News Corporation in the context of "Myspace"

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⭐ Core Definition: News Corporation

The original incarnation of News Corporation (abbreviated News Corp. and also variously known as News Corporation Limited) was an American multinational mass media corporation founded and controlled by media mogul Rupert Murdoch. Founded on March 15, 1980 as News Corp Limited and formerly incorporated in Adelaide, South Australia, the company was re-incorporated under Delaware General Corporation Law following a successful shareholder vote on November 12, 2004; it had since been headquartered at 1211 Avenue of the Americas in New York City.

On June 28, 2012, after concerns from shareholders in response to its recent controversies and to "unlock even greater long-term shareholder value", Rupert Murdoch announced that News Corporation's assets would be restructured into two publicly traded companies, one oriented towards media, and the other towards publishing. The formal split was completed on June 28, 2013; the original News Corp. was renamed 21st Century Fox and consisted primarily of media outlets, while the second News Corporation was formed to take on the publishing and Australian broadcasting assets.

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News Corporation in the context of Fox Corporation

Fox Corporation (commonly referred to as Fox Corp or simply Fox) is an American multinational mass media company headquartered at 1211 Avenue of the Americas in Midtown Manhattan and incorporated in Reno, Nevada, with offices also in Burbank, California. Named after William Fox and incorporated in Delaware, it was formed as a spin-off of 21st Century Fox's television broadcasting, news, and sports assets on March 19, 2019. 21CF went defunct the next day. The company is controlled by Lachlan Murdoch through a family trust with 36% voting shares. Rupert Murdoch is chairman emeritus, while his son Lachlan Murdoch is chairman and CEO.

Fox Corp deals primarily in the television broadcast, news, and sports broadcasting industries. Its assets include Fox Broadcasting Company, Fox Television Stations, Fox News, Fox Business, Fox Sports, Tubi, Fox One and others. Murdoch's newspaper interests and other media assets are held by News Corp, which is also under his control and was split from News Corporation in 2013, alongside 21CF. On September 21, 2023, Rupert Murdoch announced that he was retiring as the chairman of Fox Corp, effective November 2023.

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News Corporation in the context of News Corp (2013–present)

The second and current incarnation of News Corporation, doing business as News Corp, is an American mass media and publishing company headquartered at 1211 Avenue of the Americas in Midtown Manhattan, New York City. The company was formed on June 28, 2013, as a spin-off of the first News Corporation, whose legal successor was 21st Century Fox, which held its media and entertainment assets. Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include: Dow Jones & Company, which is the publisher of The Wall Street Journal; News UK, publisher of The Sun and The Times; News Corp Australia; REA Group, operator of realestate.com.au and realtor.com; and book publisher HarperCollins.

News Corp and 21st Century Fox are two companies that succeeded the original News Corp., which included Fox Entertainment Group and other broadcasting and media properties. The spin-out was structured so that 21st Century Fox was the legal continuation of the original News Corporation, with the new News Corp being a new company formed by a stock split. Since March 2019, Fox Corporation, which holds 21st Century Fox's national broadcasting, news and sports assets, is also under the Murdoch family's control. In September 2023, Rupert Murdoch announced he would step down as News Corp's chairman by November.

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News Corporation in the context of 21st Century Fox

Twenty-First Century Fox, Inc., which did business as 21st Century Fox, was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was formed on June 28, 2013, as the legal successor to News Corporation, while the second News Corporation was formed the same day as a spin-off. 21st Century Fox was the legal successor to News Corporation dealing primarily in the film and television industries. It was the United States' fourth-largest media conglomerate by revenue, up until its acquisition by the Walt Disney Company in 2019. The second News Corporation, which is doing business as News Corp, was spun off from the first News Corporation and holds Rupert Murdoch's print interests and other media assets in Australia (both owned by him and his family via a family trust with 39% interest in each). Murdoch was co-executive chairman, while his sons Lachlan Murdoch and James Murdoch were co-executive chairman and CEO, respectively.

21st Century Fox's assets included the Fox Entertainment Group—owners of the 20th Century Fox film studio (the company's partial namesake), the Fox television network, and a 73% stake in National Geographic Partners—the commercial media arm of the National Geographic Society, among other assets. It also had significant foreign operations, including the prominent Indian television channel operator Star India. The company ranked No. 109 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

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News Corporation in the context of Hulu

Hulu (/ˈhl/, HOO-loo) is an American subscription streaming media service owned by Disney Streaming, a subsidiary of the Disney Entertainment segment of the Walt Disney Company. It is one of the most-subscribed video on demand streaming media services, with 64.1 million paid memberships. Its headquarters are located in Los Angeles, California, with offices in Santa Monica, California (the former West Coast bureau for HBO), New York City, and Seattle, Washington. Hulu was launched on October 29, 2007, initially as a joint venture between News Corporation and NBC Universal; Providence Equity, Disney, and Time Warner later made investments in the service.

Hulu originally served as an aggregator, streaming recent episodes of programs from the companies' television networks (including ABC, NBC, and Fox). In 2010, Hulu launched a subscription service, initially branded as "Hulu Plus," which featured full seasons of programs from the companies and other partners, and access to new episodes immediately after their airing. In 2016, Hulu syndicated its free library to Yahoo in order to focus exclusively on Hulu Plus. In 2017, the company launched "Hulu + Live TV"—a superset of Hulu Plus also offering access to broadcast and cable television channels.

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News Corporation in the context of Rupert Murdoch

Keith Rupert Murdoch (/ˈmɜːrdɒk/ MUR-dok; born 11 March 1931) is an Australian and American former business magnate, investor, and media mogul. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including in the United Kingdom (The Sun and The Times), in Australia (The Daily Telegraph, Herald Sun, and The Australian), in the United States (The Wall Street Journal and the New York Post), book publisher HarperCollins, and the television broadcasting channels Sky News Australia and Fox News (through Fox Corporation). He was also the owner of Sky (until 2018), 21st Century Fox (until 2019), and the now-defunct News of the World. With a net worth of US$21.7 billion as of 2 March 2022, Murdoch is the 31st richest person in the United States and the 71st richest in the world according to Forbes magazine. Due to his extensive wealth and influence over media and politics, Murdoch has been described as an oligarch.

After his father Keith Murdoch died in 1952, Murdoch took over the running of The News, a small Adelaide newspaper owned by his father. In the 1950s and 1960s, Murdoch acquired a number of newspapers in Australia and New Zealand before expanding into the United Kingdom in 1969, taking over the News of the World, followed closely by The Sun. In 1974, Murdoch moved to New York City, to expand into the American market; however, he retained interests in Australia and the United Kingdom. In 1981, Murdoch bought The Times, his first British broadsheet, and, in 1985, became a naturalized American citizen, giving up his Australian citizenship, to satisfy the legal requirement for American television network ownership. In 1986, keen to adopt newer electronic publishing technologies, Murdoch consolidated his British printing operations in London, causing bitter industrial disputes. His holding company News Corporation acquired Twentieth Century Fox (1985), HarperCollins (1989), and The Wall Street Journal (2007). Murdoch formed the British broadcaster BSkyB in 1990 and, during the 1990s, expanded into Asian networks and South American television. By 2000, Murdoch's News Corporation owned more than 800 companies in more than 50 countries, with a net worth of more than $5 billion.

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News Corporation in the context of Fox Broadcasting Company

Fox Broadcasting Company, LLC (commonly known as Fox; stylized in all caps) is an American commercial broadcast television network serving as the flagship namesake property of Fox Corporation and operated through Fox Entertainment. Fox is based at Fox Corporation's corporate headquarters at 1211 Avenue of the Americas in Midtown Manhattan, New York City, and it hosts additional offices at the Fox Network Center in Los Angeles and at the Fox Media Center in Tempe, Arizona. The channel was launched by News Corporation on October 9, 1986 as a competitor to the Big Three television networks, which are the American Broadcasting Company (ABC), the Columbia Broadcasting System (CBS), and the National Broadcasting Company (NBC).

Fox has gone on to become the most successful attempt at a fourth television network; it was also the highest-rated free-to-air network in the 18–49 demographic from 2004 to 2012 and 2020 to 2021 and was the most-watched American television network in total viewership during the 2007–08 season. It is a member of the North American Broadcasters Association and the National Association of Broadcasters. Unlike other major commercial broadcast networks, Fox does not have a newscast of its own due to its lack of a news division, and instead relies on its own 24-hour news channels, Fox News, Fox Business Network, and Fox Weather to supply news programming for the network.

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News Corporation in the context of Fox Entertainment Group

The Fox Entertainment Group (FEG) was an American entertainment company specialized in filmed entertainment owned by 21st Century Fox. Following the acquisition of 21st Century Fox by Disney, the group's assets were dispersed to various Disney units. The film studios 20th Century Fox (now known as 20th Century Studios), Fox Searchlight Pictures (now known as Searchlight Pictures) and Fox 2000 Pictures were transferred to Walt Disney Studios, while Fox Star Studios (now known as Star Studios) was transferred to Disney India.

Its former owner, 21st Century Fox, previously known as News Corporation, had acquired all the stock of Fox Entertainment Group in 2005. In 2013, News Corporation was renamed 21st Century Fox, and its publishing assets were spun off into the newly formed News Corp as part of a corporate reorganization.

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News Corporation in the context of FX (TV channel)

FX (originally/formerly Fox Extended) is an American pay television channel owned by FX Networks, a division of the Disney Entertainment business segment of the Walt Disney Company. Based at the Fox Studios lot in Century City, Los Angeles, FX was originally launched by the first-incarnation News Corporation on June 1, 1994, and later became one of the properties that was included in Disney's acquisition of one of News Corporation's successor companies, 21st Century Fox, in 2019. The channel's original programming aspires to the standards of premium cable channels in regard to mature themes and content, high-quality writing, directing and acting. Sister channels FXM and FXX were launched in 1994 and 2013, respectively. FX also carries reruns of theatrical films and terrestrial-network sitcoms. Advertising-free content was available through the FX+ premium subscription service until it was shut down on August 21, 2019, after which ad free content moved to Hulu with no ads.

As of November 2023, FX is available to approximately 71 million pay television households in the United States - down from its 2011 peak of 99 million households. In addition to the flagship U.S. network, the "FX" name is licensed to a number of related pay television channels in various countries around the world.

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