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BSkyB TakeOver News - Media Institutions in the UK - Update

jeremy | Thursday March 31, 2011

Categories: Key Concepts, Institutions, Intro to Institutions, Censorship & Regulation, Hot Entries, News, More on News, News Ownership

Rupert Murdoch, the man we love to hate, is the Chairman & Chief Executive Officer of the global media empire News Corporation often known as News Corp. It is the world’s third-largest media conglomerate behind The Walt Disney Company and Time Warner. 

News Corporation is a publicly traded company listed on the US NASDAQ, with secondary listings on the Australian Securities Exchange.  At present, News Corporation is headquartered at 1211 Avenue of the Americas (Sixth Ave.), in New York City, in the newer 1960s-1970s corridor of the Rockefeller Center complex (Wiki). According to US magazine Businessweek, “his satellites deliver TV programs in five continents, all but dominating Britain, Italy, and wide swaths of Asia and the Middle East.

He publishes 175 newspapers, including the New York Post and The Times of London. In the U.S., he owns the Twentieth Century Fox Studio, Fox Network, and 35 TV stations that reach more than 40% of the country…His cable channels include fast-growing Fox News, and 19 regional sports channels. In all, as many as one in five American homes at any given time will be tuned into a show News Corp. either produced or delivered.”

(http://www.americanprogress.org/issues/2004/07/b122948.html)

Over here in the UK News Corp is about to become Britain’s largest media company dwarfing the BBC and other media groups. The takeover of BSkyB means it will have the financial resources and technology to meet the challenges of the digital age, including the decline of newspapers in their printed form and the rise of powerful online media groups such as Google and Apple who are offering alternative news, video streaming, and internet access via the TV set. 

So what is the problem with Murdoch?

He is perceived through News Corp to have too much power – political, financial and social and more so in America than here. The urban myth is that he won the election for Margaret Thatcher in 1979 through the Sun’s...


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