News Corporation

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News Corporation

Image:News Corp.PNG
Type	Public (NYSE: NWS)
Founded	Adelaide, Australia (1980)
Location	incorporated in Wilmington, Delaware, headquartered in New York City
Key people	Rupert Murdoch, CEO Peter Chernin, COO David DeVoe, CFO
Industry	Mass media
Products	film and television production, television networks, satellite television, newspapers and magazines, book publishing, sports, websites
Revenue	Image:Green up.png USD $23.859 billion (Y.E. 30 June 2005)
Employees	38,000 (2004)
Website	www.newscorp.com

News Corporation (abbreviated to News Corp) NYSE: NWS is one of the world's largest media conglomerates. Its chief executive officer is Rupert Murdoch, one of the most influential and controversial media tycoons in the world.

News Corporation is a public company listed on the New York Stock Exchange and as a secondary listing on the London Stock Exchange LSE: NWS. Formerly incorporated in Adelaide, Australia, the company was re-incorporated in the US state of Delaware after a majority of shareholders approved the move on November 12, 2004. The company is still listed on the Australian Stock Exchange. Its headquarters are in New York City.

Revenue for the year ended 30 June 2005 was $23.859 billion. This does not include News Corporation's share of the revenue of businesses in which it owns a minority stake, which include two of its most important assets, DirecTV and BSkyB. Almost 70% of the company's sales come from its US businesses.

Contents 1 History 2 Shareholders 3 Corporate governance 4 Holdings 4.1 Books 4.2 Newspapers 4.3 Magazines 4.4 Music 4.5 Sports 4.6 Studios 4.7 TV 4.7.1 Broadcast 4.7.2 Satellite television 4.7.3 Cable 4.8 Internet 4.9 Other assets 5 External links

History

News Corporation was created by Rupert Murdoch, who inherited a newspaper in Adelaide, Australia from his father in the 1950s. Since then he has steadily expanded his interests, moving first into the United Kingdom and then into the United States, and steadily broadening the range of media in which the company operates. There is an extensive history of News Corporation in the Rupert Murdoch article.

Shareholders

As of August 2005 the Murdoch family owns about 29% of the company. Nearly all of these shares are voting shares, and Rupert Murdoch retains effective control of the company. Nonetheless John Malone of Liberty Media has built up a larger stake of 32%, but only around half of these shares are voting shares. However, Rupert Murdoch is reported to be concerned that he may lose control of the business, and to have prepared a poison pill defence.
Source.

Corporate governance

Current members of the board of directors of News Corporation are: Peter Barnes, Chase Carey, Peter Chernin, Kenneth Cowley, David DeVoe, Viet Dinh, Rod Eddington, Andrew Knight, Lachlan Murdoch, Rupert Murdoch (chairman), Thomas Perkins, Stanley Shuman, Arthur Siskind, and John Thornton.

Holdings

Books

• HarperCollins book publishing company
• ReganBooks
• Zondervan Christian book Publisher.

Newspapers

• Australia
  • The Australian (Nationwide)
  • The Weekend Australian (Nationwide)
  • The Courier-Mail (Queensland)
  • The Sunday Mail (Queensland)
  • The Cairns Post (Cairns, Queensland)
  • The Gold Coast Bulletin (Gold Coast, Queensland)
  • The Townsville Bulletin (Townsville, Queensland)
  • The Daily Telegraph (New South Wales)
  • The Sunday Telegraph (New South Wales)
  • The Herald Sun (Victoria)
  • The Sunday Herald Sun (Victoria)
  • The Weekly Times (Victoria)
  • MX (Melbourne CBD)
  • The Geelong Advertiser (Geelong, Victoria)
  • The Advertiser (South Australia)
  • The Sunday Mail (South Australia)
  • The Sunday Times (Western Australia)
  • The Mercury (Tasmania)
  • The Sunday Tasmanian (Tasmania)
  • Northern Territory News (Northern Territory)
  • The Sunday Territorian (Northern Territory)

• Fiji
  • Fiji Times (National)

• Papua New Guinea
  • Papua New Guinea Post-Courier (National)

• UK newspapers, published by News International Ltd.
  • News Group Newspapers Ltd.
    • the tabloid The Sun
    • the tabloid News of the World
  • Times Newspapers Ltd.
    • the broadsheet The Sunday Times
    • the 'ex-broadsheet' (Now in compact form) The Times
    • the broadsheet The Times Educational Supplement
    • the broadsheet The Times Literary Supplement
• US newspapers and magazines
  • the tabloid New York Post

Magazines

• InsideOut
• SmartSource
• TV Guide, via partial ownership of Gemstar-TV Guide
• Weekly Standard

Music

• Festival Mushroom Records

Sports

• 50% of National Rugby League (Australia and New Zealand)
• majority ownership of the Brisbane Broncos, Melbourne Storm and North Queensland Cowboys rugby league teams.
• 20% each of the New York Knicks and the New York Rangers
• 40% of Staples Center
• 9.8% of the Los Angeles Lakers

Studios

• 20th Century Fox film production company
• Fox Searchlight
• Fox Television Studios
• Fox Studios Australia, Sydney, New South Wales
• Fox Studios Baja, Rosarito, Baja California

TV

Broadcast

• Fox Broadcasting Company a US-wide broadcast television network
• Fox Television Stations Group

Satellite television

• BSkyB, United Kingdom (36.8% holding).
• DirecTV Group, North and South America (33.9% holding)
  • DirecTV, the largest U.S. satellite TV provider
  • DirectTV Latin America
  • Hughes Network Systems
    • DirecWay, satellite Internet service provider
• Foxtel, Australia (25% holding)
• Sky Italia, Italian satellite TV service
• Star TV, an Asian satellite TV service
• Sky Latin America Brazil and Mexico counterpart to DirecTV Latin America

Cable

• Fox Movie Channel, an all-movie channel that airs commercial-free movies from 20th Century Fox film library
• Fox News Channel, a 24-hour news channel
• Fox Sports Net, a chain of US regional cable television networks broadcasting local sporting events linked together by national sports news programming. Local channels include "Fox Sports Southwest", "Fox Sports Bay Area", etc.
• Fox Soccer Channel, a United States digital cable network specializing mainly in soccer.
• Fox Sports en Español, a Spanish-language North American cable sports network; its sports lineup is tailored to appeal to a Latin American audience.
• Fox Sports en Latinoamérica, a Mexico-based Latin American satellite and cable sports network.
• Foxtel (25%), Australia's largest satellite and cable pay TV provider, a joint venture with Telstra and Publishing and Broadcasting Limited
• FX Networks, a cable network broadcasting reruns of programming previously shown on other channels, but recently creating its own programming, including the Emmy Award-winning program The Shield.
• National Geographic Channel
• SPEED Channel

Internet

• MySpace - Social networking website
• IGN Entertainment - Internet entertainment portal
• News.com.au - Australian-oriented news website

Other assets

• (NDS) - Conditional access technology and personal digital video recorders (PVRs)

External links

• News Corporation official site
• Ketupa - News Corporation profile with history and holdings