News Corp. (News Corporation) Chairman Robert Murdoch (Rupert Murdoch) is clearly unwilling to spend 580 million U.S. dollars acquisition of the “Wall Street Journal” (Wall Street Journal) When the pet custody, he asked the newspaper more and more strict.
He believes that “the Wall Street Journal,” the article too long, users simply did not have time to read the contents. His editors and reporters, said bluntly: “Stop to win the ‘Pulitzer Prize’ writing, or make some readers like the content of it.”
Murdoch’s concerned about the content is different from other private equity investors.
In other words, only those capitalists who have financial interest in the acquisition news, they did not have the morality of journalists, journalism is also a lack of enthusiasm to join. At this point, Murdoch is an exception.
Young reporters to the world’s largest media group chairman, Rupert Murdoch want to do successful private equity investment, and proud of the cultural workers, or was he just want to be a rich »
22-year-old publisher
Murdoch’s father, Keith Murdoch (Keith Rupert Murdoch) is well-known jazz Zhandijizhe and publishers, his initial vision is to train his son into an outstanding journalists. In 1949, he sent to Murdoch University of Oxford Worcester Institute of Education, after graduating from Murdoch was the first work – London “Daily Express” (Daily Express) assistant editor.
Keith Murdoch was the hope that Murdoch can stay in London development, but in 1952 an autumn afternoon a sudden heart attack claimed his life, as the only son, Murdoch must inherit his father The industry – including the “Herald” (The Herald), the four newspapers. That year, the 22-year-old Murdoch.
Keith Murdoch and left no high-quality assets, on the contrary, several newspapers are in a financial crisis. Murdoch transfer of the two newspapers, to retain the “Mail on Sunday” (Sunday Mail) and “Business News” (The News), the publisher.
On the management side, Murdoch superior than his father. Murdoch worked like crazy, regardless of his or edit other members of the Board of Trustees of the opposition, insisted in its own way operation.
They do not like the managers, but a few years, Murdoch will be “Mail on Sunday” with the greatest competitor, “ads on” (Journal of Advertising) merger, and to “Business News” profits, those who do not like He’s had to continue to work for him.
Subsequently, Murdoch spent 400,000 U.S. dollars annexation of the “Sunday Times” (Sunday Times). It was said with emotion: “Murdoch can always use other people’s money in your pocket into the matter.”
The success of mergers and acquisitions,
Murdoch keen on innovation, the “Sunday Times” completely, as a young publisher, Rupert Murdoch made a successful first step, he has formed the Perth and Adelaide in Australia a little press Group.
This time, he also began to Sydney chaotic capital of the newspaper industry to declare war, and he would also like to fierce competition among the television industry.
Murdoch’s acquisition of the pace of the past 40 years has not stopped and now he’s in charge of News Corp. net assets of more than 40 billion U.S. dollars, covering films, television programmes, broadcast, satellite and cable broadcasting, newspapers, magazines, book publishing and digital broadcasting , Encryption and ratings management system development.
Control of the Australia 2 / 3 of the newspaper, the United Kingdom, “The Sun” (The Sun), “The Times” (The Times), and so 40 percent of the newspaper. He also owns Britain’s Sky TV, the Fox television network, the Hong Kong Asia Satellite TV…… after the advent of the Internet era, Murdoch and Japanese companies to jointly develop the Internet for investment in financial companies – Softbank, as well as his Has brought huge profits.
If Murdoch 60 seconds to time, he also can not speak their breath in the past 20 years has bought a number of newspapers, the number of companies involved in a number of areas, because it is too much.
