The Sun was first published in 1964 to replace a failing newspaper. It is owned by Rupert Murdoch and endorses the Conservative party, though it backed Labour in 2005. The target audience is middle class and younger readers aged 15-44. Rupert Murdoch, an Australian-born media mogul, acquired numerous newspapers in Australia, New Zealand and the UK before owning over 800 companies worldwide. Current circulation of The Sun is over 1.5 million with nearly 8 million copies sold per day.