News Corporation, whose headquarters is located in New York, NY is in the mass media industry. News Corp. not only has a strong footing in the United States newspaper industry with The Wall Street Journal but also influences international news through their ownership of the largest newspapers in the U.K. (The Sun) and Australia (The Australian). The influence of News Corp. does not stop there. They also own FOX Broadcasting Company, which includes not only the FOX news channel in America but also Europe, Africa, Asia, and Latin America, and don’t forget about every station that FOX Broadcasting owns that all fall under the authority of News Corp. The reach of News Corp., like the other big 5 corporations appears to be limitless, spanning across the television, film, and publishing industry while also infiltrating the entertainment and online sector.
Below is an ownership map of the majority of companies that fall under the umbrella of News Corp. For the full list visit Colombia Journalism Review.
TV: FOX Broadcasting Company, FOX Sports, FOX Sports Australia, FOX Television Stations, MyNetworkTVFOX News Channel, FOX Business Network, FOX College Sports, FOX Deportes, FOX Movie Channel, FOX Pan American Sports (33%), FOX Regional Sports Networks, FOX Soccer Channel, FOX Sports Enterprises, FOX Sports Net, Big Ten Network (49%), FSN, FUEL TV, FX, SPEED, STAR, FOX Europe, Africa, Asia and Latin America, FOX MOVIES Asia and Middle East, FOX SPORTS Europe, Africa, and Latin America, National Geographic International Channels (52%).
Print: HarperCollins Publishers (US, UK, New Zealand, India), HarperCollins Children’s Books, the New York Post, the Wall Street Journal, the Times, the Sunday Times, the Sun, 146 newspapers in Australia, Dow Jones,
Entertainment: Fox Filmed Entertainment; Twentieth Century Fox Home Entertainment; Twentieth Century Fox Television; Twentieth Television; Fox Television Studios, Hulu.com (32 percent minority share)
Other: Marketing/advertising: News America Marketing Group; News Outdoor; Fox Library; IGN Entertainment, Inc.; Making Fun, Inc.; Wireless Generation
News Corp. is a conglomerate media company that has tucked inside larger corporations that handle a multitude of different businesses. Rupert Murdoch who is the founder of News Corp. still plays a major role within the company as CEO and Chairman, along with Chase Carey who is the companies President. Both of these men are interlocking directorates who are also on the board for The Directv Group Inc. which is a TV Entertainment Broadcasting company. On June 28, 2012, Rupert Murdoch announced that News Corporation’s assets would be split into two publicly traded companies, one oriented towards media, and the other towards publishing. The present News Corp. was renamed 21st Century Fox and consists primarily of media outlets, while a new News Corp. was formed to take on the publishing division of the company. Since News Corps creation in 1979 it has and will continual to evolve and expand.
News Corp. is a horizontally integrated company through their diverse ownership across numerous types of media from news to entertainment. While News Corp. may be horizontally integrated, many of the companies they own are vertically integrated through the ownership of a single type of media. For example, News Corp. owns HarperCollins Publishers that then owns a number of smaller branches that are all related back to print/publishing media. For News Corp. it is an endless cycle of ownership and profit. It is amazing to me the network, or maybe more descriptive, the web, that News Corp. has created for themselves. They are able to not only influence the news that we watch in America and a number of other counties but also sports converge, the books that are on the shelves and the movies that are created. I am not surprised by the immense size of News Corp., but I am interested to see if the big 6 corporations will reshape our values and expectations in the future and how they will do it.