Editing News Corporation (section)

==History==
News Corp was established in 1980 by [[Rupert Murdoch]] as a [[holding company]] for [[News Corp Australia#History|News Limited]]. News Limited was founded in 1923 in [[Adelaide]] by [[James Edward Davidson]], funded by the Collins House mining empire for the purpose of publishing anti-union propaganda;<ref>{{cite web |last1=Young |first1=Sally |title=The secret history of News Corp: a media empire built on spreading propaganda |url=https://theconversation.com/the-secret-history-of-news-corp-a-media-empire-built-on-spreading-propaganda-116992 |website=The Conversation |date=May 15, 2019 |access-date=31 January 2021}}</ref><ref>{{cite web |last1=Merrett |first1=D.T. |title=Collins House |url=https://www.emelbourne.net.au/biogs/EM00380b.htm |website=eMelbourne |publisher=School of Historical & Philosophical Studies, [[University of Melbourne]]|access-date=31 January 2021}}</ref> subsequently the controlling interest was bought by the [[Herald & Weekly Times]]. In 1949, [[Keith Murdoch]] took control of Adelaide's afternoon tabloid ''The News''. When he died in 1952, his son Rupert inherited a controlling interest in ''[[The News (Adelaide)|The News]]''. News Limited operates today as News Corporation's Australian brand and includes ownership of ''[[The Australian]],'' operating out of [[Surry Hills]], in [[Sydney]].

===Expansion into the United States===
News Ltd. made its first acquisition in the United States in 1973, when it purchased the ''[[San Antonio Express-News|San Antonio Express and News]]'' (the two papers merged in 1984).<ref>{{Cite web|last1=July 29|first1=Julie Domel on|last2=PM|first2=2011 at 3:38|date=2011-07-29|title=Rupert Murdoch's 1973 purchase of E-N|url=https://blog.mysanantonio.com/vault/2011/07/rupert-murdochs-1973-purchase-of-e-n/|access-date=2021-04-07|website=From the Vault|publisher=MySA/San Antonio Express-News|language=en-US|archive-date=July 14, 2021|archive-url=https://web.archive.org/web/20210714152746/https://blog.mysanantonio.com/vault/2011/07/rupert-murdochs-1973-purchase-of-e-n/|url-status=dead}}</ref> Soon afterwards it founded the ''[[Star (magazine)|National Star]]'', a [[supermarket tabloid]], and in 1976 it purchased the ''[[New York Post]]'' from [[Dorothy Schiff]] for $31 million.<ref>{{cite news|url=https://www.nytimes.com/1976/11/20/archives/new-jersey-pages-dorothy-schiff-agrees-to-sell-post-to-murdoch.html|title=Dorothy Schiff Agrees to Sell Post To Murdoch, Australian Publisher|newspaper=The New York Times|date=November 20, 1976|accessdate=December 8, 2022}}</ref>

In 1984, News Corp acquired the ''[[Chicago Sun-Times]]'' from [[Field Enterprises]] (later sold in 1986 to the [[Sun-Times Media Group|American Publishing Company]] subsidiary of Canada-based [[Hollinger Inc|Hollinger]]) for $90 million and  ''Travel Weekly'' and other trade magazines from [[Ziff Davis]].<ref>{{cite news|url=https://www.nytimes.com/1983/11/02/business/murdoch-buys-chicago-sun-times.html|title=MURDOCH BUYS CHICAGO SUN-TIMES|newspaper=The New York Times|date=November 2, 1983|accessdate=December 13, 2022}}</ref><ref>{{cite news| issn = 0362-4331| last = Wayne| first = Leslie| title = Murdoch Buys 12 Ziff Publication| work = The New York Times| access-date = July 21, 2018| date = November 22, 1984| url = https://www.nytimes.com/1984/11/22/business/murdoch-buys-12-ziff-publication.html}}</ref> In March 1985, News Corp bought a 50% stake in TCF Holdings, the holding company of the movie studio [[20th Century Fox]] from Marc Rich for $162 million, and later acquired the remaining stake from [[Marvin Davis]] in September for $325 million.<ref>{{cite news|last=Stevenson|first=Richard W.|url=https://www.nytimes.com/1985/03/21/business/murdoch-is-buying-50-of-fox.html|title=MURDOCH IS BUYING 50% OF FOX
|newspaper=The New York Times|date=March 21, 1985|accessdate=December 13, 2022}}</ref><ref>{{cite news|last=Schrage|first=Michael|url=https://www.washingtonpost.com/archive/business/1985/03/21/murdoch-agrees-to-buy-a-50-percent-share-of-20th-century-fox-film/8862819b-50de-4ad3-aeb5-70ca84f109f1|title=Murdoch Agrees to Buy A 50 Percent Share of 20th Century Fox Film|newspaper=[[Washington Post]]|date=March 21, 1985|accessdate=December 13, 2022}}</ref><ref>{{cite news|last=Storch|first=Charles|url=https://www.chicagotribune.com/news/ct-xpm-1985-03-21-8501160118-story.html|title=MURDOCH BUYING HALF OF 20TH CENTURY-FOX|newspaper=[[Chicago Tribune]]|date=March 21, 1985|accessdate=December 13, 2022}}</ref><ref>{{cite news|url=https://www.washingtonpost.com/archive/business/1985/09/24/murdoch-to-buy-davis-20th-century-fox-share/0f1a6778-8fd7-48dd-9e32-4d9e3539d903/|title=Murdoch to Buy Davis' 20th Century-Fox Share|newspaper=The Washington Post|date=September 24, 1985|accessdate=December 14, 2022}}</ref><ref>{{cite news|url=https://www.nytimes.com/1985/09/24/business/murdoch-will-buy-out-davis-s-holdings-in-fox.html|title=MURDOCH WILL BUY OUT DAVIS'S HOLDINGS IN FOX|newspaper=The New York Times|date=September 24, 1985|accessdate=December 14, 2022}}</ref><ref>{{cite news|url=https://www.latimes.com/archives/la-xpm-1985-09-24-fi-18712-story.html|title=Davis Sells Murdoch His 20th Century Fox Stake for $325 Million|newspaper=[[Los Angeles Times]]|date=September 24, 1985|accessdate=December 14, 2022}}</ref>

Two months after the acquisition of the 50% stake in TCF Holdings, on May 6, 1985, News Corp announced it was buying the [[Metromedia]] television stations and its syndication arm Metromedia Producers Corporation from [[John Kluge]] for $3.5 billion, setting the stage for the launch of a fourth U.S. [[commercial broadcasting]] television network.<ref>{{cite news|url=https://www.nytimes.com/1985/05/07/business/murdoch-to-buy-tv-stations-cost-2-billion.html|title=MURDOCH TO BUY & TV STATIONS; COST $2 BILLION|newspaper=The New York Times|date=May 7, 1985|accessdate=December 14, 2022}}</ref><ref>{{Cite episode |title=Rupert Murdoch buys Metromedia |series=The 10 O'Clock News |url=https://www.youtube.com/watch?v=4IgwfnUG3cM&t=19s  |archive-url=https://ghostarchive.org/varchive/youtube/20211212/4IgwfnUG3cM| archive-date=December 12, 2021 |url-status=live|access-date=December 14, 2022 |station=WNEW-TV |location=New York City |date=May 4, 1985 |minutes=00:00 |language=en|via=YouTube}}{{cbignore}}</ref>  On September 4, 1985, Murdoch became a [[naturalized citizen]] to satisfy the legal requirement that only United States citizens could own American television stations.<ref>{{cite news|url=https://www.latimes.com/archives/la-xpm-1985-09-04-mn-23112-story.html|title=Murdoch Becomes U.S. Citizen, Can Buy TV Network|newspaper=Los Angeles Times|date=September 4, 1985|accessdate=December 14, 2022}}</ref> In 1986, the Metromedia deal was completed, and the [[Fox Broadcasting Company]], simply known as Fox,  launched on October 9, with [[Joan Rivers]]' ''[[The Late Show (1986 talk show)|The Late Show]]'' as its late-night program, it would later  air prime-time programming  starting in April 1987.

===Expansion and consolidation===
In 1986 and 1987, News Corp (through subsidiary [[News UK|News International]]) moved to adjust the production process of its British newspapers, over which the printing unions had long dominated.<ref name=time>[https://web.archive.org/web/20070930055858/http://www.time.com/time/magazine/article/0,9171,960821-2,00.html Revolution on Fleet Street], ''[[Time (magazine)|Time]]'', August 21, 1996.</ref> A number of senior Australian media moguls were brought into Murdoch's powerhouse, including John Dux, who was managing director of the ''[[South China Morning Post]]''. This led to a confrontation with the printing unions [[National Graphical Association]] and [[Society of Graphical and Allied Trades]]. The move of News International's London operation to [[Wapping]] in the [[London East End|East End]] resulted in nightly battles outside the new plant. Delivery vans and depots were frequently and violently attacked.<ref name=time/> Ultimately the unions capitulated.{{Citation needed|date=May 2013}}

In 1987, News Corp acquired  the book publisher [[Harper (publisher)|Harper and Row]] for $300 million,<ref>{{cite news|last=McDowell|first=Edwin|url=https://www.nytimes.com/1987/03/31/business/murdoch-to-buy-harper-row-in-surprise-deal.html|title=MURDOCH TO BUY HARPER & ROW IN SURPRISE DEAL|newspaper=The New York Times|date=March 31, 1987|accessdate=December 8, 2022}}</ref><ref>{{cite news|url=https://www.latimes.com/archives/la-xpm-1987-03-31-fi-1385-story.html|title=Murdoch to Buy Harper & Row for $300 Million|newspaper=Los Angeles Times|date=March 31, 1987|accessdate=December 8, 2022}}</ref> and later acquired the British book publisher [[William Collins, Sons]] in 1989 for $721 million, who later merged with Harper to form [[HarperCollins]] that same year.<ref>{{cite news|url=https://www.latimes.com/archives/la-xpm-1989-01-07-fi-259-story.html|title=Murdoch Takes Over Collins For $721 Million|newspaper=Los Angeles Times|date=January 7, 1989|accessdate=December 8, 2022}}</ref><ref>{{cite news|url=https://www.upi.com/Archives/1989/01/06/Murdoch-wins-takeover-for-Collins-publishers/6975600066000
|title=Murdoch wins takeover for Collins publishers|work=[[United Press International]]|date=January 6, 1989|accessdate=December 8, 2022}}</ref><ref>{{cite news|last=Cohen|first=Roger|url=https://www.nytimes.com/1990/06/11/business/the-media-business-birth-of-a-global-book-giant.html|title=THE MEDIA BUSINESS; Birth of a Global Book Giant|newspaper=The New York Times|date=June 11, 1990|accessdate=December 8, 2022}}</ref>

In 1988, News Corp acquired the Philadelphia-based [[Triangle Publications]], publisher of the magazines ''[[TV Guide]]'', ''[[Seventeen (American magazine)|Seventeen]]'', and the ''[[Daily Racing Form]]'' for $3 billion.<ref>{{Cite news| issn = 0362-4331| last = Eichenwald| first = Kurt| title = THE MEDIA BUSINESS; Murdoch Agrees to Buy TV Guide In a $3 Billion Sale by Annenberg| work = The New York Times| access-date = July 21, 2018| date = August 8, 1988| url = https://www.nytimes.com/1988/08/08/business/media-business-murdoch-agrees-buy-tv-guide-3-billion-sale-annenberg.html}}</ref> To raise money, the trade publications were sold to [[Reed International]].<ref>{{Cite news| issn = 0362-4331| last = Fabrikant| first = Geraldine| title = Murdoch to Sell Travel Businesses| work = The New York Times| access-date = July 21, 2018| date = May 6, 1989| url = https://www.nytimes.com/1989/05/06/business/murdoch-to-sell-travel-businesses.html}}</ref>

By 1992, News Corp had incurred large debts, which forced it to sell many of the American magazine interests it had acquired in the mid-1980s to [[RentPath|K-III Communications]], as well spinning off long-held Australian magazines interests as [[Pacific Magazines]]. Much of this debt came from its stake in the [[Sky UK|Sky Television]] satellite network in the UK, which incurred massive losses in its early years of operation, which (like many of its business interests) was heavily subsidised with profits from its other holdings until it was able to force{{Citation needed|date=May 2013}} rival satellite operator [[British Satellite Broadcasting|BSB]] to accept a merger on its terms in 1990. (The merged company, [[Sky UK|BSkyB]], has dominated the British pay-TV market since.)

In 1993, News Corp acquired a 63.6% stake of the Hong Kong-based [[Disney Star|STAR TV]] satellite network from [[Pearson plc|Pearson]] for over $500&nbsp;million, followed by the purchase of the remaining 36.4% in July 1995.<ref>{{cite news|url=https://variety.com/1993/tv/news/murdoch-catches-rising-star-108977/|work=Variety|title=Murdoch catches rising Star|first=Rhonda|last=Palmer|date=July 27, 1993}}</ref><ref>{{cite news|url=https://query.nytimes.com/gst/fullpage.html?res=9F0CE7DA153EF930A1575BC0A965958260|work=The New York Times|title=THE MEDIA BUSINESS; Star TV Extends Murdoch's Reach|first=Philip|last=Shenon|date=August 23, 1993}}</ref> Murdoch declared that:<ref name="guardian.co.uk">{{cite news|author=George Monbiot|url=https://www.theguardian.com/commentisfree/2008/apr/22/chinathemedia.rupertmurdoch|title=The most potent weapon wielded by the empires of Murdoch and China|newspaper=The Guardian|date=April 22, 2008|access-date=July 11, 2011|location=London}}</ref>

{{quote|(Telecommunications) have proved an unambiguous threat to totalitarian regimes everywhere ... satellite broadcasting makes it possible for information-hungry residents of many closed societies to bypass state-controlled television channels.}}

In 1995, the Fox network became the object of scrutiny from the [[Federal Communications Commission]] (FCC) when it was alleged that its Australian base made Murdoch's ownership of Fox illegal. The FCC, however, ruled in Murdoch's favor, stating that his ownership of Fox was in the public's best interests. It was also noted that the stations themselves were owned by a separate company whose chief shareholder was a U.S. citizen, Murdoch, although nearly all of the stations' equity was controlled by News Corp. In the same year, News Corporation announced a deal with [[MCI Communications]] to develop a major news website as well as funding a conservative news magazine, ''[[The Weekly Standard]]''. In the same year, News Corp launched the [[Foxtel]] pay television network in Australia in a partnership with [[Telstra]] and [[Publishing & Broadcasting Limited]].

On July 17, 1996, News Corporation announced that it would acquire  television production and broadcasting company [[New World Pictures|New World Communications]] (who acquired a 20% stake in 1994 for $200 million), for $2.48 billion in stock and was completed on January 22, 1997.<ref>{{cite news|url=https://www.nytimes.com/1996/07/18/business/the-media-business-murdoch-s-news-corp-buying-new-world.html|title=THE MEDIA BUSINESS; Murdoch's News Corp. Buying New World|newspaper=The New York Times|agency=Reuters|date=July 18, 1996|accessdate=December 8, 2022}}</ref><ref>{{cite news|url=https://www.latimes.com/archives/la-xpm-1996-07-18-fi-25271-story.html|title=New World Vision : Murdoch's News Corp. to Buy Broadcast Group|newspaper=Los Angeles Times|date=July 18, 1996|accessdate=December 8, 2022}}</ref>

On October 7, 1996, the Fox Entertainment Group launched the [[Fox News|Fox News Channel]], a 24-hour [[United States cable news|cable news]] network to compete against [[Time Warner]]'s rival channel [[CNN]].<ref>{{Cite news|url=https://www.nytimes.com/1996/09/05/arts/fox-presents-its-lineup-for-news-channel.html|title=Fox Presents Its Lineup for News Channel|newspaper=The New York Times|date=September 5, 1996|last1=Mifflin|first1=Lawrie}}</ref>

In 1999, News Corporation significantly expanded its music holdings in Australia by acquiring the controlling share in a leading Australian-based label, [[Michael Gudinski]]'s [[Mushroom Records]], merging it with already held [[Festival Records]] to create Festival Mushroom Records (FMR). Both Festival and FMR were managed by Rupert Murdoch's son [[James Murdoch (born 1972)|James Murdoch]] for several years.

Also mid 1999, ''[[The Economist]]'' reported that News Corp paid comparatively lower taxes, and Newscorp Investments specifically had made £11.4&nbsp;billion ($20.1&nbsp;billion) in profits over the previous 11 years but had not paid net corporation tax. It also reported that after an examination of the available accounts, Newscorp could normally have been expected to pay corporate tax of approximately $350&nbsp;million. The article explained that in practice, the corporation's complex structure, international scope, and use of offshore [[tax havens]] allowed News Corporation to pay minimal{{Clarify|date=May 2013}} taxes.<ref>{{Cite web|url=http://www.vision.net.au/~apaterson/politics/economist_murdoch.htm|archive-url=https://web.archive.org/web/20080117220633/http://www.vision.net.au/~apaterson/politics/economist_murdoch.htm|url-status=dead|title=Rupert Murdoch Laid Bare|archive-date=January 17, 2008}}</ref><ref>{{cite news|url=http://news.bbc.co.uk/1/hi/special_report/1999/02/99/e-cyclopedia/302366.stm|title=Tax free: Rupert Murdoch's zero status|work=[[BBC News]]|date=March 25, 1999|access-date=April 25, 2010}}</ref>

===Further development===
In late 2003, News Corp acquired a 34% stake in [[Hughes Electronics]] (now [[DirecTV Group]]), operator of the largest American satellite TV system, from [[General Motors]] for US$6&nbsp;billion.<ref>{{cite news|url=https://www.nytimes.com/2003/04/09/business/gm-board-set-to-sell-control-of-hughes-unit-to-news-corp.html|title=G.M. Board Set to Sell Control Of Hughes Unit to News Corp.|newspaper=The New York Times|date=April 10, 2003|accessdate=December 8, 2022}}</ref> DirecTV was sold to [[Liberty Media]] in 2008 in exchange for its stake in News Corporation.

In January 2005, shortly after reincorporation in the United States, News Corporation announced that it was buying out [[Fox Entertainment Group]].<ref>{{cite news|last=Lazaroff|first=Leon|title=Murdoch to buy out Fox shares|url=https://www.chicagotribune.com/2005/01/11/murdoch-to-buy-out-fox-shares/|access-date=October 11, 2012|newspaper=Chicago Tribune|date=January 11, 2005}}</ref> The manoeuvre delisted Fox from the [[New York Stock Exchange]]; Fox had traded on the NYSE under the ticker '''FOX'''.<ref>{{cite web|title=News Corporation Completes Acquisition of Fox|url=http://www.newscorp.com/news/news_245.html|publisher=News Corp|access-date=October 11, 2012}}</ref>

In 2004, Murdoch set aside $2&nbsp;billion and handpicked a team of young executives to look at possible ways to use the Web as a distribution platform. That team was composed of four rising stars: Ross Levinsohn, Adam Bain, [[Travis Katz]], and Michael Kirby.  The four became the backbone of what would become News Corp's digital division, Fox Interactive Media.<ref>{{Cite news|date=2011-04-07|title=Special report: How News Corp got lost in Myspace|language=en|work=Reuters|url=https://www.reuters.com/article/ctech-us-myspace-idCATRE7364G420110407|access-date=2020-05-26}}</ref>

Shortly after, in July 2005, News Corporation purchased the social networking website [[Myspace]] for $580&nbsp;million.<ref name="business of spam">{{cite web|last=Lapinski|first=Trent|title=MySpace: The Business of Spam 2.0 (Exhaustive Edition)|url=http://valleywag.com/tech/myspace/myspace-the-business-of-spam-20-exhaustive-edition-199924.php|work=ValleyWag|date=September 11, 2006|access-date=March 13, 2008|url-status=dead|archive-url=https://web.archive.org/web/20080312041913/http://valleywag.com/tech/myspace/myspace-the-business-of-spam-20-exhaustive-edition-199924.php|archive-date=March 12, 2008}}</ref><ref name="BBC 2005">{{cite news|title=News Corp in $580m internet buy|url=http://news.bbc.co.uk/1/hi/business/4695495.stm|work=BBC News|date=July 19, 2005|access-date=March 13, 2008}}</ref> News Corporation had beat out [[Viacom (1952-2006)|Viacom]] by offering a higher price for the website,<ref name="Remember">{{cite magazine|last=Haden |first=Jeff |url=https://business.time.com/2011/01/12/remember-news-corp-s-brilliant-myspace-buy/ |title=MySpace Layoffs Are A Good Reminder how Uncool Rupert Murdock's acquisition of the social media was?|magazine=Time |date=January 12, 2011 |access-date=June 30, 2012}}</ref> and the purchase was seen as a good investment at the time.<ref name="Remember" /> Of the $580&nbsp;million purchase price, approximately $327&nbsp;million has been attributed to the value of Myspace according to the financial adviser [[fairness opinion]].<ref>{{cite press release|title=Internet Entrepreneur & Myspace Founder Brad Greenspan Leads Investment Group Seeking to Take Non-Controlling Stake in Dow Jones Corp.|url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-20-2007/0004612480&EDATE=|agency=PR Newswire|date=June 20, 2007|access-date=March 13, 2008}}</ref> Within a year, Myspace had tripled in value from its purchase price.<ref name="Remember" />

In February 2007, Murdoch announced at the McGraw-Hill Media Summit that the Fox Entertainment Group would launch a new business news channel later in the year, which would compete directly against rival network [[CNBC]]. Murdoch explained that the channel would be more "business-friendly" than CNBC, because he felt that they "leap on every scandal, or what they think is a scandal."<ref>[https://web.archive.org/web/20090830081743/http://www.businessweek.com/bwdaily/dnflash/content/feb2007/db20070208_987706.htm?chan=search Rupert Murdoch Speaks His Mind], ''Business Week'', February 2007.</ref> In July 2007, News Corp. reached a deal to acquire [[Dow Jones & Company]], owners of ''[[The Wall Street Journal]]'', for $5&nbsp;billion.<ref name="Real estate mornington"/><ref name=wsj-djacquired>{{cite news|title=Murdoch Wins His Bid for Dow Jones|url=https://www.wsj.com/articles/SB118589043953483378 |newspaper=The Wall Street Journal|access-date=May 11, 2013}}</ref> Despite CNBC already having a contract with Dow Jones to provide content and services to the network, the Fox Entertainment Group officially launched the [[Fox Business Network]] on October 15, 2007. Alexis Glick, the network's original morning show host and vice president of business news, indicated that its lawyers had reviewed the details of Dow Jones' contract with CNBC, but noted that it would still "actively use" other Dow Jones properties.<ref>[https://www.hollywoodreporter.com/hr/content_display/news/e3i118a16d2ff59590bd77181d8da9c9fb9 ''Fox Business makes TV debut'', Hollywood Reporter, 16 October 2007]. {{Retrieved|access-date=October 17, 2007}} {{webarchive |url=https://web.archive.org/web/20071017011534/http://www.hollywoodreporter.com/hr/content_display/news/e3i118a16d2ff59590bd77181d8da9c9fb9 |date=October 17, 2007 }}</ref><ref>[https://www.usatoday.com/money/media/2007-10-14-fox-business-network_N.htm/ ''Fox Business Network blazes new trail'', ''USA Today'', 14 October 2007]. {{Retrieved|access-date=October 17, 2007}}</ref>

On December 16, 2008, News Corporation announced that it would transfer its US shares from the NYSE to the [[NASDAQ]] which was made effective two weeks later.<ref>{{cite web|url=https://www.newscorp.com/news/news_403.html|archive-url=https://web.archive.org/web/20081218000240/|title=News Corporation Announces Move to NASDAQ Global Select Market|work=News Corporation|date=2008-12-16|archive-date=2008-12-18|url-status=dead|access-date=2025-02-15}}</ref> In September 2009, News Corp established NewsCore, a global wire service set up to provide news stories to all of News Corp's journalistic outlets.<ref>[https://www.theguardian.com/media/2009/sep/07/news-corporation-newscore-wire ''Rupert Murdoch's News Corp launches global service to link all its outlets'', Guardian.co.uk, 7 September 2009]. {{Retrieved|access-date=September 15, 2010}}</ref>

In April 2010, News Corporation sold Bulgarian broadcaster [[bTV (Bulgaria)|bTV]], which it launched on 1 June 2000, as part of a deal to [[Central European Media Enterprises]] (CME) for $400&nbsp;million in addition to another $13&nbsp;million for working capital adjustment. The deal included cable channels [[bTV Comedy]] and [[Btv Cinema]] and News Corporation's 74% stake in Radio Company CJ which included five radio stations.<ref>{{cite web |url=https://www.novinite.com/articles/115423/News+Corporation+Completes+Sale+of+Bulgaria%27s+bTV+to+CME |title=News Corporation Completes Sale of Bulgaria's bTV to CME |date=April 20, 2010 |website=www.novinite.com}}</ref>

In September 2010, due to the Fijian government's requirement that the country's media outlet must be 90% owned by Fiji Nationals, News Corporation sold 90% of their stake in their Fijian newspapers (''[[Fiji Times]]'', ''Nai Lalakai'', and ''[[Shanti Dut]]'') to Motibhai Group of Companies.<ref>{{cite news|title=News Limited sells Fiji Times to Fijian company Motibhai|author=Staff writers of ''[[The Australian]]''|url=http://www.theaustralian.com.au/news/world/news-limited-sells-fiji-times-to-fijian-company-motibhai/story-e6frg6so-1225924003166|newspaper=[[The Australian]]|date=September 15, 2010|access-date=January 29, 2011}}</ref>

In November 2010, News Corp purchased education technology and student progress tracking company [[Wireless Generation]] for $360 million. The company was the NY City Education Department's partner for its School of One pilot program (now [[Teach to One]]).<ref>{{Cite news|url=https://www.nytimes.com/2010/11/24/nyregion/24newscorp.html|title=News Corp., After Hiring Klein, Buys Technology Partner in a City Schools Project|first=Fernanda|last=Santos|work=The New York Times |date=November 24, 2010|via=NYTimes.com}}</ref>

In late February 2011, News Corp officially put the now-struggling Myspace up for sale, which was estimated to be worth $50–200 million.<ref>{{cite news|url=https://www.reuters.com/article/idINIndia-54673520110205|work=Reuters  |title=News Corp taps Allen & Co for MySpace interest – sources|date=February 5, 2011}}</ref> Losses from the last quarter of 2010 were $156 million, over double of the previous year, which dragged down the otherwise strong results of parent News Corp. Its struggles were attributed to the growth of the competing social network [[Facebook]].<ref name="myspace-online.wsj.com">{{cite news|last=Vascellaro|first=Jessica E.|url=https://www.wsj.com/articles/SB10001424052702304584004576415932273770852 |title=News Corp. Selling Myspace to Specific Media |work=The Wall Street Journal|date=June 30, 2011|access-date=October 23, 2011}}</ref><ref>{{cite news|url=https://www.wsj.com/articles/SB10001424052748703530504576164830897334082 |work=The Wall Street Journal|first1=Jessica E.|last1=Vascellaro|first2=Russell|last2=Adams|title=Myspace Opens Books to Prospective Buyers|date=February 25, 2011}}</ref> The deadline for bids, May 31, 2011, passed without any above the reserve price of $100&nbsp;million being submitted.<ref>{{cite news|url=http://allthingsd.com/20110531/the-myspace-sweepstakes-drag-on-another-bid-deadline-today-as-sale-deadline-looms/|work=All Things D|first1=Kara|last1=Swisher| title=The Myspace Sweepstakes Drag on–Another Bid Deadline Today As Sale Deadline Looms|date=June 3, 2011}}</ref> The rapid deterioration in Myspace's business during the most recent quarter had deterred many potent suitors.<ref name="myspace-online.wsj.com"/> Later in June, Specific Media and pop singer [[Justin Timberlake]] bought the site for $35&nbsp;million, which CNN reported noted was "far less than the $580&nbsp;million News Corp. paid for Myspace in 2005."<ref>{{cite news|author=[[Laurie Segall]]|url=https://money.cnn.com/2011/06/29/technology/myspace_layoffs/index.htm?hpt=te_bn2|title=News Corp. sells Myspace to Specific Media|publisher=CNN|date=June 29, 2011|access-date=June 29, 2011}}</ref> Murdoch went on to call the Myspace purchase a "huge mistake".<ref name="huge mistake">{{cite web|url=http://latimesblogs.latimes.com/entertainmentnewsbuzz/2011/10/news-corps-murdoch-calls-myspace-a-huge-mistake.html |title=News Corp.'s Rupert Murdoch calls Myspace buy a 'huge mistake' |work=Los Angeles Times |date=October 21, 2011 |access-date=June 30, 2012}}</ref>

On July 13, 2011, Rupert Murdoch announced that the company would withdraw its [[News Corporation takeover bid for BSkyB|takeover bid]] for [[BSkyB]] due to concerns relating to the ''News of the World'' scandal.<ref>{{cite news|url=https://www.telegraph.co.uk/news/uknews/phone-hacking/8634176/News-of-the-World-phone-hacking-scandal-timeline.html|archive-url=https://web.archive.org/web/20110714013912/http://www.telegraph.co.uk/news/uknews/phone-hacking/8634176/News-of-the-World-phone-hacking-scandal-timeline.html|url-status=dead|archive-date=July 14, 2011|title=News of the World phone hacking scandal: timeline|newspaper=The Daily Telegraph|date=July 7, 2005|access-date=July 14, 2011|location=London|first1=Indu|last1=Chandrasekhar|first2=Murray|last2=Wardrop|first3=Andy|last3=Trotman}}</ref> News Corporation already owned, and continues to own, 39.1% of BSkyB.

On June 6, 2012, News Corporation announced that it would buy out [[ESPN Inc.]]'s stake in [[ESPN Star Sports]] to gain full control over the Asia-Pacific sports network.<ref>{{cite news|url=http://www.thehindu.com/sport/other-sports/article3497298.ece|title=News Corp to buy out ESPN from ESS, Sawhney to leave|date=June 6, 2012 | work=The Hindu}}</ref> On November 20, 2012, News Corporation announced that it would acquire a 49% stake in the [[regional sports network]] [[YES Network]], owned by the [[Major League Baseball]] team [[New York Yankees]].<ref>{{cite news|url=https://www.hollywoodreporter.com/news/general-news/news-corp-acquires-yes-network-393332/|title=News Corp Acquires YES Network|website=[[The Hollywood Reporter]]|date=November 21, 2012|accessdate=December 8, 2022}}</ref><ref>{{cite news|url=https://www.ctvnews.ca/business/news-corp-to-acquire-stake-in-yankees-regional-sports-channel-1.1046465|title=News Corp. to acquire stake in Yankees' regional sports channel|website=[[CTV News]]|date=November 20, 2012|accessdate=December 8, 2022}}</ref><ref>{{cite news|url=https://www.adweek.com/tvnewser/news-corp-acquires-stake-in-yes-network-but-how-does-it-affect-fox-sports-1/156941/|title=News Corp. Acquires Stake In YES Network, But How Does It Affect 'Fox Sports 1'?|website=TVNewser|publisher=Adweek|date=November 20, 2012|accessdate=December 8, 2022}}</ref> In January 2013, News Corp. attained 54.5% majority control of [[Sky Deutschland]].<ref>{{cite news| url=http://uk.reuters.com/article/us-skydeutschland-newscorp-idUKBRE90D08W20130114| archive-url=https://web.archive.org/web/20160307155146/http://uk.reuters.com/article/us-skydeutschland-newscorp-idUKBRE90D08W20130114| url-status=dead| archive-date=March 7, 2016| title=News Corp to grab control of Sky Deutschland |author1=Christoph Steitz  |author2=Harro Ten Wolde  |name-list-style=amp | work=Reuters | date=January 14, 2013}}</ref>

On February 4, 2013, News Corporation announced the sale of [[IGN]] and its related properties to the publishing company [[Ziff Davis]]. News Corp. had planned to spin off IGN as an independent company, but failed to do so.<ref name=athingsd-ziff>{{cite news|title=News Corp.'s IGN Poised to Sell to J2's Ziff Davis|url=http://allthingsd.com/20130201/exclusive-news-corp-s-ign-poised-to-sell-to-j2s-ziff-davis/|newspaper=The Wall Street Journal|access-date=February 4, 2013}}</ref><ref name=ds-ziff>{{cite web|title=IGN Entertainment sold by News Corp to publisher Ziff Davis|url=http://www.digitalspy.ca/media/news/a456178/ign-entertainment-sold-by-news-corp-to-publisher-ziff-davis.html|website=Digital Spy|access-date=February 4, 2013}}</ref>

===Scandals===
{{main|2011 News Corporation scandals}}

In July 2011, News Corp closed down the ''[[News of the World]]'' newspaper in the United Kingdom due to allegations of phone hackings. The allegations include trying to access former Prime Minister [[Gordon Brown]]'s voice mail, and obtain information from his bank accounts, family's medical records, and private legal files. Allegations of hacking have also been brought up in relation to former Prime Minister [[Tony Blair]], and the [[British Royal Family|Royal Family]].<ref>{{cite news|author1=Nick Davies  |author2=David Leigh |name-list-style=amp |url=https://www.theguardian.com/media/2011/jul/11/phone-hacking-news-international-gordon-brown|title=News International papers targeted Gordon Brown|newspaper=The Guardian|date=July 11, 2011|access-date=July 14, 2011|location=London}}</ref> Other allegations put out by ''[[The Guardian]]'' newspaper include the exploitation, with intent to gain access to or use private information, of a list of 4,332 names or partial names, 2,987 mobile phone numbers, 30 audio tapes of varying length and 91 PIN codes, of a kind required to access the voicemail of the minority of targets who change the factory settings on their mobile phones.<ref name="guardian1">{{cite news|url=https://www.theguardian.com/news/datablog/2010/sep/10/phone-hacking-victims-list|title=Our phone hacking victims list|newspaper=The Guardian|date=July 12, 2011|access-date=July 14, 2011}}</ref> The names are said to include those of British victims of September 11, 2001 terror attacks, family members of victims of the [[7 July 2005 London bombings|"7/7" bombings]] on London's transit system, family members of British troops killed overseas, [[Murder of Milly Dowler|Milly Dowler]], a 13-year-old missing British schoolgirl who was later found dead in 2002, actor [[Hugh Grant]] and a lawyer representing the family of [[Diana, Princess of Wales|Princess Diana]]'s lover at the inquest into her death.<ref name="guardian1"/> On July 13, 2011, News Corp withdrew its bid to purchase the final 61% stake in [[BSkyB]] after pressure from both the Labour and Conservative Parties in Parliament.<ref>{{cite news|url=https://www.reuters.com/article/bskyb-newscorp-idUSL6E7ID2AR20110713|title=UPDATE 1-BSkyB investors eye cash after deal collapse|work=Reuters|date=July 13, 2011|access-date=July 14, 2011|first=Kate|last=Holton}}</ref>

Allegations about the violation of ethical standards by the News Corporation subsidiary ''News of the World'' have been speculatively applied to News Corporation holdings in the United States. Senator John Rockefeller (D-WV) stated on July 12, 2011, that there should be a government investigation into News Corporation "to ensure that Americans have not had their privacy violated."<ref name="Stelter">{{cite news|last=Stelter|first=Brian|title=News Corp. Newspapers May Face U.S. Inquiry|url=https://www.nytimes.com/2011/07/14/world/europe/14react.html|work=The New York Times|access-date=July 14, 2011|date=July 13, 2011}}</ref> His statement was echoed on Wednesday<ref>{{cite news|title=U.S. lawmakers urge feds to investigate Murdoch media company|url=http://edition.cnn.com/2011/CRIME/07/13/us.hacking.fcpa/index.html|archive-url=https://web.archive.org/web/20110713230906/http://edition.cnn.com/2011/CRIME/07/13/us.hacking.fcpa/index.html|url-status=dead|archive-date=July 13, 2011|access-date=December 5, 2017|date=July 14, 2011}}</ref> by Sen. Robert Menendez (D-NJ), who specifically requested an investigation into 9/11 victims, as well as Sen. [[Frank Lautenberg]] (D-NJ) who encouraged an investigation by the Securities and Exchange Commission.<ref name="Stelter"/> On July 13, 2011, Representative [[Peter T. King|Peter King]] (R-NY) wrote a letter to the FBI requesting an investigation into News Corporation's ethical practices, and on July 14, the FBI opened a probe into the hacking of 9/11 victims.<ref>{{cite news|last=Rashbaum|first=William|title=F.B.I. Opens Inquiry Into Hacking of 9/11 Victims|url=https://www.nytimes.com/2011/07/15/nyregion/fbi-opens-inquiry-into-hacking-of-911-victims.html|work=The New York Times|access-date=July 14, 2011|date=July 14, 2011}}</ref> Les Hinton, chief executive of the media group's Dow Jones, resigned on July 15, saying, "I have seen hundreds of news reports of both actual and alleged misconduct during the time I was executive chairman of News International and responsible for the company. The pain caused to innocent people is unimaginable. That I was ignorant of what apparently happened is irrelevant and in the circumstances I feel it is proper for me to resign from News Corp, and apologize to those hurt by the actions of the News of the World."<ref>{{cite news|last=BBC|first=BBC|title=News Corp's Les Hinton resigns amid phone-hack scandal|url=https://www.bbc.co.uk/news/world-us-canada-14170879|publisher=BBC|access-date=July 14, 2011}}</ref>

In 2012, following a BBC ''Panorama'' report, allegations were made that News Corp subsidiary [[NDS Group]] had used hackers to undermine pay TV rivals around the world. Some of the victims of the alleged hacking, such as [[Austar]], were later taken over by News Corp and others such as [[ITV Digital|Ondigital]] later went bust. NDS had originally been set up to provide security to News Corp's pay TV interests but emails obtained by [[Fairfax Media]] revealed they had also pursued a wider agenda by distributing the keys to rival set-top box operators and seeking to obtain phone records of suspected rivals.<ref>Chenoweth, Neil Pay TV Piracy Hits News, ''The Financial Review'', March 28, 2012, online Retrieved May 4, 2012</ref> The emails were from the hard drive of NDS European chief Ray Adams. In 2012, it was also revealed that Australian Federal police were working with UK police to investigate hacking by News Corp.<ref>Tingle, Laura & Daley, Gemma Federal Police Join News Probe, ''The Financial Review'', March 28, 2012, online Retrieved May 4, 2012</ref>

===Split and reorganization===
{{Multiple image
| image1            = 21st Century Fox logo.svg
| caption1          = 21st Century Fox's logo, used from its founding in 2013 until its shutdown in 2019
| image2            = News Corporation 2013 Logo.png
| caption2          = The second News Corporation's logo. It is stylized as News Corp.
| image3            = FOX wordmark.svg
| caption3          = Fox Corporation's logo, which is used by [[Fox Broadcasting Company|Fox]] but it is colored black instead of blue
}}
On June 28, 2012, Rupert Murdoch announced that, after concerns from shareholders in response to the recent scandals and to "unlock even greater long-term shareholder value", News Corporation's assets would be restructured into two publicly traded companies, one oriented towards media, and the other towards publishing. News Corp's publishing operations were [[Corporate spin-off|spun out]] into a [[News Corp|new News Corporation]] with [[Robert James Thomson]], editor of ''[[The Wall Street Journal]]'', as CEO. The original News Corporation, which retained most of its media properties (such as the [[Fox Entertainment Group]] and [[20th Century Fox]]) and Murdoch as CEO, was renamed [[21st Century Fox]]. Murdoch remained chairman for both companies.<ref name="bbcn-split">{{cite news|title=News Corp confirms plan to split the media giant|url=https://www.bbc.co.uk/news/business-18621949|work=BBC News|access-date=June 28, 2012|date=June 28, 2012}}</ref><ref name="bb-newscorpbreakup">{{cite news|title=News Corp. Will Use Fox Name as Breakup Proceeds|url=https://www.bloomberg.com/news/2012-12-03/news-corp-moves-ahead-with-split-gives-names-for-new-companies.html|newspaper=Bloomberg|date=December 3, 2012 |access-date=December 3, 2012}}</ref><ref name="tg-splitstructure">{{cite news|last=Sweney|first=Mark|title=News Corp's head of demerged newspaper arm may take home £2.5m|url=https://www.theguardian.com/media/2012/dec/21/news-corp-robert-thomson-fox|access-date=December 26, 2012|newspaper=[[The Guardian]]|date=December 21, 2012}}</ref>

Shareholders approved the split on June 11, 2013. On June 19, 2013, preliminary trading for the new News Corporation on the [[Australian Securities Exchange]] commenced in preparation for the formal split that was finalized on June 28, 2013. Shareholders received one share of new News Corp for every four shares they owned of the old News Corp. The two new companies began trading on the [[Nasdaq]] on July 1, 2013.<ref>{{cite news|url=https://www.theguardian.com/media/2013/jun/18/rupert-murdoch-split-empire-news-corp?CMP=twt_fd |title=Rupert Murdoch splits empire but keeps faith in tomorrow's newspapers |newspaper=The Guardian |date=June 18, 2013 |access-date=June 18, 2013}}</ref><ref>{{cite web|last=Wall |first=Matthew |url=https://www.bbc.co.uk/news/business-22857106 |title=News Corp shareholders vote to split company into two |work=BBC News |date=June 11, 2013 |access-date=June 11, 2013}}</ref><ref name="ft-newnewscorp">{{cite news|title='New News Corp' makes muted stock market debut|newspaper=[[Financial Times]]|date=June 19, 2013|url=http://www.ft.com/cms/s/0/1be6f5fe-d8bf-11e2-a6cf-00144feab7de.html |archive-url=https://ghostarchive.org/archive/20221210/http://www.ft.com/cms/s/0/1be6f5fe-d8bf-11e2-a6cf-00144feab7de.html |archive-date=December 10, 2022 |url-access=subscription|access-date=June 19, 2013}}</ref> In early 2014, 21st Century Fox entered talks for a possible merger with [[WarnerMedia|Time Warner]] before abandoning efforts on August 5, 2014.<ref>{{Cite web |last=Summerfield |first=Richard |date=October 2014 |title=$80 Billion FOX-Time Warner deal off |url=https://www.financierworldwide.com/80bn-fox-time-warner-deal-off#:~:text=Following%20months%20of%20speculation%20and,US%20for%20the%20foreseeable%20future. |access-date=February 26, 2025 |website=financierworldwide}}</ref> In 2015, 21st Century Fox and [[National Geographic Society]] formed a joint venture group to control National Geographic's media properties, with 21CF retaining a 73% stake in the company's media assets <ref>{{Cite web |last=Parker |first=Laura |date=September 9, 2015 |title=National Geographic and 21st Century Fox Expand Media Partnership |url=https://www.nationalgeographic.com/culture/article/150909-21st-century-fox-media-partnership#:~:text=Under%20the%20$725-million%20deal%2C%20Fox%2C%20which%20currently,National%20Geographic%20Society%20will%20own%2027%20percent. |access-date=February 26, 2015 |website=National Geographic}}</ref> In 2017, after months of speculation, Disney announced [[Acquisition of 21st Century Fox by Disney|its intent to acquire 21st Century Fox]]. Comcast and Disney engaged in a contested bidding war to acquire the media conglomerate, but Comcast eventually rescinded efforts to acquire 21st Century Fox after 21CF agreed to Disney's US$71.3 billion offer.<ref>{{Cite web |last=David Goldman |first=Dylan Bryers |date=July 19, 2018 |title=Disney wins: Comcast drops its bid for 21st Century Fox |url=https://money.cnn.com/2018/07/19/media/comcast-fox-disney/index.html |access-date=February 27, 2025 |website=[[CNN]]}}</ref> With the acquisition set to complete by March 20, 2019, 21st Century Fox and Comcast engaged in a bidding war over [[Sky Group|Sky]]. While Comcast was unsuccessful in outbidding Disney to acquire 21CF, it acquired Sky in 2018, with 21CF having sold their stake of Sky to Comcast.<ref>{{Cite web |last=Ellingson |first=Annlee |date=December 21, 2018 |title=Year in Review: A new entertainment landscape takes shape |url=https://www.bizjournals.com/losangeles/news/2018/12/21/year-in-review-a-new-entertainment-landscape-takes.html |access-date=February 27, 2025 |website=[[Bizjournals]]}}</ref> On March 19, 2019, the broadcasting, sports, and news assets of 21CF were spun off to [[Fox Corporation]], a separate company, on March 19, 2019, to avoid anti-trust issues for Disney. 21CF's remaining media assets was acquired by Disney on March 20, 2019, and assets with the "Fox" branding were renamed to avoid confusion with Fox Corporation. With Disney having acquired 21st Century Fox, News Corporation's direct successor ceased existence as an entity, and much of its former assets are now controlled by Disney, News. Corp, and Fox Corp. Attempts for a re-merger between News Corp and Fox Corp were explored in 2022. Had it been successful, News Corp and Fox would have been under the same corporate umbrella for the first time since 2013, but efforts were quickly abandoned in 2023.