Rupert Murdoch
Rupert Murdoch
Keith Rupert Murdoch /ˈmɜːrdɒk/, AC, KCSGis an Australian-born American media mogul. His father, Keith Arthur Murdoch, had been a reporter and editor and a senior executive of the Herald and Weekly Times newspaper publishing company covering all Australian states except New South Wales. After his father's death in 1952 Keith Rupert Murdoch declined to join his late father's registered public company and created his own private company, News Limited. Murdoch thus had full control as Chairman and CEO of global...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth11 March 1931
CityMelbourne, Australia
CountryUnited States of America
To find something comparable, you have to go back 500 years to the printing press, the birth of mass media – which, incidentally, is what really destroyed the old world of kings and aristocracies. Technology is shifting power away from the editors, the publishers, the establishment, the media elite. Now it’s the people who are taking control.
Most newspaper companies still have their heads in the sand, but other media companies are aggressive.
As with all politically lead governments, foreign investment is the slowest in the media section. Politicians are somewhat paranoid about the media but we still think it's worthwhile.
Is there any other industry [than the press] in this country which seeks to presume so completely to give the customer what he does not want?
Well, except for ABC, CBS, NBC, MSNBC, CNN, New York Times, the Washington Post, and about another 100 newspapers, I find little evidence of liberal bias in the media.
There is so much media now with the Internet and people, and so easy and so cheap to start a newspaper or start a magazine, there's just millions of voices and people want to be heard.
My father left me with a clear sense that the media was something different.
Size and synergies between the different segments of the company matter. As far as we are concerned, the Internet is broadening our opportunity, as well as for other big media companies with huge resources in sports, entertainment and news. There's just more opportunity.
These shares don't carry rights and requirements. On the other hand, John's a friend and always would be welcome on our board.
The sky is the limit, ... Certainly we would see revenue over $US500 million (and) we would hope $US1 billion. But it will probably be somewhere in between there.
And, while we faced comparisons to a record quarter year ago at our film studio, we released a number of successful films this quarter each of which should generate strong returns later this fiscal year when distributed in home entertainment.
People grab the paper, tear the DVD off and throw away the paper. They've got to learn. That's got to stop.
We do recognize the fact that the share price at the moment is rotten, ... There's some disconnect between our company's growth and the share price.
Why would I spend $5 billion for something in order to wreck it?