News Corp Australia

News Corp Australia (formerly News Limited) is one of Australia’s largest media companies, employing more than 8,000 staff nationwide and approximately Trio,000 journalists. The publicly listed company’s interests span newspaper and magazine publishing, Internet, subscription television, market research, DVD and film distribution, and film and television production trading assets. [1]

one thousand nine hundred twenty three ; ninety four years ago ( one thousand nine hundred twenty three )

DVD and film distribution

Film and television production

News Corp Australia possesses approximately one hundred forty two daily, Sunday, weekly, bi-weekly and tri-weekly newspapers, of which three are free commuter titles and one hundred two are suburban publications (including sixteen in which News Corp Australia has a 50% interest). News Corp Australia publishes a nationally distributed newspaper in Australia, a metropolitan newspaper in each of the Australian cities of Sydney, Melbourne, Brisbane, Adelaide, Perth (Sundays only), Hobart and Darwin and groups of suburban newspapers in the suburbs of Sydney, Melbourne, Adelaide, Brisbane and Perth. The company publishes a further thirty magazine titles across Australia. [Two] According to the Finkelstein Review of Media and Media Regulation, in two thousand eleven News Corp Australia (then News Limited) accounted for 23% of the newspaper titles in Australia. [Trio]

With interests in digital media, the company’s sites include news.com.au, Business Spectator and Eureka Report, Kidspot.com.au, taste.com.au and homelife.com.au. It has 50% stakes in CareerOne.com.au and carsguide.com.au, a share in REA Group that operates www.realestate.com.au, as well as websites for most newspaper and magazine titles. The company’s other Australian assets include all of Fox Sports Australia, 50% ownership of subscription television provider Foxtel and shares in the Brisbane Broncos NRL team.

Until the formation of News Corporation in 1979, News Limited was the principal holding company for the business interests of Rupert Murdoch and his family. Since then, News Limited had been wholly possessed by News Corporation. In 2004, News Corporation announced its intention to reincorporate to the United States. On three November News Corp Limited ceased trading on the Australian Stock Exchange; and on eight November, News Corporation began trading on the Fresh York Stock Exchange. [Four] On twenty eight June 2013, News Corporation was split into two separate companies. Murdoch’s newspaper interests became News Corp, which was the fresh parent company of News Limited. [Five] News Limited was renamed News Corp Australia following the listing of the fresh News Corp on one July 2013. [6]

Contents

News Limited was established in one thousand nine hundred twenty three by James Edward Davidson, when he purchased the Violated Hill Barrier Miner and the Port Pirie Recorder. [7] He went on to purchase Adelaide’s weekly Mail [8] and to found The News, a daily newspaper in Adelaide, South Australia. Master Keith Murdoch acquired a minority interest in the company in 1949. [9] Following the death of his father, Master Keith, in 1952, Rupert Murdoch inherited The News, which has been described by Bruce Page [Ten] as the “foundation stone” of News Limited (and News Corporation).

Over the next few years, Murdoch step by step established himself as one of the most dynamic media proprietors in Australia, quickly expanding his holdings by acquiring a string of daily and suburban newspapers in most capital cities, including the Sydney afternoon paper, The Daily Mirror, as well as a petite Sydney-based recording company, Festival Records. His acquisition of the Mirror proved crucial to his success, permitting him to challenge the dominance of his two main rivals in the Sydney market, the Fairfax Newspapers group, which published the hugely profitable The Sydney Morning Herald, and the Consolidated Press group, wielded by Master Frank Packer, which published the city’s leading tabloid paper, The Daily Telegraph.

In 1964, News Limited made its next significant advance when it established The Australian, Australia’s very first national daily newspaper, based originally in Canberra and later in Sydney. The Australian, a broadsheet, gave News Limited a fresh respectability as a quality newspaper publisher, and also greater political influence since The Australian has always had an elite readership, if not always a large circulation. [ citation needed ]

Also in 1964, News Limited made Rupert Murdoch’s very first overseas newspaper investment – a 29.57 percent stake in the Wellington Publishing Company, subsequently part of Independent Newspapers Limited, INL, Fresh Zealand’s largest publishing group. The News Limited holding in INL fluctuated over the years and was just over forty nine percent in 1997. The INL business was bought by News Limited’s main rival in two thousand three – Fairfax Media.

In 1972, News Limited acquired The Daily Telegraph from Tormentor Frank Packer, making Murdoch one of the “big three” newspaper proprietors in Australia, along with Fairfax Media in Sydney and his father’s old Herald and Weekly Times Ltd in Melbourne. In the one thousand nine hundred seventy two elections, Murdoch swung his newspapers’ support behind Gough Whitlam and the left wing Australian Labor Party, but by one thousand nine hundred seventy five he had turned against Labor, and since then has almost always supported the rightist Liberal Party. [ citation needed ]

Over the next ten years, as his press empire grew, Murdoch established a hugely lucrative financial base, and these profits were routinely used to subsidise further acquisitions. In his early years of newspaper ownership Murdoch was an aggressive, micromanaging entrepreneur. [ citation needed ] His standard tactic was to buy loss-making Australian newspapers and turn them around by introducing radical management and editorial switches and fighting no-holds-barred circulation wars with his competitors. By the 1970s, this power base was so strong that Murdoch was able to acquire leading newspapers and magazines in both London and Fresh York, as well as many other media holdings.

To build up subscriptions for its fresh pay television business, News Ltd recruited rugby league football administrators, clubs and players to form a fresh competition, sparking the mid-1990s Super League war.

On twelve July 2006, News Limited announced the creation of a fresh division, News Digital Media to manage the operations of the news site news.com.au; the online marketplace sites, carsguide.com.au, truelocal.com.au and careerone.com.au as well as the partly possessed realestate.com.au, foxsports.com.au and related activities involving Foxtel and the company’s newspapers and the Australian versions of Fox Interactive Media sites Myspace and IGN. Chairman and chief executive of News Limited, John Hartigan, announced the appointment of Richard Freudenstein as chief executive of the division. [11]

Editorial conduct issues Edit

In the wake of the News International phone hacking scandal in the United Kingdom, in July two thousand eleven News Limited announced a review of all payments in the previous three years. [12] On twenty two July it was reported that two retired Victorian Supreme Court judges, Frank Vincent AO QC and Bernard Teague AO, were appointed to act as independent assessors of the conduct of the review and also assess the outcome. [13] The editorial and financial review concluded in early November and found no evidence of phone hacking or payments to public officials, [14] [15] with Vincent and Teague proclaiming that the review process did not bring “. to light any systemic issues with respect to the making of payments to third parties and any substantial amounts paid to individuals in respect of illegitimate activities.” [16]

Despite this the Australian division of News Corp has not entirely escaped scandal with allegations in two thousand twelve that News Corp subsidiary, News Datacom Systems (NDS) had used hackers to undermine pay TV rivals around the world, including Australia. Some of the victims of the alleged hacking, such as Austar were later taken over by News Corp and others such as Ondigital later went bust. NDS had originally been set up to provide security to News Corp’s pay TV interests but emails obtained by Fairfax Media exposed they had also pursued a broader agenda by distributing the keys to rival set top box operators and seeking to obtain phone records of suspected rivals. [17] The emails were from the hard drive of NDS European chief, Ray Adams. It was also exposed that Australian Federal police were working with UK police to investigate hacking by News Corp. [Legitimate]

Corporate switches Edit

On twenty eight June 2013, News Corporation split into two publicly traded companies focused on publishing, and broadcasting/media respectively. At this time News Limited was renamed News Corp Australia and became part of the publishing company, News Corp, with Wall Street Journal editor Robert Thomson substituting Rupert Murdoch as CEO. Murdoch remains a chairman and shareholder for both companies. [Nineteen]

On nine August two thousand thirteen it was announced that Julian Clarke would substitute Kim Williams as the CEO of News Corp Australia. Williams had substituted John Hartigan, who served as CEO inbetween two thousand and 2011, who had in turn succeeded Lachlan Murdoch. [20]

On nine June 2015, it was announced that Peter Tonagh would substitute Julian Clarke as the CEO of News Corp Australia with Michael Millar to be appointed to the role of Executive Chairman. [21] Peter Tonagh and Michael Millar’s very first day in their fresh roles was sixteen November two thousand fifteen [22]

Murdoch’s desire for superior cross-media ownership manifested in early one thousand nine hundred sixty one when he bought an ailing Australian record label, Festival Records, and within a few years it had become the leading local recording company. He also bought a television station in Wollongong, Fresh South Wales, hoping to use it to break into the Sydney television market, but found himself frustrated by Australia’s cross-media ownership laws, which prevented him from possessing both a major newspaper and television station in the same city. Since then he has consistently lobbied, both personally and through his papers, to have these laws switched in his favour. This occurred in two thousand six when the Liberal-National Coalition Government, having gained control of both houses of the Australian Parliament, introduced reforms to cross-media ownership and foreign media ownership laws. The laws came into effect in early 2007. [ citation needed ]

News Corp Australia has almost three-quarters of daily metropolitan newspaper circulation and so maintains superb influence in Australia. Internal News Corp Australia documents expose a brazen suggest during the two thousand one Federal election campaign to promote the policies of a major party in its best-selling newspapers nationwide for almost A$500,000. [23] Other documents include a marginal seats guide written by a senior business manager for internal use. It evidences a corporate strategy to target marginal seats at the two thousand four election. [24] Some of the documents appeared on Media Witness. [25]

Murdoch desired a way to influence politics in his native land. He witnessed a way to do that through the News Limited publication the Australian. [26] The national daily was used to support Murdoch’s political interests over time such as John McEwen with the National Party of Australia and Gough Whitlam with the Australian Labor Party. [27]

Britain Edit

Murdoch moved to Britain and rapidly became a major force there after his acquisitions of the News of the World, and The Sun in one thousand nine hundred sixty nine and The Times and The Sunday Times in 1981, which he bought from the Thomson family. Both takeovers further reinforced his growing reputation as a ruthless and cunning business operator. His takeover of The Times sexually aroused superb hostility among traditionalists, who feared he would take it “downmarket.” This led directly to the founding of The Independent in one thousand nine hundred eighty six as an alternative quality daily.

United States Edit

Murdoch made his very first acquisition in the United States in 1973, when he purchased the San Antonio News. Soon afterwards he founded the National Starlet, a supermarket tabloid, and in one thousand nine hundred seventy six he purchased the Fresh York Post. Subsequent acquisitions were undertaken through News Corporation.

Australia Edit

News Limited expanded its newspaper holdings in one thousand nine hundred eighty seven when it acquired The Herald and Weekly Times, which published two newspapers in Melbourne (in one thousand nine hundred ninety these papers would be combined to form the Herald Sun) as well as large stakes in several other newspaper publishers. News Limited went on to acquire the remaining shares of Brisbane’s Queensland Newspapers (holder of The Courier-Mail), Adelaide’s Advertiser Newspapers (holder of The Advertiser) and Hobart’s Davies Brothers (holder of The Mercury).

In 1991, News Limited spun off its longtime magazine house, Southdown Press, as Pacific Magazines and Printing, and sold the former Advertiser magazines, renamed Murdoch Magazines, to Matt Handbury. News Limited reentered the magazine market in two thousand with the begin of News Magazines. In 2006, News Limited returned to being a major player in the Australian magazine business with the purchase of Independent Print Media Group’s FPC Magazines (Delicious, Super Food Ideas, Vogue Australia). [28]

News Corp Australia operates one hundred seventy newspaper and magazine titles in Australia, including the following:

News Corp Australia

News Corp Australia

News Corp Australia (formerly News Limited) is one of Australia’s largest media companies, employing more than 8,000 staff nationwide and approximately Trio,000 journalists. The publicly listed company’s interests span newspaper and magazine publishing, Internet, subscription television, market research, DVD and film distribution, and film and television production trading assets. [1]

one thousand nine hundred twenty three ; ninety four years ago ( one thousand nine hundred twenty three )

DVD and film distribution

Film and television production

News Corp Australia wields approximately one hundred forty two daily, Sunday, weekly, bi-weekly and tri-weekly newspapers, of which three are free commuter titles and one hundred two are suburban publications (including sixteen in which News Corp Australia has a 50% interest). News Corp Australia publishes a nationally distributed newspaper in Australia, a metropolitan newspaper in each of the Australian cities of Sydney, Melbourne, Brisbane, Adelaide, Perth (Sundays only), Hobart and Darwin and groups of suburban newspapers in the suburbs of Sydney, Melbourne, Adelaide, Brisbane and Perth. The company publishes a further thirty magazine titles across Australia. [Two] According to the Finkelstein Review of Media and Media Regulation, in two thousand eleven News Corp Australia (then News Limited) accounted for 23% of the newspaper titles in Australia. [Trio]

With interests in digital media, the company’s sites include news.com.au, Business Spectator and Eureka Report, Kidspot.com.au, taste.com.au and homelife.com.au. It has 50% stakes in CareerOne.com.au and carsguide.com.au, a share in REA Group that operates www.realestate.com.au, as well as websites for most newspaper and magazine titles. The company’s other Australian assets include all of Fox Sports Australia, 50% ownership of subscription television provider Foxtel and shares in the Brisbane Broncos NRL team.

Until the formation of News Corporation in 1979, News Limited was the principal holding company for the business interests of Rupert Murdoch and his family. Since then, News Limited had been wholly possessed by News Corporation. In 2004, News Corporation announced its intention to reincorporate to the United States. On three November News Corp Limited ceased trading on the Australian Stock Exchange; and on eight November, News Corporation began trading on the Fresh York Stock Exchange. [Four] On twenty eight June 2013, News Corporation was split into two separate companies. Murdoch’s newspaper interests became News Corp, which was the fresh parent company of News Limited. [Five] News Limited was renamed News Corp Australia following the listing of the fresh News Corp on one July 2013. [6]

Contents

News Limited was established in one thousand nine hundred twenty three by James Edward Davidson, when he purchased the Violated Hill Barrier Miner and the Port Pirie Recorder. [7] He went on to purchase Adelaide’s weekly Mail [8] and to found The News, a daily newspaper in Adelaide, South Australia. Master Keith Murdoch acquired a minority interest in the company in 1949. [9] Following the death of his father, Tormentor Keith, in 1952, Rupert Murdoch inherited The News, which has been described by Bruce Page [Ten] as the “foundation stone” of News Limited (and News Corporation).

Over the next few years, Murdoch step by step established himself as one of the most dynamic media proprietors in Australia, quickly expanding his holdings by acquiring a string of daily and suburban newspapers in most capital cities, including the Sydney afternoon paper, The Daily Mirror, as well as a petite Sydney-based recording company, Festival Records. His acquisition of the Mirror proved crucial to his success, permitting him to challenge the dominance of his two main rivals in the Sydney market, the Fairfax Newspapers group, which published the hugely profitable The Sydney Morning Herald, and the Consolidated Press group, possessed by Master Frank Packer, which published the city’s leading tabloid paper, The Daily Telegraph.

In 1964, News Limited made its next significant advance when it established The Australian, Australia’s very first national daily newspaper, based primarily in Canberra and later in Sydney. The Australian, a broadsheet, gave News Limited a fresh respectability as a quality newspaper publisher, and also greater political influence since The Australian has always had an elite readership, if not always a large circulation. [ citation needed ]

Also in 1964, News Limited made Rupert Murdoch’s very first overseas newspaper investment – a 29.57 percent stake in the Wellington Publishing Company, subsequently part of Independent Newspapers Limited, INL, Fresh Zealand’s largest publishing group. The News Limited holding in INL fluctuated over the years and was just over forty nine percent in 1997. The INL business was bought by News Limited’s main rival in two thousand three – Fairfax Media.

In 1972, News Limited acquired The Daily Telegraph from Tormentor Frank Packer, making Murdoch one of the “big three” newspaper proprietors in Australia, along with Fairfax Media in Sydney and his father’s old Herald and Weekly Times Ltd in Melbourne. In the one thousand nine hundred seventy two elections, Murdoch swung his newspapers’ support behind Gough Whitlam and the left wing Australian Labor Party, but by one thousand nine hundred seventy five he had turned against Labor, and since then has almost always supported the rightist Liberal Party. [ citation needed ]

Over the next ten years, as his press empire grew, Murdoch established a hugely lucrative financial base, and these profits were routinely used to subsidise further acquisitions. In his early years of newspaper ownership Murdoch was an aggressive, micromanaging entrepreneur. [ citation needed ] His standard tactic was to buy loss-making Australian newspapers and turn them around by introducing radical management and editorial switches and fighting no-holds-barred circulation wars with his competitors. By the 1970s, this power base was so strong that Murdoch was able to acquire leading newspapers and magazines in both London and Fresh York, as well as many other media holdings.

To build up subscriptions for its fresh pay television business, News Ltd recruited rugby league football administrators, clubs and players to form a fresh competition, sparking the mid-1990s Super League war.

On twelve July 2006, News Limited announced the creation of a fresh division, News Digital Media to manage the operations of the news site news.com.au; the online marketplace sites, carsguide.com.au, truelocal.com.au and careerone.com.au as well as the partly possessed realestate.com.au, foxsports.com.au and related activities involving Foxtel and the company’s newspapers and the Australian versions of Fox Interactive Media sites Myspace and IGN. Chairman and chief executive of News Limited, John Hartigan, announced the appointment of Richard Freudenstein as chief executive of the division. [11]

Editorial conduct issues Edit

In the wake of the News International phone hacking scandal in the United Kingdom, in July two thousand eleven News Limited announced a review of all payments in the previous three years. [12] On twenty two July it was reported that two retired Victorian Supreme Court judges, Frank Vincent AO QC and Bernard Teague AO, were appointed to act as independent assessors of the conduct of the review and also assess the outcome. [13] The editorial and financial review concluded in early November and found no evidence of phone hacking or payments to public officials, [14] [15] with Vincent and Teague proclaiming that the review process did not bring “. to light any systemic issues with respect to the making of payments to third parties and any substantial amounts paid to individuals in respect of illegitimate activities.” [16]

Despite this the Australian division of News Corp has not entirely escaped scandal with allegations in two thousand twelve that News Corp subsidiary, News Datacom Systems (NDS) had used hackers to undermine pay TV rivals around the world, including Australia. Some of the victims of the alleged hacking, such as Austar were later taken over by News Corp and others such as Ondigital later went bust. NDS had originally been set up to provide security to News Corp’s pay TV interests but emails obtained by Fairfax Media exposed they had also pursued a broader agenda by distributing the keys to rival set top box operators and seeking to obtain phone records of suspected rivals. [17] The emails were from the hard drive of NDS European chief, Ray Adams. It was also exposed that Australian Federal police were working with UK police to investigate hacking by News Corp. [Legal]

Corporate switches Edit

On twenty eight June 2013, News Corporation split into two publicly traded companies focused on publishing, and broadcasting/media respectively. At this time News Limited was renamed News Corp Australia and became part of the publishing company, News Corp, with Wall Street Journal editor Robert Thomson substituting Rupert Murdoch as CEO. Murdoch remains a chairman and shareholder for both companies. [Nineteen]

On nine August two thousand thirteen it was announced that Julian Clarke would substitute Kim Williams as the CEO of News Corp Australia. Williams had substituted John Hartigan, who served as CEO inbetween two thousand and 2011, who had in turn succeeded Lachlan Murdoch. [20]

On nine June 2015, it was announced that Peter Tonagh would substitute Julian Clarke as the CEO of News Corp Australia with Michael Millar to be appointed to the role of Executive Chairman. [21] Peter Tonagh and Michael Millar’s very first day in their fresh roles was sixteen November two thousand fifteen [22]

Murdoch’s desire for superior cross-media ownership manifested in early one thousand nine hundred sixty one when he bought an ailing Australian record label, Festival Records, and within a few years it had become the leading local recording company. He also bought a television station in Wollongong, Fresh South Wales, hoping to use it to break into the Sydney television market, but found himself frustrated by Australia’s cross-media ownership laws, which prevented him from possessing both a major newspaper and television station in the same city. Since then he has consistently lobbied, both personally and through his papers, to have these laws switched in his favour. This occurred in two thousand six when the Liberal-National Coalition Government, having gained control of both houses of the Australian Parliament, introduced reforms to cross-media ownership and foreign media ownership laws. The laws came into effect in early 2007. [ citation needed ]

News Corp Australia has almost three-quarters of daily metropolitan newspaper circulation and so maintains excellent influence in Australia. Internal News Corp Australia documents expose a brazen suggest during the two thousand one Federal election campaign to promote the policies of a major party in its best-selling newspapers nationwide for almost A$500,000. [23] Other documents include a marginal seats guide written by a senior business manager for internal use. It evidences a corporate strategy to target marginal seats at the two thousand four election. [24] Some of the documents appeared on Media See. [25]

Murdoch wished a way to influence politics in his native land. He eyed a way to do that through the News Limited publication the Australian. [26] The national daily was used to support Murdoch’s political interests over time such as John McEwen with the National Party of Australia and Gough Whitlam with the Australian Labor Party. [27]

Britain Edit

Murdoch moved to Britain and rapidly became a major force there after his acquisitions of the News of the World, and The Sun in one thousand nine hundred sixty nine and The Times and The Sunday Times in 1981, which he bought from the Thomson family. Both takeovers further reinforced his growing reputation as a ruthless and cunning business operator. His takeover of The Times sexually aroused excellent hostility among traditionalists, who feared he would take it “downmarket.” This led directly to the founding of The Independent in one thousand nine hundred eighty six as an alternative quality daily.

United States Edit

Murdoch made his very first acquisition in the United States in 1973, when he purchased the San Antonio News. Soon afterwards he founded the National Starlet, a supermarket tabloid, and in one thousand nine hundred seventy six he purchased the Fresh York Post. Subsequent acquisitions were undertaken through News Corporation.

Australia Edit

News Limited expanded its newspaper holdings in one thousand nine hundred eighty seven when it acquired The Herald and Weekly Times, which published two newspapers in Melbourne (in one thousand nine hundred ninety these papers would be combined to form the Herald Sun) as well as large stakes in several other newspaper publishers. News Limited went on to acquire the remaining shares of Brisbane’s Queensland Newspapers (proprietor of The Courier-Mail), Adelaide’s Advertiser Newspapers (proprietor of The Advertiser) and Hobart’s Davies Brothers (proprietor of The Mercury).

In 1991, News Limited spun off its longtime magazine house, Southdown Press, as Pacific Magazines and Printing, and sold the former Advertiser magazines, renamed Murdoch Magazines, to Matt Handbury. News Limited reentered the magazine market in two thousand with the embark of News Magazines. In 2006, News Limited returned to being a major player in the Australian magazine business with the purchase of Independent Print Media Group’s FPC Magazines (Delicious, Super Food Ideas, Vogue Australia). [28]

News Corp Australia operates one hundred seventy newspaper and magazine titles in Australia, including the following:

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