What makes Rupert Murdoch a Global Shaker?
The father of tabloid journalism, Rupert Murdoch started his media empire from a single newspaper in Adelaide, Australia, and has now become one of the most feared businessmen in the media industry, following a closely tailored practice of influencing political processes and having a network of connections to politicians.
Murdoch, who is a long-time Europsceptic, owns a series of publications in the UK, the loudest of which is The Sun. He called the Brexit results ‘wonderful’. Murdoch’s comments suggest that the Sun newspaper reflected his own Eurosceptic views, although the paper’s editor, Tony Gallagher, has made no secret of his own dislike of the EU. Murdoch through his leading national daily and international units (Fox News) influenced the Brexit voters. He also happens to be close to President Trump and has said on several occasions that ‘he is a very able man’.
His media empire sprawls across more than 30 countries and hundreds of newspapers, TV channels and online media platforms. His deal with Disney for $60 billion has effectively reshaped the media industry. It now gives more time to Murdoch to focus his attention on his passion: newspapers. The new deal with Disney will see Fox’s most profitable assets, such as 21st Century Fox, being re-branded under a new banner called “New Fox”. He may look to merger News Corp with New Fox later in the future. Meanwhile, he holds immense influence in the developed world through media companies and personal relationships with the incumbent politicians.
Last updated: May 20, 2019
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