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Media magnate Rupert Murdoch is the founder and head of News Corporation, a global media conglomerate. He created FOX Broadcasting Company in 1986.
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He quickly converted the News into a chronicle of crime, sex and scandal, and while these changes were controversial, the paper's circulation soared. Only three years later, in 1956, Murdoch expanded his operations by purchasing the Perth-based Sunday Times, and revamped it in the sensationalist style of the News. Then, in 1960, Murdoch broke into the lucrative Sydney market by purchasing the struggling afternoon daily, the Mirror,
and slowly transforming it into Sydney's best-selling afternoon paper. Encouraged by his success and harboring ambitions of political influence, in 1965 Murdoch founded Australia's first national daily paper, the Australian, which helped to rebuild Murdoch's image as a respectable news publisher.
In the fall of 1968, 37 years old and owner of an Australian news empire valued at $50 million, Murdoch moved to London and purchased the enormously popular Sunday tabloid, The News of the World. One year later, he purchased a struggling daily tabloid, the Sun, once again transformed the paper into a wild success with his formula of reporting heavily on sex, sports and crime. The Sun also attracted readers by including pictures of topless women in its infamous "Page 3" feature.
Murdoch next expanded his news empire to the United States, with the 1973 acquisition of a Texas-based tabloid, the San Antonio News. As he had done in Australia and England, Murdoch quickly set out to expand across the country, founding a national tabloid, the Star, in 1974 and purchasing the New York Post in 1976. In 1979, Murdoch founded News Corporation, commonly referred to as News Corp., as a holding company for his various media properties.
Throughout the 1980s and 1990s, Murdoch acquired news outlets around the globe at a dizzying pace. In the United States, he bought up the Chicago Sun-Times, the Village Voice and New York magazine. In England, he acquired the eminently respectable Times and Sunday Times of London.
It was also during these years that Murdoch began expanding his media empire into television and entertainment. In 1985, he purchased 20th Century FOX Film Corporation as well as several independent television stations and consolidated these companies into FOX, Inc.—which has since become a major American television network. In 1990, he founded STAR TV, a Hong Kong-based television broadcasting company that broadcasts to over 320 million viewers across Asia. Throughout the late 1980s, he purchased several prestigious American and British academic and literary publishing companies and consolidated them into HarperCollins in 1990. Murdoch has also invested in sports; he is a part owner of the Los Angeles Kings NHL franchise, the Los Angeles Lakers NBA franchise and the Staples Center, as well as FOX Sports Radio and FOXSports.com.
With the dawn of the new century, Murdoch continued to expand News Corp's holdings to control more and more of the media people view on a daily basis. In 2005, he purchased Intermix Media, the owner of the popular social networking site MySpace.com.
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