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| Birth Name(s) : Rupert Murdoch |
Date of Birth: N/A |
| Status:
Single
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Partner:
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| Profession:
Public Figure |
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Full Rupert Murdoch Biography
1) Patricia Booker (1956 - 1967), one daughter Prudence;2) Anna Tõrv (1967 - 1999), one daughter Elisabeth and two sons Lachlan and James;3) Wendi Deng (1999 - present); two daughters Grace and Chloe
Rupert Murdoch was born in Victoria, Australia, and was reading Philosophy, Politics and Economics at Worcester College, Oxford University, when his father, Keith Murdoch, died in 1952.
To neutralize public emotion on the issue of hanging he commuted Stuart's sentence to life imprisonment and then established a royal commission, conducted by the state's Chief Justice, the same judge who had passed sentence on Stuart. The outcome was a confirmation of Stuart's guilt and a recommendation that News Ltd (of which Murdoch was managing director) and its editor be charged with nine counts of seditious libel, a form of treason based on medieval English law, and criminal libel. Eight of the charges were thrown out, but the jury could not agree on the ninth, which the prosecution subsequently withdrew. Shortly after this Murdoch replaced Rivett as editor of The News.
During this period, Murdoch turned his attention overseas. His business success in Australia and his fastidious policy of prompt periodic repayments of his borrowings had placed him in good financial standing with the Commonwealth Bank and he obtained its support for his biggest venture yet, the takeover of a family company which owned The News of the World, the Sunday newspaper with the biggest circulation in Britain.
Murdoch expanded to Britain in 1968. He succeeded in beating rival publisher Robert Maxwell in securing The News of the World, which had been the most popular English language newspaper in the world, claiming a peak circulation of 8,441,966 in 1950. By 1968, the circulation had dropped to around six million and a substantial number of its shares were offered for sale by a member of the Carr family, which had part-owned and managed the company for nearly seventy years.
It was also the first time Murdoch risked the whole business he had already created on the outcome of a new venture, for he mortgaged the most valuable of his existing Australian properties to buy the paper with a promise that he would share control with the existing Carr management. Upon succeeding, Murdoch not only controlled News of the World but had then completely regained full ownership of all his Australian assets.
Murdoch acquired Star TV from a Hong Kong company in 1993 (Souchou, 2000:28) STAR TV (Asia) and created offices for it throughout Asia, including Singapore, China, India, Pakistan, Vietnam, etc. It is one of the biggest satellite TV networks in Asia.
Recently, Murdoch has bought out the Turkish TV channel, TGRT, which was previously confiscated by the Turkish Board of Banking Regulations, TMSF. Newspapers report that Murdoch has bought TGRT in a partnership with Turkish recording mogul, Ahmet Ertegün and there are alleged reports that Murdoch has acquired Turkish citizenship to overcome the current obligations against capital sales to foreigners.
Asked about the Australian federal election, 2007, at the News Corporation annual general meeting in New York on 19 October 2007, its chairman Rupert Murdoch, once an Australian and now a citizen of the USA said, "I am not commenting on anything to do with Australian politics, I'm sorry. I always get into trouble when I do that." Pressed whether he believed Prime Minister John Howard should be re-elected he said: "I have nothing further to say. I'm sorry. Read our editorials in the papers. It'll be the journalists who decide that - the editors."
In 1998, Rupert Murdoch made a failed attempt to buy footballing power Manchester United FC. He offered £625 million. It was the largest amount of money anyone had offered for a sports club. It was rejected by the United Kingdom's Competition Commission, citing that the acquisition would have "hurt competition in the broadcast industry and the quality of British football."
On June 28, 2006 the BBC reported that Murdoch and News Corporation are flirting with idea of backing Tory leader David Cameron at the next General Election. However in a recent interview, when asked what he thought of the new Conservative leader, Murdoch replied "Not much".
Anna Murdoch received a settlement of US$ 1.2 Billion assets. Seventeen days after the divorce, on June 25, 1999, Murdoch, then 68, married Chinese born Deng Wendi, later changed to Wendi Deng. She was then 30, a recent Yale School of Management graduate and newly appointed vice-president of STAR TV. Anna Murdoch was also remarried, in October 1999, to William Mann.
Murdoch has since had two children with Deng: Grace (born in New York November 19, 2001) and Chloe (born in New York July 17, 2003).
In 1999, The Economist reported that Newscorp Investments had made £1.4 billion ($2.1 billion) in profits over the previous 11 years but had paid no net corporation tax. It further reported, after an examination of what was available of the accounts, that Newscorp would normally have expected to pay a corporate tax of approximately $350 million. The article explained that the corporation's complex structure, international scope and use of offshore havens allowed News Corporation to avoid tax. |
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