Fight for Murdoch’s succession is over. But what will new owner of the Empire control?
The Murdoch family announcement on Monday (8) that Lachlan Murdoch concluded an agreement to ensure control of his media empire was the final step in a long succession process.
According to a person with knowledge of the agreement, three of the brothers of Lachlan – Prue, Liz and James – will each receive $ 1.1 billion for their participation in the family business. The Family Empire includes Fox Corp. and News Corp., which Lachlan will effectively control through a Trust.
But, after all, what will he control? After decades of global acquisitions, changes in corporate names and the sale of assets of 21st Century Fox to The Walt Disney Co. for $ 71.3 billion in 2019, there is a lot to accompany. But these businesses influence the daily lives of millions of people around the world.
Here is a summary of some of the main organizations under the Fox Corp umbrella. and News Corp., which have several brands.
Fox Corp.
What includes:
– Fox News Media
– FOX Entertainment
– Fox Sports
– Contracts with local affiliated stations
– Tubi Media Group, which operates Tubi, a free streaming service
How much invoice? Full year revenue ended on June 30 exceeded $ 16 billion, a record for the company. Net profit was $ 2.29 billion.
Highlights:
The arm of television news, broadcasting and sports of the media empire is by far the most lucrative of the two Murdoch companies. Its origins date back to an agreement of 1985, when Rupert Murdoch acquired 20th Century Fox, the movie studio.
He has transformed this business into a transmissionable transmission giant of politics and culture. Since Memorial Day, Fox News, with its polarizing anchors and conservative bias content, has been the most assisted television network at prime time, according to Nielsen. Corporation advertising revenue also grew in the fiscal year closed in June, increasing 26%to $ 7 billion.
Another highlight of the portfolio is Fox Sports, which broadcast this year’s Super Bowl and streaming the game by Tubi. The partnership helped make Super Bowl 59 the most assisted of all time, with 127.7 million viewers. Although the network does not broadcast the largest football game in 2026, it guaranteed FIFA’s men’s World Cup broadcasting rights from June next year. The end of this event is the most watched sporting event in the world.
Fox Corp. It is also expanding its reach to emerging properties. In June, he announced that Tubi, a free streaming service with hundreds of thousands of movies and TV episodes, exceeded 100 million monthly active users. Last month, Fox Corp. It expanded its digital presence by launching Fox One, a paid streaming service that includes programming of Fox’s transmission and cable properties; And in June he acquired Caliente TV, a sports streaming service in Mexico.
News Corp
What includes:
– The Wall Street Journal and other Dow Jones publications
– Harpercollins
– The New York Post
– Realtor.com
– The Times, The Sunday Times and The Sun in the United Kingdom
– The Australian and other newspapers in Australia
How much invoice? Full year revenue ended on June 30 was nearly $ 8.5 billion. Net profit was $ 648 million.
Highlights:
Murdoch entered the US media market in the 1970s with a series of newspaper acquisitions, including The New York Post. A series of sales and purchases occurred in the following decades, but the robust portfolio remains: international news, public book publication and digital services.
Under the News Corp umbrella is Dow Jones, which includes The Wall Street Journal and the Risk & Compliance and Dow Jones Energy business, which provide risk protection analysis and insights. The corporation also offers digital and printed news, with publications such as The Times and The Sunday Times in the UK. In August, The New York Post announced that by 2026 it will expand to include a newspaper in California, The California Post.
Harpercollins, an editorial giant, is a big contributor to the business. The revenue of the book publication division reached $ 2.1 billion in the year until June, the second best year for the division in terms of revenue.
News Corp also has participation in the real estate market, with most shares of Move Inc., a real estate listing company that operates Realtor.com. Despite a slow year for the US real estate market, Realtor.com revenue has grown for the third consecutive quarter. The company recently announced the acquisition of Zenlist, a service that connects agents to customers in real estate searches.
News Corp also owns the British tabloid The Sun, several Australian national and regional newspapers and the Sky News Australia news channel.
