News Corporation is a multinational mass media company founded by Rupert Murdoch in 1979. It owns various media assets across newspapers, television, and film [1]. Ownership refers to who controls a media organization, like an individual or government. Funding is how organizations obtain money, such as through subscription fees. Rupert Murdoch is the founder and former CEO of News Corporation, which was split into two companies in 2013 with publishing and Australian media assets in New News Corp and broadcasting assets in 21st Century Fox [2]. News Corp owns diverse businesses across various industries like newspapers, magazines, and real estate [3].
Application of Matrices in real life. Presentation on application of matrices
get into grips with industry (unit 8 task 1a)
1. Know about ownership and
funding in the television and
film industries
JAI SUNNER
2. Introduction (News Corporation)
News Corporation (officially referred to as New News Corp; trading as
News Corp) is an American multinational mass media company, formed as
a spin-off of the former News Corporation (as founded by Rupert Murdoch
in 1979) focusing on newspapers and publishing.
In this presentation I will be talking to you about News Corporation and
explain the key assets, different businesses owned by news corp and cross
media ownership.
3. Ownership and Funding
Ownership within TV and Film industries is an individual or a group who
owns and controls a media organisation. An example of this would be
Public Service Broadcasting.
Public Service Broadcasting companies are owned by the local
government and they are funded by the public through TV license fees. For
example the BBC is funded by the public paying their TV license every year
which is £145.50
In terms of the TV and film industry, funding is how a company or an
organisation is paid for; an example of this would be the big boxing pay
per views like Mayweather vs Pacquiao as viewers had to subscribe to the
channel to watch it.
4. The Chairman and Chief Executive’s
Role
Rupert Murdoch is the founder and head of News Corporation, a global
media conglomerate. He created FOX Broadcasting Company in 1986.
Murdoch was previously Chairman and CEO of News Corporation prior to
the company’s separation into two distinct, publicly traded companies in
2013.
5. News Corporation- Funding
The new News Corp's first quarterly financial report since being spun off as
a publishing group produced a net profit of $38 million.
News Corp take three quarters of their revenue from the newspapers they
sell.
Murdoch gets over half of its revenue from outside the US, this shows that
the newspapers that sell around the world for example in UK and Australia
make the most money.
6. Rupert Murdoch
In 1954, Mr. Murdoch took control of News Limited, an Australian-based
public corporation whose only key asset at the time was a majority interest
in the number-two daily newspaper in Adelaide, South Australia.
Since then Mr. Murdoch oversaw the development of News Corporation
into the most international of media businesses in the world at this minute.
7. Robert Thompson (chief executive)
Robert Thomson also named as ‘Rupert Murdoch Best Friend’ is an
Australian journalist and the Chief Executive of News Corp, a role he
assumed in January 2013. He is the former managing editor of the Wall
Street Journal, which is a post he held since May 2008.
He is former editor of The Times newspaper in London.
He became Chief Executive in the year 2013.
8. Cross Media Ownership
Media cross-ownership is the ownership of multiple media businesses by
a person or corporation. These businesses can include broadcast and cable
television, films, radios etc.
News Corporation was split into two separate companies on June 28, 2013,
with publishing assets and Australian media assets going to New News
Corp, and broadcasting and media assets going to 21st Century Fox. Both
companies remain under the control of Rupert Murdoch.
9. Different Businesses Owned By News
Corp
Above are the different assets owned by news corp, they are also in link with other companies such as ‘News
America Marketing and Move’.
News Corp own different types of media platforms for example News Americas Marketing is a marketing
business which publishes ‘SMART’ source magazines which offers promotions and coupons delivered in the
United States.
Comparing this to the company ‘MOVE’ is a completely different platform as this is a real estate agent
business which provides buyers, sellers and renters of homes with the information, tools and professional
knowledge they need to discover and create their homes. This shows that they have different links in
different types of business industries.
10. Examples of Key Assets
(THE SUN)
Murdoch's News Corp owns various different businesses, a lot that are
famous worldwide. THE SUN is an example of one newspaper that is highly
populated in the UK.
The Sun had the largest circulation of any daily newspaper in the United
Kingdom, but in late 2013 slipped to second largest Saturday newspaper
behind the Daily Mail, It had an average daily circulation of 2.2 million
copies in March 2014.
11. Examples of Key Assets
(NEW YORK POST)
The New York Post is an American daily newspaper, primarily distributed in
New York City and its surrounding area. It is the 13th-oldest and seventh
most widely circulated newspaper in the United States.
Established in 1801
In 1976, Rupert Murdoch bought the post for US$30.5 million
Since 1993, the Post has been owned by News Corporation and its
successor, News Corp, which had owned it previously from 1976 to 1988.
Editor's Notes
News Corporation is an American multinational mass media company, which was founded by Rupert Murdoch in 1979, focusing on newspapers and publishing.
In this presentation I will be talking to you about News Corp and explain the key assets, the different business owned by news corp and cross media ownership
Ownership and Funding – ownership within TV and film industries is an individual or a group who owns and controls a media organisation. An example of this would be Public Service Broadcasting.
Public Service Broadcasting companies are funded by the public through TV license fees. For example the BBC is funded by the public paying their TV license every year which is £145.50
The Chairman and Chief Executives Role – Rupert Murdoch is the founder and head of News Corporation. He created FOX Broadcasting Company In 1986. Murdoch was previously the Chairman and CEO of News Corporation before the companies separation into two different publicly traded companies.
The new News Corp's first quarterly financial report since being spun off as a publishing group produced a net profit of $38 million.
Murdoch gets over half of its revenue from outside the US, this shows that the newspapers that sell around the world for example in UK and Australia make the most money.
In 1954, Mr. Murdoch took control of News Limited, an Australian-based public corporation whose only key asset at the time was a majority interest in the number-two daily newspaper in Adelaide, South Australia.
Robert Thomson is an Australian journalist and the Chief Executive of News Corp. He is the former managing editor of the Wall Street Journal, which is a post he held since May 2008.
He is the former Editor of The Times Newspaper in London.
In 2013 Mr Thomson became Chief Executive
Cross Media Ownership is the ownership of multiple media businesses by a person or corporation. These businesses can include broadcast and cable television, films radios etc.
News Corporation was split into two separate companies on June 28, 2013, this led Publishing assets and Australian media assets going to the New News Corp and the broadcasting and media assets going to 21st Century Fox.
Both Companies remain under the control of Rupert Murdoch.
News Corp own different types of media platforms for example News Americas Marketing is a marketing business which publishes ‘SMART’ source magazines which offers promotions and coupons delivered in the United States.
Comparing this to the company ‘MOVE’ is a completely different platform as this is a real estate agent business which provides buyers, sellers and renters of homes with the information, tools and professional knowledge they need to discover and create their homes. This shows that they have different links in different types of business industries.
Murdoch's News Corp owns various different businesses, a lot that are famous worldwide.
THE SUN is an example of one newspaper that is highly populated in the UK.
It had the largest circulation of any daily newspaper in the United Kingdom with an average daily circulation of 2.2 million copies in March 2014.
The New York Post is an American daily newspaper, Established in 1801 in New York City and its surrounding area.
It is the 13th-oldest and seventh most widely circulated newspaper in the United States.
Murdoch bought the post in 1976 for $30.5 million
Since then the post has been owned by News Corp and has been very successful ever since.