Know about ownership and funding in the television and film industriesJAI SUNNER

Introduction (News Corporation)

News Corporation (officially referred to as New News Corp; trading as News Corp) is an American multinational mass media company, formed as a spin-off of the former News Corporation (as founded by Rupert Murdoch in 1979) focusing on newspapers and publishing.

In this presentation I will be talking to you about News Corporation and explain the key assets, different businesses owned by news corp and cross media ownership.

Ownership and Funding

Ownership within TV and Film industries is an individual or a group who owns and controls a media organisation. An example of this would be Public Service Broadcasting.

Public Service Broadcasting companies are owned by the local government and they are funded by the public through TV license fees. For example the BBC is funded by the public paying their TV license every year which is £145.50

In terms of the TV and film industry, funding is how a company or an organisation is paid for; an example of this would be the big boxing pay per views like Mayweather vs Pacquiao as viewers had to subscribe to the channel to watch it.

The Chairman and Chief Executive’s Role

Rupert Murdoch is the founder and head of News Corporation, a global media conglomerate. He created FOX Broadcasting Company in 1986. Murdoch was previously Chairman and CEO of News Corporation prior to the company’s separation into two distinct, publicly traded companies in 2013.

News Corporation- Funding

The new News Corp's first quarterly financial report since being spun off as a publishing group produced a net profit of $38 million.

News Corp take three quarters of their revenue from the newspapers they sell.

Murdoch gets over half of its revenue from outside the US, this shows that the newspapers that sell around the world for example in UK and Australia make the most money.

Rupert Murdoch

In 1954, Mr. Murdoch took control of News Limited, an Australian-based public corporation whose only key asset at the time was a majority interest in the number-two daily newspaper in Adelaide, South Australia.

Since then Mr. Murdoch oversaw the development of News Corporation into the most international of media businesses in the world at this minute.

Robert Thompson (chief executive)

Robert Thomson also named as ‘Rupert Murdoch Best Friend’ is an Australian journalist and the Chief Executive of News Corp, a role he assumed in January 2013. He is the former managing editor of the Wall Street Journal, which is a post he held since May 2008.

He is former editor of The Times newspaper in London. He became Chief Executive in the year 2013.

Cross Media Ownership

Media cross-ownership is the ownership of multiple media businesses by a person or corporation. These businesses can include broadcast and cable television, films, radios etc.

News Corporation was split into two separate companies on June 28, 2013, with publishing assets and Australian media assets going to New News Corp, and broadcasting and media assets going to 21st Century Fox. Both companies remain under the control of Rupert Murdoch.

Different Businesses Owned By News Corp

Above are the different assets owned by news corp, they are also in link with other companies such as ‘News America Marketing and Move’.

News Corp own different types of media platforms for example News Americas Marketing is a marketing business which publishes ‘SMART’ source magazines which offers promotions and coupons delivered in the United States.

Comparing this to the company ‘MOVE’ is a completely different platform as this is a real estate agent business which provides buyers, sellers and renters of homes with the information, tools and professional knowledge they need to discover and create their homes. This shows that they have different links in different types of business industries.

Examples of Key Assets (THE SUN)

Murdoch's News Corp owns various different businesses, a lot that are famous worldwide. THE SUN is an example of one newspaper that is highly populated in the UK.

The Sun had the largest circulation of any daily newspaper in the United Kingdom, but in late 2013 slipped to second largest Saturday newspaper behind the Daily Mail, It had an average daily circulation of 2.2 million copies in March 2014.

Examples of Key Assets(NEW YORK POST)

The New York Post is an American daily newspaper, primarily distributed in New York City and its surrounding area. It is the 13th-oldest and seventh most widely circulated newspaper in the United States.

Established in 1801 In 1976, Rupert Murdoch bought the post for US$30.5 million Since 1993, the Post has been owned by News Corporation and

its successor, News Corp, which had owned it previously from 1976 to 1988.