Current Media Position:
Significance to the Media Industry:
Another major innovation was the creation of Fox News Channel in 1996. The thought had been that CNN, which had been on the air for 16 years, couldn't be beat. Murdoch wasn't afraid of CNN, or MSNBC, which also launched in 1996. Now, Fox News Channel dominates cable TV news by branding itself using conservative political commenatators, while its rivals scramble to find a formula to compete.
Such power doesn't come without controversy. Murdoch has been criticized for using his media properties to promote his political views and for using sensationalism and titillation across both his broadcast and print properties to build an audience.
His methods are coming under scrutiny with the phone-hacking scandal that led him to shut down the News of the World, Britain's top-selling Sunday newspaper, in 2011. Murdoch could be forced to testify and may face calls for him to step down as leader of News Corp.
Rupert Murdoch's Early Career:
In 1968, he bought the News of the World in Great Britain, followed by The Sun. In the U.S., Murdoch bought the San Antonio Express-News in 1973, started the The Star, supermarket tabloid and purchased the New York Post to launch his foothold in the states. After that, he turned his attention to television and film properties.
Murdoch gave up his Australian citizenship to become an American citizen. That was necessary in order for him to begin purchasing U.S. television stations to set up the Fox network.
In 2007, Murdoch bought Dow Jones & Company, which is best know for its Dow Jones Industrial Average (DJIA) stock market index and The Wall Street Journal. This acquisition not only boosted Murdoch's portfolio of U.S. companies, it brought him new presige in the business community.
His career will now likely become a story of fighting for personal survival in the wake of the phone-hacking scandal. Because Murdoch is in his 80s, its natural for his board of directors to think of a future without him as leader. But with the scandal, some are already calling for someone new to take charge.
Murdoch has been married three times, most recently to Wendy Deng in 1999. He has six children from his marriages, whose ages span 45 years from oldest to youngest. A few of his older children have played corporate roles within News Corp.