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Rupert Murdoch (1931)

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  Summary  

Keith Rupert Murdoch, AC, KSG is an Australian-American media mogul. He is the founder and Chairman and CEO of News Corporation, the world's second-largest media conglomerate.

In 1953, Murdoch became managing director of News Limited, inherited from his father. In the 1950s and '60s, he acquired various newspapers in Australia and New Zealand, before expanding into the United Kingdom in 1969, taking over the News of the World and then The Sun. He moved to New York in 1974 to expand into the US market and became a naturalised US citizen in 1985. In 1981, he bought The Times, his first British broadsheet. In 1986, keen to adopt newer electronic publishing technologies, he consolidated his UK printing operations in Wapping, causing bitter industrial disputes. His News Corporation acquired Twentieth Century Fox , HarperCollins and The Wall Street Journal . He formed BSkyB in 1990 and during the 1990s expanded into Asian networks and South American television. By 2000 Murdoch's News Corporation owned over 800 companies in more than 50 countries with a net worth of over $5 billion.

In July 2011 Murdoch faced allegations that his companies, including the News of the World, owned by News Corporation, had been regularly hacking the phones of celebrities, royalty and public citizens. He faced police and government investigations into bribery and corruption in the UK and FBI investigations in the US.

  Biography  

 early life
Murdoch was born in Melbourne, the only son of Sir Keith Murdoch (1885–1952) and Elisabeth Greene . His mother is of English and Scottish ancestry. His parents were both born in Melbourne. Keith Murdoch was a renowned war correspondent and later a regional newspaper magnate. He asked for a rendezvous after seeing her debutante photograph in one of his own newspapers and they married in 1928, when she was aged 19 and he 23 years her senior. In addition to Rupert, the couple had three daughters: Janet Calvert-Jones, Anne Kantor and Helen Handbury (1929–2004).

Murdoch attended the elite Geelong Grammar School, where he had his first experience of editing a publication, being co-editor of the school's official journal The Corian and editor of the student journal If Revived. He worked part time at the Melbourne Herald and was groomed by his father from an early age to take over the family business. Murdoch read Philosophy, Politics and Economics at Worcester College, Oxford University in England, where he supported the Labour Party. After her husband's death from cancer in 1952, Elisabeth Murdoch went on to invest herself in charity work, as life governor of the Royal Women's Hospital in Melbourne and establishing the Murdoch Children's Research Institute. At 102 she has 74 descendants. Murdoch completed an MA before working as a sub-editor with the Daily Express for two years.

 family
 Marriages

In 1956 Murdoch married Patricia Booker, a former shop assistant and flight attendant from Melbourne and they had their first child, Prudence, in 1958. Rupert and Patricia Murdoch divorced in 1967. In 1967 Murdoch married Anna Torv, a Scottish-born cadet journalist working for his Sydney newspaper The Daily Telegraph (not to be mistaken for the actress Anna Torv of Fringe who is the elder Torv's niece). During his marriage to Torv, a Roman Catholic, Murdoch was awarded the KSG, a papal honour. Torv and Murdoch had three children: Elisabeth Murdoch , Lachlan Murdoch , and James Murdoch, . Murdoch's companies published two novels by his then wife: Family Business and Coming to Terms , both widely regarded as vanity publications. They divorced in June 1999. Anna Murdoch received a settlement of US$ 1.2 billion in assets.

On 25 June 1999, 17 days after divorcing his second wife, Murdoch, then aged 68, married Chinese-born Deng Wendi . She was 30, a recent Yale School of Management graduate, and a newly appointed vice-president of his STAR TV. Murdoch has two children with her.

 Children
Murdoch has six children. His eldest child, Prudence MacLeod, was appointed on 28 January 2011 to the board of Times Newspapers Ltd, part of News International, which publishes The Times and The Sunday Times. Murdoch's eldest son Lachlan, formerly the deputy chief operating officer at the News Corporation and the publisher of the New York Post, was Murdoch's heir apparent before resigning from his executive posts at the global media company at the end of July 2005. Lachlan's departure left James Murdoch chief executive of the satellite television service British Sky Broadcasting since November 2003, as the only Murdoch son still directly involved with the company's operations, though Lachlan has agreed to remain on the News Corporation's board.

After graduating from Vassar College and marrying classmate Elkin Kwesi Pianim in 1993, Murdoch's daughter Elisabeth, along with her husband, purchased a pair of NBC-affiliate television stations in California, KSBW and KSBY, with a $35 million loan provided by her father. By quickly re-organising and re-selling them at a $12 million profit in 1995, Elisabeth emerged as an unexpected rival to her brothers for the eventual leadership of the publishing dynasty's empire. But after divorcing her first husband in 1998 and quarrelling publicly with her assigned mentor Sam Chisholm at BSkyB, she struck out on her own as a television and film producer in London. She has since enjoyed independent success, in conjunction with her second husband, Matthew Freud, the great-grandson of Sigmund Freud whom she met in 1997 and married in 2001.

It is not known how long Murdoch will remain as News Corporation's CEO. For a while the American cable television entrepreneur John Malone was the second-largest voting shareholder in News Corporation after Murdoch himself, potentially undermining the family's control. In 2007, the company announced that it would sell certain assets and give cash to Malone's company in exchange for its stock. In 2007, the company issued Murdoch's older children voting stock.

Rupert Murdoch has two children with Wendi Deng: Grace and Chloe . It was revealed in September 2011 that Tony Blair is Grace's godfather.There is reported to be tension between Murdoch and his oldest children over the terms of a trust holding the family's 28.5 percent stake in News Corporation, estimated in 2005 to be worth about $6.1 billion. Under the trust, his children by Wendi Deng share in the proceeds of the stock but have no voting privileges or control of the stock. Voting rights in the stock are divided 50/50 between Murdoch on the one side and his children of his first two marriages. Murdoch's voting privileges are not transferable but will expire upon his death and the stock will then be controlled solely by his children from the prior marriages, although their half-siblings will continue to derive their share of income from it. It is Murdoch's stated desire to have his children by Deng given a measure of control over the stock proportional to their financial interest in it . It does not appear that he has any strong legal grounds to contest the present arrangement, and both ex-wife Anna and their three children are said to be strongly resistant to any such change.

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Whole or part of the information contained in this card come from the Wikipedia article "Rupert Murdoch", licensed under CC-BY-SA full list of contributors here.