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Keith Rupert Murdoch

source wikipedia Keith Rupert Murdoch (born 11 March 1931) is an Australian American business magnate. Murdoch became managing director of Australia's News Limited, inherited from his father, in 1952. He is the founder, Chairman and CEO of global media holding company News Corporation, the world's second-largest media conglomerate, and its successors News Corp and 21st Century Fox after the conglomerate split on 28 June 2013.

In the 1950s and '60s, he acquired various newspapers in Australia and New Zealand, before expanding into the United Kingdom in 1969, taking over the News of the World followed closely by The Sun. He moved to New York in 1974 to expand into the US market, but retained interests in Australia and Britain. In 1981, he bought The Times, his first British broadsheet, and became a naturalised US citizen in 1985.

In 1986, keen to adopt newer electronic publishing technologies, he consolidated his UK printing operations in Wapping, causing bitter industrial disputes. His News Corporation acquired Twentieth Century Fox (1985), HarperCollins (1989) and The Wall Street Journal (2007). He formed BSkyB in 1990 and during the 1990s expanded into Asian networks and South American television. By 2000 Murdoch's News Corporation owned over 800 companies in more than 50 countries with a net worth of over $5 billion.

In July 2011 Murdoch faced allegations that his companies, including the News of the World, owned by News Corporation, had been regularly hacking the phones of celebrities, royalty and public citizens. He faces police and government investigations into bribery and corruption by the British government and FBI investigations in the US. On 21 July 2012, Murdoch resigned as a director of News International.

Murdoch was born Keith Rupert Murdoch on 11 March 1931 in Melbourne, Australia to Sir Keith Murdoch and Elisabeth Joy Greene , daughter of Rupert Greene. Rupert Murdoch is of English, Irish, and Scottish ancestry. His parents were also born in Melbourne. In addition to Rupert, the couple had three daughters: Janet Calvert-Jones, Anne Kantor and Helen Handbury. Murdoch read Philosophy, Politics and Economics at Worcester College, the University of Oxford in England, where he supported the Labour Party and managed Oxford Student Publications Limited, the publishing house of Cherwell Newspaper. At 102 (in 2011), she [Elisabeth Murdoch] had 74 descendants. Murdoch completed an MA before working as a sub-editor with the Daily Express for two years.

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Business in UK:

In 1968 Murdoch entered the British newspaper market with his acquisition of the populist News of the World, followed in 1969 with the purchase of the struggling daily broadsheet The Sun from IPC. Murdoch turned The Sun into a tabloid format and reduced costs by using the same printing press for both newspapers.

In 1997 The Sun attracted 10 million daily readers. In 1981, Murdoch acquired the struggling Times and Sunday Times from Canadian newspaper publisher Lord Thomson of Fleet. Ownership of The Times came to him through his relationship with Lord Thomson, who had grown tired of losing money on it as a result of much industrial action that stopped publication. In the light of success and expansion at The Sun the owners believed that Murdoch could turn the papers around. Harold Evans, Editor of the Sunday Times from 1967, was made head of the daily Times, though he stayed only a year amid editorial conflict with Murdoch.