stations operating across five capital cities. [161] In September 1993, News Corporation have agreed to sell a 34.9% share in SCMP to Robert Kuok's Kerry Media for US$349 million. I always get into trouble when I do that." A native of Australia, Murdoch inherited a newspaper at age 22 after his father, a former war correspondent, passed away. (Its five regional dailies add an extra 150,000 to 290,000 readers per weekday issue.). In December 2020, News Corp's news websites collectively reached 1.2 million fewer readers than those owned by Nine Entertainment. But sometimes, no matter what The Australian or The Daily Telegraph says, they do not affect outcomes. Coming in behind ABC News (11.4 million) and nine.com.au (10.7 million), this was one of only two News Corp sites to make the top 10. Pressed as to whether he believed Prime Minister John Howard should continue as prime minister, he said: "I have nothing further to say. He is a rock star. Blair tried to win over News Corps UK tabloid The Sun before he was elected in 1997). [4], After his father's death in 1952, Murdoch took over the running of The News, a small Adelaide newspaper owned by his father. [2][3] Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including in the UK (The Sun and The Times), in Australia (The Daily Telegraph, Herald Sun, and The Australian), in the US (The Wall Street Journal and the New York Post), book publisher HarperCollins, and the television broadcasting channels Sky News Australia and Fox News (through the Fox Corporation). At the time, the Bancroft family, who had owned Dow Jones & Company for 105 years and controlled 64% of the shares at the time, declined the offer. Were working to restore it. To put all this datain context, the ABC News channel reached an average of 3.9 million Australians per week (all households), including 1.1 million regional viewers and 2.8 million metro viewers. In regional areas, Sky News on WIN reached an average of 480,000 viewers per week. 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. And then there is arguably one big "news" market where all media formats, including online and offline sources, compete for attention. Read more: FactCheck: does Murdoch own 70% of newspapers in Australia? In 1974, Murdoch moved to New York City, to expand into the US market; however, he retained interests in Australia and the UK. "[135][136], In 2010, News Corporation gave US$1 million to the Republican Governors Association and $1 million to the US Chamber of Commerce. They both deny any knowledge of any wrongdoing under their command. It shows that News Corp reached more than twice as many people each week than Nine Entertainment did through its print newspapers, and around six times more than Seven West. [159] In December 1986, Dow Jones & Company offered News Corporation to sell about 19% of share it owned of SCMP for US$57.2 million,[160] and, by 1987, News Corporation completed the full takeover. Measured by monthly readers, the combined reach of News Corp's hardcopy and digital newspapers is only around 7 per cent larger than Nine's, despite owning twice the number of titles. [118] In June 2011, it sold off Myspace for US$35 million. On October 10, Rudd created a petition to establish a royal commission into the strength and diversity of Australian news media he called it a #MurdochRoyalCommission on Twitter. [204], Towards the end of his touring career, Eagles drummer and lead singer Don Henley would often dedicate his 1982 hit "Dirty Laundry" to Rupert Murdoch and Bill OReilly. Rupert Murdoch's backing of Whitlam turned out to be brief. Finally, there is the issue, beyond the scope of this fact file, of how reach within a particular geography might translate to political power at the local or national level. Voting rights in the stock are divided 50/50 between Murdoch on the one side and his children of his first two marriages. His son, Lachlan Murdoch, is a majority shareholder in Nova, Network Ten, 93.7FM and FiveAA. The Murdoch Family Trust controls around 40 per cent of the parent company's voting shares (and a smaller proportion of the total shares on issue). In the 1950s and 1960s, Murdoch acquired a number of 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. QUT Professor Jean Burgess told Fact Check that the policy "means that simply by virtue of owning a large number of media outlets, it is possible that Murdoch outlets will have an outsized influence on an Australian consumer's access to media on controversial topics via YouTube". How large is Rupert Murdoch's reach through News Corp in Australian media, old and new? On social media, however, Sky has an outsized audience. In one submission, Sydney University Emeritus Professor Rodney Tiffen argued that News Corp's power arose from the combined effect of its outlets, including those in television and radio, functioning as an "echo chamber" of opinions and themes. [137][138][139] Murdoch also served on the board of directors of the libertarian Cato Institute. "It's very difficult to actually pin down precisely the reach," he says. [95][96], On 15 July, Murdoch attended a private meeting in London with the family of Milly Dowler, where he personally apologized for the hacking of their murdered daughter's voicemail by a company he owns. [178] While Murdoch would often attend Mass with Torv, he never converted to Catholicism. ", "The merry wives of Rupert Murdoch: who has the tycoon been wed to before? [120], In May 2007, Murdoch made a $5billion offer to purchase Dow Jones & Company. But Kevin Rudds claim that Rupert Murdoch - or News Corp Australia - owns 70% of the newspapers in this country is, as a factual statement, false. 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". Mr Murdoch's portfolio of Australian news media brands stretches from print, radio and pay television to online news, including: Print and Online: roughly 100 physical and digital newspaper mastheads in Australia (at the start of 2021), along with the news website news.com.au. Murdoch formed the British broadcaster BSkyB in 1990 and, during the 1990s, expanded into Asian networks and South American television. [59] By 1996, BSkyB had more than 3.6 million subscribers, triple the number of cable customers in the UK. 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. [132], In The New Yorker, Ken Auletta writes that Murdoch's support for Edward I. Koch while he was running for mayor of New York "spilled over onto the news pages of the Post, with the paper regularly publishing glowing stories about Koch and sometimes savage accounts of his four primary opponents."[133]. "[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". He owns newspapers, hotel chains, sports franchises and genetic technologies, as well as everyone's favourite cable TV channel, The Chimp Channel". 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). It found that the most popular online sources particularly for news about local affairs, crime, and politics were the websites and apps of traditional newspapers and broadcasters. Asked about their one "main" source of news, just 6 per cent of people chose print. "The element that is often overlooked is the influence of the print circulation on the radio sector and the extent to which News Corp publications do drive radio agendas," Wilding adds. It's also worth noting that the survey found several of News Corp's most popular brands (The Daily Telegraph, Herald Sun and Sky News Australia) were among the least trusted sources for news. With a net worth of US$21.7billion as of 2March2022[update], Murdoch is the 31st richest person in the United States and the 71st richest in the world. [97][98] On 16 and 17 July, News International published two full-page apologies in many of Britain's national newspapers. The same survey found 36 per cent of people never read newspapers at all. News Corp owns a roughly 15 per cent stake in HT&E, whose subsidiary Australian Radio Network operates several networks, including KIIS, Pure Gold and The Edge. [55][56][57] In 1987, the dismissed workers accepted a settlement of 60 million.[5]. This measures the number of unique viewers who watched at least five consecutive minutes of a given channel each week. As reported in the Independent Media Inquiry final report, its share of daily newspaper is 23%. He was Collins House . [198], After graduating from Vassar College[199] and marrying classmate Elkin Kwesi Pianim (the son of Ghanaian financial and political mogul Kwame Pianim) in 1993,[199] Murdoch's daughter Elisabeth and her husband purchased a pair of NBC-affiliate television stations in California, KSBW and KSBY, with a $35million loan provided by her father. [197] Murdoch's elder son Lachlan, formerly the Deputy Chief Operating Officer at the News Corporation and 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. Wealth History HOVER TO REVEAL NET WORTH BY YEAR Forbes Lists #35. [179][180] 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). He inherited an Australian newspaper when he was only 22 and has since built a massive media . But President of Country Press Australia Bruce Ellen told Fact Check via email that membership of his organisation, which represents regional and local papers across Australia, had increased over the year to April 2021. Send us your tip-offs, or let us know what you think. News Corp mastheads have backed former premiers Neville Wran and Bob Carr in NSW, Wayne Goss in Queensland, and at times, Steve Bracks in Victoria. The mogul created the American tabloid The Star in 1974 before purchasing the New York Post in 1976. Fifteen years after taking over the family business and following a series of acquisitions, Murdoch had amassed a portfolio of newspapers worth more than $50 million. In information it provides to advertisers, News Corp says it reaches 16 million Australians each month across its news outlets. A further five per cent went to APN News & Media, which News Corp acquired in late 2016. [157] Murdoch's business interests in Italy have been a source of contention since they began. [208], In 2012, the satirical show Hacks, broadcast on the UK's Channel 4, made obvious comparisons with Murdoch using the fictional character "Stanhope Feast", portrayed by Michael Kitchen, as well as other central figures in the phone hacking scandal. The character is described as "a self-made gazillionaire with business interests in all sorts of fields. [citation needed], The Labour Party, from when Blair became leader in 1994, had moved from the centre-left to a more centrist position on many economic issues before 1997. Rudds latest blast against News Corp (which he describes as a "cancer on democracy") coincided with a rare media interview by James Murdoch, who told The New York Times he left the company because he was concerned its newspapers were disguising facts and endorsing disinformation. Former prime minister Kevin Rudd's petition to establish a royal commission into media diversity in Australia attracted more than half a millionsignatures and took aim at Rupert Murdoch, whose media empire Mr Rudd labelled a "cancer on democracy". The list includes former prime minister Paul Keating (who allowed Murdoch to buy the Herald & Weekly Times in the 1980s) and former UK leader Tony Blair (godfather to one of Murdochs children with Wendi Deng). That same year, Murdoch announced a deal with MCI Communications to develop a major news website and magazine, The Weekly Standard. [65] In the general elections of 1997, 2001 and 2005, Murdoch's papers were either neutral or supported Labour under Tony Blair. Reach also exaggerates audience. That problem is exacerbated in an environment where there's increasing digital reach and people get their news not just directly from the news supplier but from digital platforms. [83] Anthony Hilton, economics editor for the Evening Standard but describing a period when he interviewed Murdoch for The Guardian, quoted Murdoch as justifying his Euroscepticism with the words "When I go into Downing Street, they do what I say; when I go to Brussels, they take no notice". Read our editorials in the papers. According to the Finkelstein Review of Media and Media Regulation, in 2011 News Corp Australia (then News Limited) accounted for 23% of the newspaper titles in Australia. Given the focus by Mr Rudd and Mr TurnbullonAustralian democracy, this analysis is limited to the coverage of news and current affairs inAustralia. But influence is different it requires news articles and analysis to have an effect on people or to sway a point of view. Harold Evans, editor of the Sunday Times from 1967, was switched to the daily Times, though he stayed only a year amid editorial conflict with Murdoch. The Canberra University survey results show that Australians in 2020 were far more likely to get their news from free-to-air broadcasters such as ABC, Channel 7 or Channel 9 than from Sky. $ 5billion offer to purchase Dow Jones & Company ] [ 139 ] Murdoch 's through...: who has the tycoon been wed to before purchase Dow Jones & Company number of viewers... 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