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(BUSINESS & MEDIA) 3rd largest media holding company in the world; US holdings include Fox News, Wall Street Journal, New York Post, and Dow Jones; in the UK, News of the World, *The Sun*, *The Sunday Times*, & The Times (London); and a couple dozen papers in Australia, plus Sky Broadcasting. News Corp also owns HarperCollins & 20th Century Fox.
News Corp is fairly aggressive for a holding company in actually imposing a unified strategy and brand identity on its holdings. It was created by Rupert Murdoch from News, LTD. (a firm created by Murdoch's father, Sir Keith) in 1979, a few years after he went on a media buying spree in the USA. Murdoch became a US citizen so he could legally own US TV stations. The Murdoch family owns 29% of News Corp; Saudi Prince Al-Walid bin Talal owns 7%.
News Corp launched Fox News in 1996 to compete with CNN; shortly before this, News Corp also launched the neoconservative magazine *The Weekly Standard* with William Kristol as its editor.
News Corp is not as large as Walt Disney or Time Warner, but it has been far more successful as a business model than its larger competitors. That's mainly because Murdoch focused on finances and political strategy, whereas the other media conglomerates remain unwieldy, random agglomerations. It's like a battle between a remorseless bulldozer and a large heap of sand.
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When all the news corporations in your country are dead. no longer independent or bought up by the highest bidder. Freedom of press is dead and has come back in the form of propaganda.
all the news in this country has become a zombie news-corp, I may as well stop paying attention.
Australia's de facto government, but the actual government defends them and lets them make so much decisions that they may as well be the real thing.
Also see shitfuckery
I am sick to fucking death of News Corp destroying the media and the country. Why can't it have a shred of independence and common sense? Hate living in Australia solely because of them. They claim to be "for all Australians" when not everyone wants to be associated with these wankers. Kevin Rudd made a petition to have a royal commission into them (kudos to him) but the government released an 100 page document basically just glorifying Murdoch, pissing all of us off. I will move to Addu City so I am not here when this act of treason gets too far.