News corporation, owned by Rupert Murdoch, Is one of the worlds largest Media conglomerates. A Media conglomerate is a company or organisation that owns large numbers of companies, or has shares in them, through out various mass media types.
Their revenue from 2012 was $33.706 billion from over 800 owned companies. Some of the most well known companies it owns are FOX and all its broadcast subsidiaries, Harper Collins publishing, BSkyB, ITN and the New York Post.
It was created by Rupert Murdoch in 1979 as a holding company for the Australian company News Limited (a holding company is a company that holds another outstanding stock, which means that rather than produce products it owns other companies, or has shares in them, that do). Over the years it has grown a very large amount, from its first purchase of San Antonio express news to its current state as News Corp, owning production companies like FOX and newspapers like the Times.
It also owns Harper Collins, one of the largest publishing companies in the world. The company is the result of a merger of Harper & Row and William Collins, two publishers bought by Murdoch for news corp.
They recently bought Dow Jones & Company for around $5 billion, which gave them control of the Wall Street journal, their main publication world wide.
Since June 2013, News Corporation has split into two new companies, News Corp. and 21st century fox. News Corp owns most of the news distribution and broadcast companies, whilst 21st Century Fox owns the movie and TV studios and producers.
Robin H Parker 