16 Facts About News Corporation


News Corporation was a publicly traded company listed on NASDAQ.

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News Corporation was headquartered at 1211 Avenue of the Americas, New York, in the newer 1960s–1970s corridor of the Rockefeller Center complex.

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News Corporation Corp was created in 1980 by Rupert Murdoch, as a holding company for News Corporation Limited.

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News Corporation Limited was created in 1923 in Adelaide by James Edward Davidson, funded by the Collins House mining empire for the purpose of publishing anti-union propaganda; subsequently the controlling interest was bought by The Herald and Weekly Times.

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Also in 1984, News Corporation Corp bought Travel Weekly and other trade magazines from Ziff Davis.

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In 1985, News Corp announced it was buying the Metromedia television stations and its syndication arm Metromedia Producers, setting the stage for the launch of a fourth U S commercial broadcasting television network.

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In 1986 and 1987, News Corporation Corp moved to adjust the production process of its British newspapers, over which the printing unions had long maintained a highly restrictive grip.

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In 1987, News Corporation Corp acquired Harper and Row, and merged it with British book publisher William Collins, Sons in 1989 to form HarperCollins.

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In 1988, News Corporation Corp acquired Triangle Publications, publisher of TV Guide, Seventeen, and the Daily Racing Form.

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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 .

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In January 2005, shortly after reincorporation in the United States, News Corporation announced that it was buying out Fox Entertainment Group.

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News Corporation had beat out Viacom by offering a higher price for the website, and the purchase was seen as a good investment at the time.

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In July 2011, News Corporation Corp closed down the News Corporation of the World newspaper in the United Kingdom due to allegations of phone hackings.

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NDS had originally been set up to provide security to News Corporation Corp's pay TV interests but emails obtained by Fairfax Media revealed they had pursued a wider agenda by distributing the keys to rival set-top box operators and seeking to obtain phone records of suspected rivals.

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The present News Corporation, which retains most of its media properties and Murdoch as CEO, was renamed 21st Century Fox.

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News Corporation Corp agreed to sell eight of its television stations to Oak Hill Capital Partners for approximately $1.

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