On September 4, 1985, Murdoch became a naturalized citizen to satisfy the legal requirement that only United States citizens could own American television stations. commercial broadcasting television network. In 1985, News Corp announced it was buying the Metromedia television stations and its syndication arm Metromedia Producers, setting the stage for the launch of a fourth U.S. Also in 1984, News Corp bought Travel Weekly and other trade magazines from Ziff Davis.
In 1982, News Corp bought a stake of the movie studio 20th Century Fox, buying the other half in 1984. Soon afterwards it founded the National Star, a supermarket tabloid, and in 1976 it purchased the New York Post. made its first acquisition in the United States in 1973, when it purchased the San Antonio Express and News (the two papers merged in 1984). News Limited operates today as News Corporation's Australian brand, The Australian operating out of Surry Hills, in Sydney.Įxpansion into the United States When he died in 1952, his son Rupert inherited a controlling interest in an Adelaide afternoon tabloid, The News. In 1949, Sir Keith Murdoch took control of The Adelaide News. News Limited was created in 1923 in Adelaide by James Edward Davidson, funded by the Collins House mining empire for the purpose of publishing anti-union propaganda subsequently the controlling interest was bought by The Herald and Weekly Times. News Corp was created in 1980 by Rupert Murdoch, as a holding company for News Limited.
Its major holdings at the time of the split were News Limited (a group of newspaper publishers in Murdoch's native Australia), News International (a newspaper publisher in the United Kingdom, whose properties include The Times, The Sun, and the now-defunct News of the World-which was the subject of a phone hacking scandal that led to its closure in July 2011), Dow Jones & Company (an American publisher of financial news outlets, including The Wall Street Journal), the book publisher HarperCollins, and the Fox Entertainment Group (owners of the 20th Century Fox film studio and the Fox Broadcasting Company-one of the United States' major television networks). was renamed 21st Century Fox and consists primarily of media outlets, while a new News Corp was formed to take on the publishing and Australian broadcasting assets. The formal split was completed on Jwhere the present News Corp.
On June 28, 2012, after concerns from shareholders in response to its recent scandals and to "unlock even greater long-term shareholder value", founder Rupert Murdoch announced that News Corporation's assets would be split into two publicly traded companies, one oriented towards media, and the other towards publishing. News Corporation was headquartered at 1211 Avenue of the Americas, New York, in the newer 1960s–1970s corridor of the Rockefeller Center complex. Formerly incorporated in Adelaide, South Australia, the company was re-incorporated under Delaware General Corporation Law after a majority of shareholders approved the move on November 12, 2004. News Corporation was a publicly traded company listed on NASDAQ. Prior to its split in 2013, it was the world's largest media company in terms of total assets and the world's fourth largest media group in terms of revenue, and News Corporation had become a media powerhouse since its inception, dominating the news, television, film and print industries.
The original incarnation of News Corporation (abbreviated News Corp.) was an American multinational mass media corporation operated and owned by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City.
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