Rupert Murdoch's Career: From Inheritance to Global Empire

Rupert Murdoch, an Australian media mogul, inherited News Corp Australia in 1952 at the age of 21. With keen business instincts, he saved the company from financial trouble by selling key assets and focusing on a small newspaper called "the news." This success led to expanding his empire by acquiring publications like the Daily Mirror, launching the national newspaper The Australian, and acquiring the Sun and News of the World in the UK. In the 1980s and 1990s, Murdoch ventured into broadcasting and book publishing, acquiring 20th Century Fox and launching Sky TV. His empire grew rapidly, resulting in the creation of Fox Television Group, Fox Sports, and Fox Broadcasting. Murdoch's media properties reported sensational news, popularizing the concept of tabloids. In recent years, he has faced criticism for promoting misinformation and holding climate change skepticism. The future of his empire lies in the hands of his eldest son, Lachlan, who will assume the post of Chairman for both Fox and News Corp.