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News Corp: Making of a Global Media Business
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Murdoch had inherited his passion for newspapers from his father Sir Keith Murdoch. After his father's demise in 1952, the young Murdoch returned to Australia from Oxford, UK where he was studying. Just before his death, Sir Keith used all his savings to increase his stake in News, which he bequeathed to his only son...
By the 1980s, Murdoch was looking beyond media operations. Wanting to expand into entertainment, he eyed the US, long considered to be the entertainment capital of the world. Murdoch believed that a really integrated media company had to be involved in entertainment, of which, movies was an integral part...
Many media companies had burnt their fingers while making their Internet forays. After its merger with Time Warner, AOL's stock had declined from more than $50 to less than $15 per share in less than a year...
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