News corporation
News Corporation (NWS) is a multinational media conglomerate that was founded in 1979 by Rupert Murdoch. The company is headquartered in New York City and is one of the largest media companies in the world.
News Corporation was formed through the merger of several smaller media companies, including the Australian newspaper company, The Herald and Weekly Times, and the American publishing company, Harper & Row. The company's initial focus was on publishing newspapers and magazines, but it has since expanded to include television and film production, as well as digital media.
News Corporation is known for its diverse portfolio of media properties, which include:
- The Wall Street Journal: A leading international financial newspaper.
- The New York Post: A daily newspaper in New York City.
- HarperCollins Publishers: A major book publisher.
- 20th Century Fox: A film and television production company.
- Fox News Channel: A 24-hour cable news channel.
- Fox Sports: A network of sports channels.
- The Times of London: A British national newspaper.
- The Sun: A British tabloid newspaper.
In 2013, News Corporation split into two separate companies: News Corp and 21st Century Fox. News Corp retained the company's publishing assets, including the Wall Street Journal and HarperCollins, while 21st Century Fox retained the company's television and film assets, including the Fox News Channel and 20th Century Fox.
News Corporation has been involved in several controversies over the years, including allegations of phone hacking and bribery at its British newspapers, as well as criticism of its coverage of certain issues, such as climate change and politics.
In 2020, News Corp announced that it would be acquiring the publisher of The Times of London and The Sunday Times, News UK, from Rupert Murdoch's son, James Murdoch. The deal was valued at £220 million and marked a significant expansion of News Corp's presence in the UK.
Today, News Corporation is a global media company with a diverse portfolio of assets and a significant presence in the United States, the United Kingdom, and other countries around the world.