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| News Corporation (2013–present) | |
|---|---|
| Name | News Corporation |
| Type | Public |
| Industry | Mass media |
| Founded | 2013 |
| Founder | Rupert Murdoch |
| Headquarters | 1211 Avenue of the Americas, New York City, United States |
| Key people | Rupert Murdoch, Lachlan Murdoch |
| Revenue | See Financial performance |
News Corporation (2013–present) is a multinational mass media and publishing conglomerate formed in 2013 following a corporate split that separated publishing assets from a newly constituted entertainment company. The company controls a portfolio of newspapers, book publishing, digital real estate services, and advertising businesses, and its operations span Australia, the United Kingdom, the United States, and Asia. It is publicly listed and retains significant influence through family ownership and cross-border media holdings.
The company was established during a strategic reorganization orchestrated by media proprietor Rupert Murdoch and executed by corporate advisers including Lachlan Murdoch and executive teams with counsel from investment banks associated with Goldman Sachs, Morgan Stanley, and Credit Suisse. The split followed years of scrutiny arising from controversies tied to assets previously held by the pre-2013 conglomerate; those events involved entities such as News International, The Sun (United Kingdom), The Wall Street Journal, and News of the World. The reorganization created two distinct public companies, one retaining film and television assets associated with 21st Century Fox and another retaining publishing and digital property services linked to legacy brands like HarperCollins and The Times (London). Shareholders including institutional holders such as Vanguard Group, BlackRock, and hedge funds participated in initial public offerings and subsequent equity placements.
The company operates a holding-company structure with regional subsidiaries and vertical business units. Key corporate entities include consumer media divisions centered on titles such as The Wall Street Journal, The Times (London), and The Australian; book publishing through HarperCollins; and real estate and advertising through platforms like REA Group and Move, Inc.. The board comprises directors with backgrounds from firms such as News Corp Australia, Dow Jones & Company, and international advisory boards with ties to Macquarie Group and KPMG. Family influence is evident through voting arrangements and dual-class share structures practiced in media conglomerates similar to arrangements seen at Fox Corporation and historic models like Bertelsmann.
Operational divisions encompass print journalism, digital publishing, book publishing, classifieds, and niche trade periodicals. Notable media assets include daily and Sunday newspapers such as The Wall Street Journal, The Times (London), and The Sunday Times; book imprints under HarperCollins; and online property marketplaces including REA Group in Australia and Move, Inc. in the United States. The company’s advertising operations interact with programmatic platforms and advertising networks similar to those employed by companies like Google and Facebook. International bureau and correspondent networks operate from hubs in cities including New York City, London, Sydney, and Hong Kong. Partnerships and content syndication agreements reach broadcasters and publishers such as Sky Group, BBC, and CNN through licensing and content-sharing arrangements.
Since 2013 the company executed acquisition strategies, divested non-core assets, and restructured holdings to focus on publishing and digital marketplaces. Transactions involved buying or increasing stakes in companies comparable to REXFeatures-style photo agencies and strategic investments in classifieds similar to Zillow-adjacent marketplaces. The firm completed public listings for subsidiaries and sold assets to industry players including private equity firms like Apollo Global Management and media groups such as Gannett and Tronc in comparable deals. Strategic restructuring paralleled corporate moves by conglomerates including News Corporation (1980s–2013)-era disposals and leveraged transactions akin to those executed by Time Warner and Viacom.
Leadership centers on chairman and executive roles occupied by members of the Murdoch family, principally Rupert Murdoch and Lachlan Murdoch, supported by non-executive directors with experience at NBCUniversal, The Economist Group, and major financial institutions. Governance practices reflect public company norms overseen by audit and compensation committees with advisors from firms such as Deloitte and PwC. Shareholder engagement has involved institutional investors like BlackRock and activist investors comparable to Elliott Management in other media campaigns, influencing executive compensation and strategic direction.
The company’s financial performance has been reported through publicly filed results showing revenues derived from subscriptions, advertising, classifieds, and publishing sales, with profitability affected by trends similar to those confronting Gannett and Tronc amid digital transformation. Controversies affecting reputation and operations connect to prior events involving phone hacking scandal-era investigations and journalism ethics debates tied to titles such as The Sun (United Kingdom) and News of the World (closure). Public scrutiny prompted internal reviews, editorial policy changes, and corporate governance reforms paralleling responses by peers like The New York Times Company.
The company has engaged with regulatory bodies and legal frameworks across jurisdictions including inquiries and compliance obligations before agencies comparable to the Competition and Markets Authority, the Federal Trade Commission, and Australian regulators such as the Australian Competition and Consumer Commission. Litigation themes have included defamation claims, intellectual property disputes, employment litigation, and regulatory investigations similar to proceedings involving Dow Jones & Company and other publishers. Cross-border media ownership rules and press regulation debates in forums like parliamentary committees in Westminster and commissions in Canberra have influenced corporate strategy and asset allocation.
Category:News Corporation Category:Mass media companies established in 2013