Rupert Murduch And His Media Empire Essay

7164 Words29 Pages
Introduction Rupert Murdoch was listed three times in the Time 100 as one among the most influential people in the world. He is ranked 13th most powerful person in the world in the 2010 Forbes ' The World's Most Powerful People list. With a net worth of $6.3 billion, he is ranked 117th wealthiest person in the world。 Keith Rupert Murdoch is an Australian-American media magnate and the founder, Chairman, and CEO of News Corporation. Beginning with one newspaper in Adelaide, Murdoch acquired and started other publications in his native Australia before expanding News Corp. into the United Kingdom, United States and Asian media markets. Although it was in Australia in the late 1950s that he first dabbled in television, he later sold these assets, and News Corp.'s Australian current media interests (still mainly in print) are restricted by cross-media ownership rules. Murdoch's first permanent foray into TV was in the USA, where he created Fox Broadcasting Company in 1986. In the 2000s, he became a leading investor in satellite television, the film industry and the Internet, and purchased a leading American newspaper, The Wall Street Journal. I. Early media activities 1.1. Start in business Keith Rupert Murdoch was born in Australia in 1931. His father, Sir Keith, was a regional newspaper magnate, based in Melbourne, and the family enjoyed considerable wealth. Even as a child, Murdoch knew his own mind. He was, his mother recalls, "not the sort of person who liked playing in a team". Groomed by his father, young Rupert was educated at Oxford, where he supported the Labour Party. But, aged just 22, Sir Keith died and Murdoch returned to Australia to take charge of the family business. "My father left me with a clear sense that the media was something different," Murdoch often said. Taking charge, not of his father's more

    More about Rupert Murduch And His Media Empire Essay

      Open Document