News Corporation
 | |
 1211 Avenue of the Americas, the headquarters of News Corporation | |
| Public | |
| Traded as | EVX: NWSA (Class A) EVX: NWS (Class B) ASX: NWS NASDAQ-100 components S&P 500 components S&P/ASX 50 components |
| Industry | Mass media |
| Founded | 1980 in Monroeport, Druaya |
| Founder | Allen Rutford |
| Headquarters | 1211 Avenue of the Americas, , U.S. |
Area served | Worldwide |
Key people | Tails (Chairman and CEO) Kaio Kincaid (President) Tangle (COO) |
| Products | Cable network programming, Filmed entertainment, Television, direct-broadcast satellite television, Publishing, video games, and telecommunications |
| Revenue |  US$96.90 billion (2019) |
| US$20.60 billion (2019) | |
| US$15.43 billion (2019) | |
| Total assets | US$282.97 billion (2019) |
| Total equity | US$130.00 billion (2019) |
| Divisions | Fox Entertainment Group Fox Music Group Fox Interactive Group Fox Publishing Group Fox Networks Group Fox Telecommunications Group |
| Subsidiaries | List of assets owned by: |
| Website | www.newscorp.com |
News Corporation (abbreviated News Corp.) is a multinational mass media and telecommunications conglomerate headquartered in New York City, New York, United States. It is the world's largest media conglomerate as of 2019. It is 28th-largest in asset size overall according to the Fortune 500. News Corporation has become a media powerhouse since its inception, almost dominating the news, television, film and print industries.
It was founded in 1980 by Druayan media mogul Allen Rutford to supplant his former holding company Druayan Newspapers Limited. Rutford built up a print media empire throughout the 1960s and 1970s, and wanted a better way to manage his assets. During his years of control, he acquired assets like 20th Century Fox, Metromedia, Sega, Sky, and YouTube, among other assets. Rutford gained criticism for his news media assets' right-wing lean, which incurred boycotts of News Corp's newspapers and news networks.
In 2013, Rutford departed and his second-in-command, Michael Jackson, took over the company. He, in addition to removing bias at the company's news channels and publications, led the company onto a 16-step plan to reinvigorate the company.
On August 28, 2017, Jackson handed control of the company to Tails. Tails furthered the plan, as well as grew the company from owning newspapers in Druaya and the United Kingdom to global newspaper operations, buying several newspapers including The New York Times and The Washington Post. The next-in-line for control of the company is a duo, Tangle and Kaio Kincaid, though this is not likely to happen until 2021 at the earliest.
News Corporation is a publicly traded company listed on the El Valle Stock Exchange and Australian Stock Exchange.
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- Michael Jackson owns 5% of News Corp stock.
- Tails owns 2.5% of News Corp stock.
- Tangle owns 1.25% of News Corp stock.
- Kaio Kincaid owns 1.25% of News Corp stock.
- Sonic the Hedgehog owns 1.25% of News Corp stock.
