Melbourne, Victoria, Australia was the birthplace of Keith Rupert Murdoch. He was born into a wealthy family in 1931 and his father was one of the main owners of many newspapers. Young Murdoch was sent to Oxford University as a teenager and only 22 years old when the older Murdoch died suddenly in circumstances that were deemed suspicious.
As heir to the family newspaper business, Keith Rupert took on many executive roles and in 1953 became Managing Director of News Limited. Soon his attention would turn to the expansion of the Murdoch empire and he set out to acquire many of the competing news publications.
His first purchase was the Perth-based one sunday time. The brash young businessman used many of the tabloid fundamentals that he had learned so much from Lord Northcliffe. Soon the fight sunday time it had become a great success. Expanding his reach, Rupert Murdoch began acquiring other newspaper businesses such as The Daily Mirror. It wouldn’t be long before Murdoch took control of The Dominion paper in New Zealand. This would be followed by additional acquisitions that would eventually lead to Rupert Murdoch becoming the main shareholder of the New Zealand Independent Newspapers Limited media group. He would hold this prominent position until 2003.
Murdoch was directly responsible for the debut of the first Australian newspaper to achieve national prominence. The australian. This newspaper would help drive Rupert Murdoch’s personal actions and earn him a reputation for headlining a serious, quality newspaper. Additional businesses were added to Murdoch’s rapidly expanding network, but once he made conquests in Australia, New Zealand, and Britain, his eyes were on the world of American newspapers.
The first of Murdoch’s many acquisitions in the US would occur in 1973. This was the year that Rupert Murdoch sealed a deal that gave him the San Antonio Express-News. Shortly after this purchase was completed, he created a tabloid that would become a fixture on newsstands and grocery checkout aisles. The star. 3 years after making his first purchase of an American newspaper, Rupert Murdoch would take over the New York Post.
Murdoch still wanted to join his thriving media empire and, to buy an American television station, he became a naturalized American citizen in September 1985. His Fox network would be mired in controversy and scrutiny at first, but today this network is a major player. From the market. In 1995, Rupert Murdoch closed a deal with the communications giant MCI that envisaged the development of The weekly standard that it was going to be a combined project involving both a news website and a magazine.
Its most recent acquisition was the purchase in 2007 of the American financial magazine Wall Street Journal and Dow Jones Company from the Bancroft family. The Bancrofts initially turned down News Corp’s offers, but after 3 months and a sweetened offer of $ 60 a share or just over $ 5 billion.
Despite struggling with lawsuits, huge debts, and a changing world economy, Rupert Murdoch remains a leader in the world of media and communications. He recently celebrated his 79th birthday and his current personal net worth is estimated at $ 4 billion.
