Tuesday, October 4, 2011

Rupert Murdoch

      Rupert Murdoch was born on March 11, 1931in Melbourne, Australia. He went to study at Worcestor College  Oxford and he returned back to Australia when his father died, in 1954,  to receive his inheritance. He inherited The Sunday Mail and The News from his late father. When he inherited these, he focused on scandals and sex. In 1969, Murdoch acquired The News of the World of London, and in 1970 he acquired The Sun. With these news outlets, Murdoch focused mainly on sex, scandals, crime, and human-interest stories. With these types of stories, Murdoch gained quick success. Over the years, Murdoch gained more news outlets, such as The San Antonio News (later the Express News), The Star (sold in 1980s) , New York Post (sold in 1980s but repurchased in1982) , The Boston Herald American ( sold in 1994), Tv Guide, and the Australian. During the 1980s and 90s, Murdoch purchased several independent American television stations and Twentieth Century-Fox Film Corporation which he merged to create Fox, Inc., which is one of the most successful television stations today. To recover from the debt that had built up during the years of purchasing these media outlets, Murdoch sold New York, Seventeen, Daily racing form, and other magazines.  In 2005, Murdoch purchased Intermix Media which owned Myspace. And in 2007, it was announced that Murdoch would purchase the publisher of the Wall Street Journal, Dow Jones & Company for $5 billion.

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