Tornado Alley (PROG)

[Zorax]

Guess little rupert has criminal tendencies. You might find the beginnings interesting.

Who Is News Corp?

News Corp is no newcomer on the world news scene either, with a history stretching back to its founding as News Limited in 1922, way down under in Melbourne, Australia. The history of its founding is a little murky with conflicting histories. What is clear, though, is that a protege named Keith Murdoch slowly proved his hand at takeovers and other critical aspects of running the Australian news entity. By the time of his death in 1952, he’d created quite a stake in the company, allowing his son Rupert to step in at the tender age of 21.

Rupert Murdoch built News Corporation as a holding company for News Limited in 1979, and it became a juggernaut worldwide in media ownership, buying everything from MySpace to Fox Entertainment (and creating Fox News). Despite the estimated 28,000 people who work in the hundreds of holdings that News Corp has globally, for much of the last seven decades, News Corp has been the Rupert Murdoch show. However, times are changing, and the Murdoch family now owns 39% of voting shares in the empire. Murdoch was listed by Forbes in 2019 as having an estimated net worth of $19.4 billion, putting him 52nd on the world’s richest people list.

Still, the holdings under News Corp defy listing, as it’s hundreds of companies from Australia to England and everywhere in between. That became a problem in 2011 during news of a phone-hacking scandal in the U.K. News Corp’s “News of the World” paper was found trying to hack the British prime minister’s voicemail, along with dozens of other celebrities and power brokers.

To appease critics and government alike, Murdoch testified before the U.K. Parliament, apologized and took responsibility for his organization’s actions and their subsequent attempts at a coverup. News of the World was quickly sold, and News Corp would soon split into two entities: one for film and TV and the other for print and publishing.


https://bizfluent.com/facts-4969416-company-owns-wall-street-journal.html