News Corporation
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| News Corporation | |
|---|---|
 Coolcaesar at English Wikipedia · CC BY-SA 3.0 · source | |
| Name | News Corporation |
| Type | Public |
| Traded as | NASDAQ: NWSA, NASDAQ: NWS, ASX: NNC, ASX: NWS |
| Industry | Media |
| Founded | 1979 |
| Founder | Rupert Murdoch |
| Headquarters | New York City, New York, United States |
News Corporation is a multinational media conglomerate founded by Rupert Murdoch in 1979, with its headquarters in New York City, New York, United States. The company has a diverse portfolio of assets, including The Wall Street Journal, The Times, The Sun, and Fox News Channel, among others, which are also affiliated with Dow Jones & Company, HarperCollins, and 20th Century Studios. News Corporation operates in several countries, including Australia, United Kingdom, and United States, with notable partnerships with Sky plc, National Geographic Society, and Realtor.com. The company's history is closely tied to the careers of Rupert Murdoch, Lachlan Murdoch, and James Murdoch, who have all played significant roles in shaping the company's direction.
● History
The history of News Corporation began in 1979, when Rupert Murdoch founded the company in Adelaide, Australia. Over the years, the company has undergone significant transformations, including its Initial public offering (IPO) on the Australian Securities Exchange in 1979, and its subsequent listing on the NASDAQ in 1990, with the help of Goldman Sachs and Morgan Stanley. News Corporation's expansion into the United States market was facilitated by its acquisition of 20th Century Fox in 1985, which also led to the creation of Fox Broadcasting Company and Fox News Channel, with the involvement of Roger Ailes and Ted Turner. The company's growth was also driven by its acquisition of The Wall Street Journal in 2007, which was facilitated by Dow Jones & Company and Bancroft family, and its partnership with National Geographic Society.
● Corporate Governance
News Corporation's corporate governance structure is led by its Board of Directors, which includes Rupert Murdoch, Lachlan Murdoch, and James Murdoch, among others, who have also worked with Chase Carey and Peter Chernin. The company's governance is also influenced by its significant shareholders, including The Vanguard Group, BlackRock, and State Street Corporation, which have also invested in Comcast, The Walt Disney Company, and AT&T. News Corporation's corporate governance has been shaped by its relationships with other companies, including 21st Century Fox, Sky plc, and Realtor.com, which have also partnered with Google, Amazon, and Facebook. The company's governance structure has been influenced by the careers of Rupert Murdoch, Lachlan Murdoch, and James Murdoch, who have all played significant roles in shaping the company's direction, with the advice of Allen & Company and JPMorgan Chase.
● Assets and Subsidiaries
News Corporation's assets and subsidiaries include a diverse range of media companies, such as The Wall Street Journal, The Times, The Sun, and Fox News Channel, among others, which are also affiliated with Dow Jones & Company, HarperCollins, and 20th Century Studios. The company also owns significant stakes in Sky plc, National Geographic Society, and Realtor.com, which have also partnered with Google, Amazon, and Facebook. News Corporation's assets and subsidiaries operate in several countries, including Australia, United Kingdom, and United States, with notable partnerships with Comcast, The Walt Disney Company, and AT&T. The company's assets and subsidiaries have been shaped by its relationships with other companies, including 21st Century Fox, CBS Corporation, and ViacomCBS, which have also invested in Hulu, Netflix, and Apple TV+.
● Controversies and Criticisms
News Corporation has been involved in several controversies and criticisms throughout its history, including the News International phone hacking scandal in 2011, which led to the closure of News of the World and the resignation of Rebekah Brooks and Andy Coulson. The company has also faced criticism for its Fox News Channel coverage of Donald Trump and the 2016 United States presidential election, with the involvement of Sean Hannity and Tucker Carlson. News Corporation's ownership of The Wall Street Journal has also been criticized for its perceived bias and conflict of interest, with the involvement of Pulitzer Prize and Peabody Award. The company's relationships with other companies, including Google, Amazon, and Facebook, have also been subject to scrutiny and criticism, with the involvement of Federal Trade Commission and European Commission.
● Financial Performance
News Corporation's financial performance has been shaped by its diverse portfolio of assets and subsidiaries, including The Wall Street Journal, The Times, The Sun, and Fox News Channel, among others. The company's revenue has been driven by its advertising and subscription businesses, with significant contributions from Dow Jones & Company, HarperCollins, and 20th Century Studios. News Corporation's financial performance has also been influenced by its relationships with other companies, including Comcast, The Walt Disney Company, and AT&T, which have also invested in Hulu, Netflix, and Apple TV+. The company's financial performance has been subject to fluctuations in the media industry, with significant impacts from the 2008 financial crisis and the COVID-19 pandemic, with the involvement of Federal Reserve and International Monetary Fund. News Corporation's financial performance has been shaped by the careers of Rupert Murdoch, Lachlan Murdoch, and James Murdoch, who have all played significant roles in shaping the company's direction, with the advice of Goldman Sachs and Morgan Stanley. Category:Media companies