Friday, 19 September 2008

A history of the institution...how has it developed or changed

Timeline:
1930s
1931 (March 11) - Rupert Keith Murdoch is born in Australia. Father, Keith Murdoch, is an established newspaper man in the country
1935 - Century Pictures and Fox Film merge to form 20th Century-Fox

1950s
1952 - Murdoch inherits Adelaide News, an Australian mid-size daily, and the Adelaide Sunday Mail


1960s
1960 - - Murdoch's Australian newspaper holdings increase with the acquisition of Cumberland Newspapers, and Mirror Newspapers, Ltd., publishers of Sydney's Daily and Sunday Mirror
1964 - Murdoch launches The Australian as the first national newspaper
1969 - Murdoch takes over News of the World and launches London Sun


1970s
1972 - Murdoch purchases Sydney Daily Telegraph and Sunday Telegraph
1973 - Murdoch purchases his first newspaper in the U.S. - San Antonio Express and News
1974 - Enters the supermarket tabloid business by launching The National Star
1977 - Murdoch buys New York Post for $30 million from liberal socialite Dorothy Schiff. He continues his New York buying spree by purchasing New York magazine, Village Voice and New West from Clay Felker
1979 - Diversifies by acquiring Ansett Transport Industries which owns Melbourne TV station, Channel 10. Australia modifies media ownership laws to allow the deal. Critics call the move "The Murdoch Amendments"


1980s
1980 - News Corp. forms
1981 - Takes over Times and Sunday Times in London
1983 - Sky, the first satellite TV channel launches. News Corp. buys Chicago Sun Times for $90 million
1985 - Murdoch becomes United States citizen in order to purchase more American media outlets. Sells Village Voice. News Corp. buys TCF Holdings Inc., parent company of Twentieth Century Fox Film. In a related deal, News Corp. purchases seven television stations from Metromedia for $1.55 billion (WNEW-TV, New York; KTTV-TV, Los Angeles; WFLD-TV, Chicago; WTTG-TV, Washington, DC; KNBN-TV, Dallas; KRIV-TV, Houston, WFXT-TV in Boston. These stations reach 22% of all television households in the United States. These two deals help to form backbone of a new broadcast television network
1986 - Fox Broadcasting Company is established. News Corp. moves its UK newspaper printing operations to new plant in Wapping. A protracted labor strike ensues. Murdoch sells Chicago Sun-Times
1987 - News Corp. becomes world's largest newspaper publisher. News Corp. also purchases the South China Morning Post, UK newspaper Today and United States book publisher Harper and Row. Murdoch now controlled approximately sixty percent of Australian newspapers and thirty-five percent of UK newspapers
1989 - Harper Collins is formed after newly acquired William Collins Publishing is merged with Harper and Row. The Simpsons becomes Fox Network's first hit program. Satellite television provider Sky TV is launched.


1990s
1990 - - BSkyB is formed after Sky merges with British Satellite Broadcasting. Accumulation of large debts leads News Corp. down the road to bankruptcy.

Citibank, the company's prime lender, takes active role in saving News Corp.
1991 - News Corp. undergoes massive sell off to help lower corporate debt. The properties sold off include: New York, Seventeen, Soap Opera Digest, Soap Opera Weekly, Premiere, and Daily Racing Form
1992 - Buys broadcasting rights for the Premier League, an Australian rugby league, for $300 million
1993 - Gains controlling interest in Asian satellite television service, Star TV. Acquires the right to broadcast NFL games. The move shakes up American sports television as it leaves the NBC network without football coverage. Obtaining the NFL broadcasting rights costs over $1 billion but seen as a necessary investment to help promote fledging Fox Network. News Corp. reacquires New York Post
1997 - Acquires Los Angeles Dodgers and Dodgers stadium from the O'Malley family for $311 million


2000 - Present
2001 - Sells stake in Fox Family Network to Disney. Duopolies established in Los Angeles, Minneapolis, Washington D.C., and Houston
2002 - Duopolies established in Chicago and Orlando
2003 - Puts LA Dodgers up for sale. Spends $6.6 billion for stake in Hughes Electronic, the parent company of DirecTV
2004 - Los Angeles Dodgers sold to real estate developer Frank McCourt for $430

million.


info from : http://cjrarchives.org/_deprecate/newscorp-timeline.asp

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