Rupert Murdoch
Executive Chairman, News CorpBirth DetailsMarch 11, 1931 | Melbourne, Australia
NationalityAmerican
LeagueBusiness Leader
EducationGraduate, Oxford University
Net Worth$23 billion (As of March 27, 2021)
Rupert Murdoch's Assets:
Rupert Murdoch's Journey so far ...
Before you go ...
- News Corp
Rupert Murdoch's Journey so far ...
- Keith Rupert Murdoch, a native of Australia, graduated from the Oxford University and briefly worked with a local newspaper before taking over his family's newspaper business in 1952 following his father's demise
- At the age of 22, Rupert became the MD of News Corp Australia and bought several newspapers and magazines in the country. He bought loss-making companies and turned them around
- He slowly expanded the company and turned it into a media conglomerate in the early seventies acquiring companies outside Australia
- By early eighties, he had some big brands under his banner, notably - The Sun, News of the World, The Times of London, Chicago Sun-Times, Star, New York Post and San Antonio News. He is famously known for creating the modern tabloid
- The media mogul's next big venture was movie studio and television. Murdoch acquired Twentieth Century Fox Film Corporation in 1985 and built the company from scratch. Fox produced some blockbuster films like Titanic, Avatar and Star Wars, which went on to win many awards and became top-grossing films
- In 1987, he bought a book publishing company Harper & Row and two years later he acquired another publisher Collins. Subsequently, he merged the two to form a publishing behemoth, HarperCollins
- In 1991, Murdoch launched Fox News in the US and turned it into the top news channel in the country; his television venture has resulted in immensely popular shows like The Simpsons
- In 1993, Murdoch acquired Asia's premier satellite television service Star TV for $525 million, giving him access to a bouquet of entertainment and sports channels
- The media magnate’s biggest acquisition was when he acquired The Wall Street Journal parent company, Dow Jones, in 2007 for $6 billion
- In 2013, Murdoch divided his business into two companies, 21st Century Fox Inc and News Corp; six years later Murdoch sold 20th Century Fox to Walt Disney Company for $71.3 billion. His media empire now consists of the Fox Network, Fox News, Fox Sports, The Wall Street Journal, and HarperCollins
Before you go ...
- In 2011, Murdoch’s UK tabloid News of the World got into a big scandal when its journalists and editors were accused of hacking into phones of celebrities and Britain's leading figures
- He moved to the US in 1974 and became an American citizen in 1985
Last Updated: 27/03/2021
Rupert Murdoch News
- Quote of the day Rupert Mudroch: ‘The world is changing very fast, big will not beat small anymore, it will be the…’Australian-born American media magnate Rupert Murdoch built a global media empire, including News Corporation and Fox Corporation, through aggressive expansion. His outlets, such as The Wall Street Journal and Fox News, significantly shaped public opinion and political discourse. Murdoch, known for his influence, has since transitioned leadership to his son, Lachlan.
- Washington Post CEO Will Lewis resigns days after major layoffs: What happened and what it means for the newspaperWashington Post CEO Will Lewis has resigned. This follows major job cuts impacting many employees. Jeff D'Onofrio is now acting CEO. The newspaper faces financial challenges. Owner Jeff Bezos expressed confidence in the future. He highlighted a strategy focused on audience data. Lewis's tenure was short but marked by significant changes.
- Trump advocates for 100 per cent MAGA-focused TikTok content but...President Trump expressed his desire for TikTok to reflect his MAGA message, but acknowledged the impracticality of a completely one-sided platform. He signed an executive order paving the way for a deal that would give American investors majority ownership of TikTok. The deal aims to meet federal divestiture requirements, with Oracle, Michael Dell, and Rupert Murdoch potentially playing significant roles.
- Trump reveals Murdochs and Dell could potentially take part in TikTok dealDonald Trump revealed billionaires Rupert Murdoch, Lachlan Murdoch, Michael Dell, and Oracle’s Larry Ellison could join a US deal to control TikTok, citing their patriotism. The move follows security concerns over ByteDance’s ownership and a looming January ban.
- Succession: Murdochs is a way better showRupert Murdoch's succession battle concludes with Lachlan consolidating control over Fox News and News Corp, ensuring a continuation of conservative influence. He secured sibling support through strategic share agreements, diminishing the likelihood of a corporate challenge. This carefully orchestrated plan aims to preserve Murdoch's legacy amidst a shifting media landscape and a global rightward political trend.
- Real-life 'Succession' ends: Rupert Murdoch's eldest son Lachlan takes control and siblings take cashA deal has been reached within the Murdoch family, solidifying Lachlan Murdoch's control over the media empire, including Fox News and The Wall Street Journal. This agreement resolves a succession battle and ensures the conservative direction of these outlets will continue.
- Elon Musk, world’s richest man and a Canadian citizen, landed on a secret trip in a small B.C. town; he then went to an even more stealthy areaElon Musk's recent visit to Bella Bella, British Columbia, accompanied by his son, has stirred curiosity. The trip, confirmed through flight logs and photos, involved a private plane and helicopter transfer, sparking speculation about a visit to James Murdoch's property. This occurs amidst controversy surrounding Musk's Canadian citizenship, with a petition urging its revocation due to alleged conflicts of interest.
- Murdoch to send Trump health updates to dodge Epstein trial deposition - President fears he may die before trialIn a surprising turn, Rupert Murdoch will share health updates with Donald Trump. This is part of a deal to postpone Murdoch's deposition. Trump's 10 billion dollar defamation lawsuit involves a Wall Street Journal article. It is about Trump and Jeffrey Epstein. The legal battle continues as both sides await court decisions.
- Donald Trump wants 94-year-old Rupert Murdoch be grilled in court, says he might die before trialDonald Trump wants Rupert Murdoch to testify quickly in a defamation case. The case relates to a Wall Street Journal story. Trump claims the story falsely links him to Jeffrey Epstein. Trump's lawyers cite Murdoch's age and health as reasons for the urgency. They fear he may not be able to testify later.
- Trump's Wall Street Journal suit over Epstein story faces timing hurdleDonald Trump's defamation lawsuit against the Wall Street Journal, concerning a story linking him to Jeffrey Epstein, faces potential dismissal due to a failure to comply with Florida's five-day notice law. Legal experts highlight the high bar Trump must clear, including proving the Journal acted with actual malice.
- What was JD Vance doing at Rupert Murdoch’s ranch just before WSJ dropped Trump-Epstein bombshell? Rumors swirlVice President JD Vance met with Rupert Murdoch in Montana shortly before the Wall Street Journal published a story linking Donald Trump to Jeffrey Epstein. The report triggered Trump’s anger and a $10 billion lawsuit. The trip was unannounced and included other Fox News executives and Murdoch’s son, Lachlan.
- Rupert Murdoch, sued by Trump, owns some of world's biggest news outlets. You won't believe his net worthMedia giant Rupert Murdoch has been sued by US President Donald Trump over a Wall Street Journal report detailing a 2003 birthday letter allegedly written by Trump to Jeffrey Epstein. Rupert Murdoch owns Fox News, The Wall Street Journal, The New York Post, and numerous media outlets. He also appeared at Trump's inauguration last year.
- Trump sues Wall Street Journal and media mogul Rupert Murdoch over reporting on Epstein tiesDonald Trump has filed a $10 billion lawsuit against The Wall Street Journal and Rupert Murdoch following a story about his ties to Jeffrey Epstein. This action coincides with the Justice Department's request to unseal grand jury transcripts in Epstein's sex trafficking case, amidst criticism over the administration's handling of the release of related documents.
- Trump directs DOJ to unseal the secret Epstein files; names, flight logs, and jury bombshells could explode into public viewAmidst growing pressure, President Trump has instructed the Justice Department to release pertinent grand jury testimony related to Jeffrey Epstein, a move that follows public criticism and demands for transparency. This directive comes amidst Trump's denial of a suggestive birthday greeting to Epstein, as reported by The Wall Street Journal, and his previous pledge to declassify Epstein-related files.
- Donald Trump explodes at Rupert Murdoch, blasts Fox News’ ‘fake pollster’ after network publishes poll showing the President's record-low approvalDonald Trump is again at odds with Fox News over a recent poll showing his approval ratings at record lows 100 days into his second term. Trump vented his frustration on Truth Social, attacking Rupert Murdoch and Fox's polling team.
- Donald Trump supporter Rupert Murdoch's WSJ goes after the President again, calls for his impeachment following chaotic tariff rolloutA Wall Street Journal columnist suggested President Trump's trade war and subsequent market crash could lead to impeachment. Holman W. Jenkins Jr. argued Trump's tariffs, driven by "ratings-based" politics rather than policy, are destabilizing. The editorial board also cautioned that Trump's economic policies may not deliver the promised "golden age."
- Rupert Murdoch reportedly livid after WSJ promotes ex-CNN reporter Oliver Darcy’s newsletter, berates editor in fiery clashRupert Murdoch’s clash with the Wall Street Journal over coverage of Fox News critic Oliver Darcy highlights tensions between media moguls, regulatory scrutiny, and evolving media rivalries.
- News Corp sued by Brave Software, a Google search engine rivalIn a Wednesday night complaint filed in San Francisco federal court, Brave said News Corp sent a cease-and-desist letter threatening litigation and demanding compensation for the alleged misappropriation of copyrighted articles by "scraping" its websites and indexing their content.
- Donald Trump blasts Rupert Murdoch for ‘Polluted Thinking’ after WSJ’s explosive report on his family business; here's what the newspaper wrote and why the president got irritatedTrump slams Wall Street Journal over crypto exchange report and tariff critiques, denying Binance stake talks while defending trade policies amid GOP tensions and media feuds.
- Did Rupert Murdoch get a dressing down in Oval office by President Donald Trump? Here's what reports are sayingRupert Murdoch and Donald Trump seem to be having a quiet battle, with Trump calling out The Wall Street Journal’s owner and the paper's editorial board churning out a needling copy about Trump's tariff proposals
- Prince Harry's secret email address and Facebook account revealedPrince Harry reportedly used a secret email and Facebook account under the alias "Spike" to conceal his identity. He also settled a lawsuit against NGN for unlawful information gathering. The settlement includes a significant financial payment and a public apology from NGN for intrusions into his and his late mother's private life.
- Prince Harry Received Unconditional Apology from British Tabloid over Phone Hacking and SpyingThe Royal received unconditional apology and an undisclosed amount from the News media group over phone hacking and spying.
- How Prince Harry won his case against Murdoch’s News Group and what it means for the media?Prince Harry has won a landmark legal victory as News Group Newspapers, owner of The Sun, issued a historic apology and agreed to pay substantial damages for unlawful activities, including phone hacking and surveillance, spanning from 1996 to 2011. This settlement marks a significant moment in Harry’s ongoing fight against media invasions of privacy. While his legal battle continues with other tabloids, this outcome serves as a major step in his mission to hold the British press accountable for its abusive practices.
- Rupert Murdoch's News Corp to sell Foxtel to Britain's DAZN for $2.1 blnNews Corp is selling its Australian cable TV unit, Foxtel, to DAZN for A$3.4 billion. This deal reduces News Corp's exposure to the struggling cable TV market and allows them to focus on their core businesses. DAZN gains a significant foothold in the Australian sports market.
- Rupert Murdoch fails in bid to change family trust: ReportRupert Murdoch's attempt to consolidate control of his media empire under his son Lachlan has been blocked by a Nevada court commissioner. The commissioner ruled against Murdoch's proposed changes to the family trust, which would have given Lachlan ultimate authority. The trust will now divide control equally among Murdoch's four eldest children.
- Prince Harry vs. Rupert Murdoch: A royal rumble in the tabloid junglePrince Harry continues his legal battle against Rupert Murdoch's tabloids, alleging phone hacking and unethical journalism. He champions accountability and contrasts tabloid practices with the work of journalists like Maria Ressa. Despite the financial burden, Harry remains determined to fight for himself and others affected, even as he acknowledges the personal strain of media scrutiny.
- Murdoch succession drama plays out in closed courtA legal battle over the control of Rupert Murdoch's media empire begins in a Reno courtroom. The 93-year-old seeks to amend the family trust to ensure his eldest son, Lachlan Murdoch, retains control of Fox and News Corp after his death. The proceedings are closed to the public.
- Prince Harry’s tabloid battle against the Murdoch EmpirePrince Harry is attempting to pursue legal action. Even if Harry were to win a well-known legal battle against Murdoch, the Daily Mail, Daily Mirror, and the most repulsive of all the sui generis of the form would still harbour a deeply entrenched animosity towards him.
- What Rupert Murdoch owns, and how he built his media empireRupert Murdoch, now in a legal battle with his children, spent seven decades building a media empire, including Fox News and The Wall Street Journal. His tenure included numerous acquisitions and controversies, like the 2011 phone-hacking scandal and allegations of spreading falsehoods about the 2020 U.S. election. Recently, he handed control to Lachlan Murdoch.
- The secret battle for the future of the Murdoch empireRupert Murdoch, in a legal dispute with three of his children over the family's media empire, sought to ensure his son Lachlan would lead the company. Murdoch argued this was necessary to maintain its conservative stance and commercial value. A trial is set for September to determine if his actions were in good faith.
- What goes on behind closed doors at America's billionaire summer camp?This week in Idaho's Sun Valley, the annual Allen & Company summit has gathered top business, media, and political leaders for what's known as the "summer camp for billionaires." Attendees, including tech giants and entertainment moguls, engage in off-the-record talks and outdoor activities. The summit, famed for spawning major deals, hosts discussions on AI, corporate leadership changes, and political futures. Notable absentees like Warren Buffett and Elon Musk underscore shifting dynamics among industry leaders, amidst speculation about upcoming elections.
- King Charles and Queen Camilla are not the most influential couple in UK? Who has replaced them? Details hereEarlier it was found that UK Prime Minister Rishi Sunak and his wife Akshata Murthy have more net worth than King Charles and Queen Camilla. Now Duke and Duchess of Westminster have replaced the King and the Queen as the most influential couple in Tatler’s 2024 Social Power Index.
- Who is Elena Zhukova? 5th wife of 93-year-old media mogul Rupert MurdochMedia mogul Rupert Murdoch has married for the fifth time, this time, a 67-year-old retired molecular biologist Elena Zhukova, at a posh California winery owned by him.
- Media titan 93-year old Rupert Murdoch marries Elena Zhukova in Los AngelesRupert Murdoch, the media mogul, married Elena Zhukova, a retired molecular biologist, in an intimate ceremony at his Bel Air vineyard estate. This marks Murdoch’s fifth marriage. The couple's relationship began through mutual connections, and their engagement was announced in March. Notable guests included Robert K Kraft and Robert Thomson. Murdoch's media empire, built over decades, continues under the leadership of his son, Lachlan.
- Prince Harry’s attempt to include media baron Rupert Murdoch in lawsuit fails. Here is what court saidPrince Harry had sought to enlarge his privacy suit to include the media baron for alleged acts that were a breach of privacy. The court didn’t permit this.
- Will Prince Harry drag media baron Rupert Murdoch to court?Harry and more than 40 others are suing News Group Newspapers (NGN) over accusations of unlawful invasions of privacy by its tabloids, the Sun and the now-defunct News of the World, from the mid-1990s until 2016.
- Media baron Rupert Murdoch plans to marry for the 5th time at 92!He plans to marry Elena Zhukova, 67, a Russian-born retired scientist he met last year.
- Media Mogul Rupert Murdoch to marry for fifth time at the age of 93. Know about bride and wedding planMedia Mogul Rupert Murdoch was previously married to former flight attendant Patricia Booker, journalist Anna Murdoch, entrepreneur Wendi Deng, and Jerry Hall, the model and ex-wife of Mick Jagger. Elena Zhukova will be his fifth wife.
- Prince Harry obtains payment in phone hacking case, says he will continue to 'tame' the mediaHarry's attorney, David Sherborne, said at a court hearing that Mirror Group Newspapers had agreed to pay all of the prince's legal costs, plus "substantial" damages, and would make an interim payment of 400,000 pounds ($505,000) within 14 days. The final tab will be assessed later.
- Prince Harry settles case against tabloid publisher that hacked his phoneMirror Group, facing phone hacking lawsuits, maintains innocence in Prince Harry's case. Phone hacking by British newspapers has a long history, dating back over two decades. The scandal reached its peak in 2011 with revelations of widespread hacking by Rupert Murdoch's News of the World.
- Disney-Reliance Deal: Why Bob Iger should follow Murdoch’s lead and cash outBob Iger, CEO of The Walt Disney Co., is reportedly nearing a deal to sell the company's Indian operations, known as Disney Star, for billions of dollars. This comes as a new class of competition, led by Indian tycoon Mukesh Ambani, disrupts the legacy media industry in India. Ambani's 4G telco has gained over 400 million customers and has built a consumer empire that blurs the lines between carriage, content, and commerce. The deal with Iger would validate Ambani's digital, retail, and consumer finance propositions, further solidifying his dominance in the Indian market.
- Rupert Murdoch's retirement raises the curtain on his last actRupert Murdoch's decision to step back from day-to-day oversight of his media empire paves the way for his son, Lachlan, to take control. However, it remains uncertain who will control the trust that votes the family's shares after Rupert Murdoch's death. Speculation suggests that a full merger between Fox Corp. and News Corp. could be attempted again, but this would likely be preceded by a sale of parts of News Corp., including its real estate business.
- Murdoch Family Trust: The real battle over succession has yet to beginLachlan Murdoch has been named the sole chairman of News Corp, putting to rest immediate questions about leadership. However, a potential power struggle could occur upon Rupert Murdoch's death, as outlined in the Murdoch Family Trust. The trust controls News Corp and Fox Corp, with Rupert Murdoch holding a 40% stake in voting shares. Upon his death, the voting shares will be transferred to his four adult children, potentially setting up a battle over the future of the companies. The trust has eight votes, with three of the children potentially out-voting the fourth.
- Rupert Murdoch steps down as chairman of Fox, News CorpRupert Murdoch, the Australian-American business magnate and media mogul, has stepped down as chairman of Fox Corp and News Corp. His more than seven-decade career saw him build a media empire that spanned Australia and the United States. His son, Lachlan Murdoch, will take over as the sole chairman of News Corp and continue as chair and CEO of Fox.
- Rupert Murdoch, 92, reportedly dating 66-year-old retired scientist Elena Zhukova: Daily MailRupert Murdoch, 92, has reportedly begun a new relationship with Elena Zhukova, 66, a retired scientist, following the collapse of his engagement to Ann Lesley Smith earlier this year. In recent sightings, the pair were seen boarding a chartered superyacht off the coast of Corfu in Greece. Reports suggest that the pair were introduced by Murdoch's former wife, Wendi Deng, who shares a friendship with Zhukova's daughter, who was once married to Russian oligarch Roman Abramovich. The mogul has been married four times previously.
- Simon & Schuster purchased by private equity firm KKR for $1.62 billionLate in 2020, Paramount had announced the sale of Simon & Schuster to Penguin Random House for $2.2 billion, a deal that would have made the new company by far the biggest in the U.S. But the Department of Justice, which under the Biden administration has taken a tougher stance on consolidation compared to other recent presidencies, sued to block the sale in 2021.
- Phone-hacking claim thrown out, but Hugh Grant can pursue burglary lawsuit against Rupert Murdoch's paperHugh Grant's claims that the Sun's journalists used private investigators to burgle his house and tap his phone can proceed to trial, but the allegations of voicemail interception are outside of the six-year time limit for legal action, London's High Court has ruled.
- View: Succession is tricky, none trickier than the richest person choosing who follows himThe case of the family of Bernard Arnault, chairman-CEO of Louis Vuitton, and world's richest man, is just as speculative as the Roys and Murdochs. Eldest child, Delphine, and four sons, Antoine, Frederic, Alexandre, and Jean - each with roles in the luxury fashion house empire, vying for control. Arnault Sr responded to an analyst's question regarding succession plans earlier this year: 'You will have noticed that the retirement age is being raised.'
- Prince Harry not criticising royal family over 'secret agreement' with Rupert Murdoch's UK newspaper, lawyer tells courtPrince Harry's lawyer has said that the Prince is not criticising the late Queen Elizabeth or the British Royal Family over a "secret agreement" with Rupert Murdoch's UK newspaper group.
- Prince William got 'very large sum' in phone hack settlementPrince Harry's lawyer made the revelation in a summary of arguments about why Harry's lawsuit against the publisher of The Sun and now-defunct News Of The World should not be thrown out. The suit alleges the newspapers unlawfully gathered information in a scandal dating back two decades. News Group Newspapers, which Murdoch owns, argued that a High Court judge should throw out phone hacking lawsuits by the prince and actor Hugh Grant because the claims were brought too late.
- Prince Harry takes on Rupert Murdoch's UK group over phone-hacking allegations in latest action against British pressPrince Harry started action against News Group Newspapers, publisher of the Sun tabloid and now defunct News of the World, in September 2019, before stepping down from royal duties and moving to California.
- Star host Tucker Carlson departs from Fox News"Fox News Media and Tucker Carlson have agreed to part ways. We thank him for his service to the network as a host and prior to that as a contributor," the network said in a statement. Tucker Carlson (53) has not yet responded to the announcement of his departure from Fox News.
- Of a Murdoch divorce of the junk mail kindNot quite 'talaq, talaq, talaq' by instant messaging but equally ethereal, and in bad form. Talking about bad form, the 92-year-old investor and media proprietor called off his engagement with fifth wife- to-be, former Christian conservative radio host Ann Lesley Smith.
- Media mogul Rupert Murdoch set to marry for 5th time: Here’s a look at 92-yr-old’s four ex-wives & his 6 kidsMurdoch divorced his fourth wife, Jerry Hall, a former top model, in August last year.
- Rupert Murdoch finds love at the age of 92. Details hereDuring an event at his vineyard in California in September 2022, media tycoon Rupert Murdoch met his partner Ann Lesley Smith, a former police chaplain. The couple, who have a 26-year age difference, have now disclosed their intention to marry.
- Rupert Murdoch testified Fox News hosts endorsed idea that Joe Biden stole electionDominion has argued that internal communications and depositions by Fox personnel prove the network knowingly spread falsehoods about Trump's loss in the 2020 U.S. presidential election in order to bolster its ratings. Fox has argued that its coverage of claims by Trump's lawyers were inherently newsworthy and protected by the First Amendment of the U.S. Constitution.
- Rupert Murdoch scraps proposal to combine Fox, News Corp, eyes sale of MoveSeveral top shareholders had publicly said they opposed the proposed plan, and on Tuesday News Corp said in a statement that the combination was "not optimal for shareholders of News Corp and Fox at this time." The deal would have reunited the media empire Murdoch split nearly a decade ago.
- Rupert Murdoch considers combining Fox, News CorpMurdoch said at the time that his vast media holdings had become "increasingly complex," and that a new structure would simplify operations. The split also shielded Fox's entertainment assets from any potential financial fall-out from a phone hacking scandal involving the media conglomerate's now-defunct News of the World publication in the United Kingdom.
- UK PM Liz Truss tries to soothe angry British publicBeleaguered UK Prime Minister Liz Truss said her government has a "clear plan" to fix the root cause of an energy crisis that has fueled skyrocketing inflation, in an effort to win public support for policies that prompted more than half of Britons to call for her resignation.
- US Capitol Storming: Rupert Murdoch's son Lachlan Murdoch opens defamation suit against Australian websiteAn opinion piece on the storming of the US Capitol is being sued by media mogul Rupert Murdoch's son Lachlan Murdoch, chief executive of Fox Corp. and co-chairman of News Corp. The initial day in court for a defamation lawsuit brought by his eldest son against Australian news website Crikey was on Friday.
- Model Jerry Hall, media tycoon Rupert Murdoch finalise divorceThe ex-couple had signed a prenup, and as per reports in June, it is unlikely that the separation would alter the ownership structure for Murdoch's businesses. His stakes include the parent companies of The Wall Street Journal and Fox News. His empire includes the mighty New York Post, The Sun, and The Times of London.
- Bodhi Tree completes acquisition of 36% stake in Allen Career Institute for $600 mnAllen is one of India’s largest coaching institutes, preparing students for entrance exams for engineering and medical sciences and for other streams. Founded by Rajesh Maheshwari in 1988, it claims to have a pan-India footprint with a growing presence in the Middle East. At present, it has 138 classroom centres in 46 cities.
- Billionaire Media Titan Rupert Murdoch and model Jerry Hall on their way to divorce after six-year marriage, reports sayThis will be the fourth divorce for the media mogul Rupert Murdoch, 91. He married model Jerry Hall in 2016.
- It's splitsville! Rupert Murdoch and Jerry Hall to end their 6-year-long marriageThis will be the 91-year-old's fourth divorce and the former supermodel's third.
- Akshata Murty developing ties to world’s super-rich via CatamaranPreviously unreported filings show that Murty’s family office was an early backer of dara5, a private investment community for “the next generation of global leaders,” co-founded in 2019 by a member of Qatar’s ruling dynasty, the Al-Thani family.
- Media tycoon Rupert Murdoch buys 340,000-acre ranch for $200 million from Koch dynastyThere’s also a 28-mile long river for trout fishing and 25 homes at the ranch.
- Zuck to pay Murdoch for newsElsewhere in today's ETtech Evening Briefing: Cred's valuation may hit $2 billion with fresh funding; Ant Group valued at more than $200 billion; and gaming platforms are tapping into the creator economy.
- Mogul vs Mogul: Australia's tech law pits Rupert Murdoch against Facebook's Mark ZuckerbergEfforts in Australia to make Google and Facebook pay for news has garnered worldwide attention, creating what some call a defining moment for the web and for journalism, and even a litmus test for democracy.
- Is Rupert Murdoch dumping Donald Trump?On Thursday night in Phoenix, Arizona, supporters of Trump bluntly shouted "Fox News Sucks" in reference to the news outfit considered fiercely loyal to the president for the past five years. Fox News infuriated Trump and his people on election night by calling Arizona for Democrat Joe Biden.
- Media scion James Murdoch resigns from the News Corp boardThe 47-year-old once seen as his father's successor has been openly critical of some media coverage from publishing empire News Corp's outlets in recent months.
- Fox and NBCUniversal in talks to acquire streaming platforms: ReportFox, the Murdoch-family controlled media group which owns the Fox News Channel, has said it would be willing to shell out some $500 million for Tubi, a streaming platform which airs mostly older movies and TV shows, the report said.
- World's richest gain $1.2 trillion as bizarre fortunes flourish in 2019Emergence of atypical fortunes underscores how much money the uber-rich accumulated in 2019.
- Bullish James Murdoch sets up first Mumbai office for new investment firmNitin Kukreja will head first non-US office of diversified investment fund Lupa.
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- Vijay Mallya and others who have tied the knot over 3 timesMallya is reportedly set to marry for the third time with girlfriend Pinky Lalvani.
- News corp takes aim against tech giants in OZ probeNews Corp, led the charge in arguing that Facebook and Google’s dominance of digital advertising significantly undermined the news industry.
- How author Michael Wolff got into the White House for his tell-all book on TrumpNearly everyone who spoke with Wolff thought someone else in the White House had approved their participation.
- H-1B visa issue: Trump was for it before he became against itOn December 14, 2016, a high-level delegation from Silicon Valley came to Trump Tower to meet the Presidentelect. Later that afternoon, Wolff writes, Trump called Murdoch, who asked him how the meeting had gone.
- Rupert Murdoch’s failure in digital arena a blight on his empireThere are examples of newspapers successfully making the transition to digital subscription, but Murdoch does not have too many brands that online readers will pay for.
- Rupert Murdoch solves empire succession by getting rid of the empireOn Thursday, Walt Disney Co. announced it has agreed to pay $52.4 billion to acquire much of the sweeping territory Murdoch spent a lifetime assembling.
- I-T dept may ask Disney and Fox to submit all documents and data on dealThree people in the know said the move may not necessarily lead to a tax liability as the 2012 law provides a level below which transactions can escape tax.
- How IPL brought Disney, Fox on the same pitchFacebook’s bid for the cricket was a “warning shot” that the digital giant was “coming at sport,” Murdoch said in an interview on Thursday.
- Star eyes ad sales of Rs1,800 crore from IPL 11Industry and company sources have informed ET that Star India has altered the sales structure and a project focused ad revenue team has been nominated.
- Head to Davos or Lisbon if you want to make an elevator pitch to Satya Nadella, Lakshmi Mittal!This is where the world’s top tycoons will be in the upcoming months.
- UK subjects Rupert Murdoch’s Fox to wider probe over Sky takeover bidSky shares were little changed, trading at 933 pence as of 11:26 a.m. in London, a 13% discount to the offer price.
- News Corp completes acquisition of GMX Services in IndiaGMX founder Rajan Parasuraman will stay on to lead the company as Managing Director. The new company has been renamed News Technology Services (NTS).
- From Subrata Roy to Rupert Murdoch, 5 business figures who were at the receiving end of hurled projectilesRecently, a man smashed a pie in Qantas CEO Alan Joyce's face.
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- Brexit bulletin: What the rest of the EU wantsBloomberg reporters put the question to governments across the continent and came away with a complex web of priorities and red lines.
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