News Corp is the second biggest media company as of 2011. The Conglomerate company owns many Newspapers such as The Sun, The New york Post and the Daily Telegraph. Fox is the biggest television station that News Corporation own. Fox Studios LA and 20th Century Fox are two of many studios that they own.It has a total assets as of June 30, 2011 of approximately $62 billion..News Corporation is a cross media conglomerate that provides 50,000 jobs for people all over the world.
News Corp History:
- Rupert Murdoch inherited his father's business in 1953.
- Cumberland Newspapers, the Sydney Daily and the Sunday Mirror were acquired in 1960. Four years later News Corp established the first Australian NewsPaper (The Australian).
- For the next ten years News Corp established and aquired more newspapers.
- In 1988 the Fox Broadcasting company begins.
- Due to dept in 1998 Rupert sells The News Guide and 18.6% of the Fox industry to the public.
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