James Murdoch | |
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Born | James Rupert Jacob Murdoch 13 December 1972 |
Citizenship |
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Education | Harvard University (dropped out) |
Board member of | Tesla, Inc. |
Spouse | Kathryn Hufschmid (m. 2000) |
Children | 3 |
Parents | |
Family | Murdoch |
James Rupert Jacob Murdoch (born 13 December 1972) is a British-American businessman. [1] He is the younger son of media mogul Rupert Murdoch and the former chief executive officer (CEO) of 21st Century Fox from 2015 to 2019. [2]
He was the chairman and CEO for Europe and Asia of News Corporation until 2013 when it was split into News Corp and 21st Century Fox. He was formerly a director of News Corp and was a member of the office of the chairman. [3] [4]
Until April 2012, [5] he was the chairman and CEO of Sky plc, Europe and Asia, where he oversaw assets such as News International (British newspapers; publisher of The News of the World newspaper), Sky Italia (satellite television in Italy), Sky Deutschland, and STAR TV (satellite television in Asia).
He was executive chairman of News International from 2007 [6] until February 2012. [7] He previously held a non-executive chair at British Sky Broadcasting, in which News Corporation had a controlling minority stake. In April 2012, he was forced to resign as chairman of BSkyB in the wake of the ongoing phone hacking scandal, in which he was implicated. [8] He was reappointed chairman of the company following its merger with its Italian and German sister companies to form Sky plc.
He was formerly an executive vice-president of News Corporation (the controlling shareholder of BSkyB) and served on the board of directors of News Datacom and of News Corporation. [9]
In May 2012, a highly critical UK Parliamentary report said that Murdoch "showed wilful ignorance of the extent of phone-hacking" and found him "guilty of an astonishing lack of curiosity" over the issue. [10] It went on to say that both Murdoch and his father, Rupert, "should ultimately be prepared to take responsibility" for wrongdoing at the News of the World and News International. [11]
Murdoch was born at Wimbledon Hospital in Wimbledon, London, England. [12] He is the fourth child of billionaire media mogul Rupert Murdoch's six children, and the third with Scottish-born journalist and author Anna Murdoch Mann (née Torv). [13]
As a youngster James was regarded as the brightest of the Murdoch children, but also considered something of a rebel. [9] He first came to public notice as a 15-year-old intern at the Sydney Daily Mirror but made headlines in the rival The Sydney Morning Herald after he was photographed asleep on a sofa at a press conference. [9]
Murdoch attended Horace Mann School in New York City [9] and graduated in 1991. He then studied film and history at Harvard University, where he was a member of the Harvard Lampoon . He dropped out of university in 1995 without completing his studies. [9] With university friends Brian Brater and Jarret Myer, he backed the establishment of Rawkus Records, an independent hip hop record label. The company was bought by News Corporation in 1998. [9]
In 1996, Murdoch joined News Corporation and was appointed chairman of Festival Records. He took charge of News Corporation's internet operations, where he invested in a series of ventures, including financial website TheStreet and the short-lived online music site Whammo, with mixed results. [9] He also continued to contribute cartoons to US magazine Gear.
He is credited with sparking his father's interest in the internet, and he reportedly tried to persuade his father to buy internet company PointCast for US$450 million. It was subsequently sold to another company for $7 million. [9]
After installing a new management team at Festival, Murdoch purchased the controlling 51% share of Mushroom Records in 1999, and the merged group was rebranded as Festival Mushroom Records (FMR). [14] It was at first thought that News Corporation might use FMR as the foundation of a new international entertainment company, but FMR struggled while Murdoch was in charge and after his departure its fortunes declined rapidly. FMR was closed in late 2005 and its remaining assets were sold: the recording catalogue was sold to the Australian division of Warner Music for A$10 million in October 2005, and the publishing division was sold to Michael Gudinski a month later, for an undisclosed sum. [15]
In May 2000, Murdoch was appointed chairman and chief executive of News Corporation's ailing Asian satellite service Star Television, which at the time was losing £100 million a year, and he moved to Hong Kong. [9]
In February 2003, Murdoch became a director of BSkyB. Later that year, he controversially became CEO of BSkyB, in which News Corporation owns a controlling minority stake. His appointment sparked accusations of nepotism, with some commentators and shareholders feeling that the job had not been opened to outsiders and that Murdoch was too young and inexperienced to run one of the UK's top companies [16] (upon appointment he was by far the youngest chief executive of a FTSE 100 company).
Following the surprise resignation of his brother Lachlan Murdoch from his executive positions at News Corporation in July 2005, James was viewed as his father's heir-apparent. [17]
In December 2007, Murdoch stepped down as CEO from BSkyB and was appointed non-executive chairman of the company (a position formerly held by his father, Rupert). [18]
In a related announcement, Murdoch also took "direct responsibility for the strategic and operational development of News Corporation's television, newspaper, and related digital assets in Europe, Asia, and the Middle East." [19] This included holdings such as News International, Sky Italia, STAR Group ltd and possibly other News Corporation related assets. He was based at News International's headquarters in Wapping, East London.
In February 2009, Murdoch was appointed a non-executive director with the British pharmaceutical company GlaxoSmithKline. [20]
In August 2009, Murdoch delivered the MacTaggart Memorial Lecture at the Edinburgh International Television Festival, in which he attacked the BBC and UK media regulator Ofcom calling the BBC's expansion "chilling" and also said: "In this all-media marketplace, the expansion of state-sponsored journalism is a threat to the plurality and independence of news provision, which are so important for our democracy." [17] [21] The BBC chairman, Sir Michael Lyons officially responded, "We have to be careful not to reduce the whole of broadcasting to some simple economic transactions. The BBC's public purposes stress the importance of the well-tested principles of educating and informing, and an impartial contribution to debate in the UK." [22]
In April 2010, Murdoch and his associate Rebekah Brooks entered the offices of The Independent to complain about an advertisement campaign by the newspaper. [23] The advertisement read, "Rupert Murdoch won't decide this election—you will."
In April 2014, it was announced that Murdoch would join the board of advertising start-up True[X] Media. [24]
In June 2015, his father, Rupert, announced that he would be leaving his position as CEO of 21st Century Fox and James would take over the position. [25]
In January 2016, Murdoch became the chairman of Sky, Britain's subscription broadcaster. [26]
In July 2017, Murdoch became an independent director on the board of Tesla. [27]
In October 2018, Murdoch left Sky after Comcast took the majority control of the company. [28]
In March 2019, 21st Century Fox was sold to The Walt Disney Company, ending Murdoch's tenure as CEO. [29]
In July 2020, Murdoch resigned from the board of directors of News Corp. His resignation letter stated that his resignation was "due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions". [4] [30] [31]
In 2021, Murdoch set up the Indian arm of his family office, Lupa Systems India, as a joint venture with businessman Uday Shankar. [32] The aim of the joint venture was to focus on media, education, and the healthcare sectors in Asia, particularly India. In May 2022, Lupa India (renamed to Bodhi Tree Systems) announced a $600 million investment in the test-prep company Allen Career Institute Private Limited for a 36% stake, and completed the deal in July. [33] In April 2023, Bodhi Tree acquired a 13% stake in the Reliance-owned media and entertainment company, Viacom18, and subsequently increased it to 16% by August 2023. [34] In February 2024, Viacom18 and Disney-Star India entered into a joint venture to form an $8.5 billion entity. [35]
On 7 July 2011, James Murdoch announced the closure of the British tabloid newspaper the News of the World in the wake of a phone hacking scandal. [36]
On 19 July 2011, along with his father, Rupert, he appeared at a hearing of the Commons Culture, Media and Sport Committee. He appeared once again before the same committee on 10 November 2011. James maintained that until late in 2010 he was unaware that more than one "rogue reporter" from the News of the World tabloid had been involved in phone hacking. [37] This statement was challenged by the formal legal manager and editor for the newspaper, who claimed they had informed James of the "Transcript for Neville" email, a potential "smoking gun" indicating several of the newspaper's journalists may have been involved, during the settlement negotiations with Gorden Taylor in 2008 and alerted him to the potential liability if this document became public.
On 22 July 2011, Britain's prime minister, David Cameron, said that Murdoch has "questions to answer in Parliament," a day after former top executives of the News of the World accused the News Corporation executive of giving "mistaken" evidence. [38]
In November 2011, British newspapers reported that Murdoch had resigned as chairman of News Group Newspapers, the holding company above The Sun , News of the World and Times Newspapers Ltd, itself owner of The Times and The Sunday Times . News Group Newspapers is the company subject to a series of lawsuits, all related to the phone hacking scandal. James Murdoch's resignation was also said to be related to the 12 October 2011 resignation[ clarification needed ] of another Dow Jones executive, Andrew Langhoff, after a company whistleblower revealed an editorial scam and questionable circulation dealings at The Wall Street Journal Europe . [39] [40]
In February 2012, News Corp announced that Murdoch would be stepping down as executive chairman of its British newspaper arm. The company said he would remain deputy chief operating officer of News Corp and focus on the company's international TV business, [41] including continued responsibility for BSkyB. [42] He stepped down also from the GlaxoSmithKline board. [43]
In April 2012, he stood down as chairman of BSkyB, but remained on the board. [44] He was replaced as chairman by Nicholas Ferguson.
In September 2012, Murdoch was criticised by the British Office of Communications (Ofcom), which concluded that he "repeatedly fell short of the conduct to be expected of as a chief executive and chairman" and that his lack of action in relation to phone hacking was "difficult to comprehend and ill-judged". [45]
Murdoch married Kathryn Hufschmid in 2000; [46] the couple have three children, Anneka (born 2003), Walter (born 2004), and Emerson (born 2008). Kathryn works for the Clinton Climate Initiative, a charitable foundation set up by the former U.S. president, Bill Clinton in 2006. [13] In 2013, the couple launched Quadrivium Foundation. [47] Murdoch also donated money to the Clinton Foundation, the nonprofit organization run by Chelsea, Bill, and Hillary Clinton. [48]
Murdoch was instrumental in the formation of Sky Procycling and is a keen cyclist himself. [49] He maintains an early morning gym routine and has a black belt in karate. [50] [51]
In 2020, Murdoch and his wife each donated US$615,000 to the Biden campaign. [52]
Murdoch is a British citizen by birth and a naturalised US citizen. He lost Australian citizenship when his father became a US citizen, but he, along with his older full siblings and father, is eligible to reclaim it.
Keith Rupert Murdoch is an Australian-born American business magnate, investor, and media proprietor. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including in the UK, in Australia, in the US, book publisher HarperCollins, and the television broadcasting channels Sky News Australia and Fox News. He was also the owner of Sky, 21st Century Fox, and the now-defunct News of the World. With a net worth of US$21.7 billion as of 2 March 2022, Murdoch is the 31st richest person in the United States and the 71st richest in the world according to Forbes magazine.
Sky Group Limited is a British media and telecommunications conglomerate, which is a subsidiary of the American conglomerate Comcast, and headquartered in Isleworth. It has operations in the United Kingdom, Ireland, Germany, Austria, Switzerland and Italy. Sky is Europe's largest media company and pay-TV broadcaster by revenue, with 23 million subscribers and more than 31,000 employees as of 2019. The company is primarily involved in satellite television, producing and broadcasting. The current CEO is Dana Strong.
The original incarnation of News Corporation was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. Prior to its split in 2013, it was the world's largest media company in terms of total assets and the world's fourth largest media group in terms of revenue. It had become a media powerhouse since its inception, dominating the news, television, film, and print industries.
News Corp UK & Ireland Limited is a British newspaper publisher, and a wholly owned subsidiary of the American mass media conglomerate News Corp. It is the current publisher of The Times, The Sunday Times, and The Sun newspapers; its former publications include the Today, News of the World, and The London Paper newspapers. It was established in February 1981 under the name News International plc. In June 2002, the company name was changed to News International Limited, and on 31 May 2011, to NI Group Limited, and on 26 June 2013 to News UK.
Lachlan Keith Murdoch is an Australian businessman and mass media heir. He is the executive chairman of Nova Entertainment, chairman of News Corp, executive chairman and CEO of Fox Corporation, and the founder of Australian investment company Illyria Pty Ltd.
Rebekah Mary Brooks is a British media executive and former journalist and newspaper editor. She has been chief executive officer of News UK since 2015. She was previously CEO of News International from 2009 to 2011 and was the youngest editor of a British national newspaper at News of the World, from 2000 to 2003, and the first female editor of The Sun, from 2003 to 2009. Brooks married actor Ross Kemp in 2002. They divorced in 2009 and she married former racehorse trainer and author Charlie Brooks.
News Corp Australia is an Australian media conglomerate and wholly owned subsidiary of the American News Corp.
Sir William John Lewis is a British media executive who serves as the publisher and chief executive officer of The Washington Post. He was formerly chief executive of Dow Jones & Company and publisher of The Wall Street Journal. Earlier in his career, he was known as a journalist and then editor.
Leslie Frank Hinton is a British-American journalist, writer and business executive whose career with Rupert Murdoch's News Corporation spanned more than fifty years. Hinton worked in newspapers, magazines and television as a reporter, editor and executive in Australia, the United Kingdom and the United States and became an American citizen in 1986. He was appointed CEO of Dow Jones & Company in December 2007, after its acquisition by News Corp. Hinton has variously been described as Murdoch's "hitman"; one of his "most trusted lieutenants"; and an "astute political operator". He left the company in 2011. His memoir, The Bootle Boy, was published in the UK in May 2018, and in the US under the title An Untidy Life in October of the same year.
The News International phone hacking scandal was a controversy involving the now-defunct News of the World and other British newspapers owned by Rupert Murdoch. Employees of the newspaper engaged in phone hacking, police bribery, and exercising improper influence in the pursuit of stories.
The British media company Sky UK has incurred criticism over the years, much of it centred on overcharging, anti-competitive practices, and the business practices and undue political influence of its one-time majority owner News Corporation.
Thomas Mockridge is the chairman and chief executive officer of Virgin Fibra. Prior to founding the italian-based broadband operator, he has been CEO of Virgin Media until June 2019, CEO of News International until December 2012, and the foundation CEO of Sky Italia until July 2011.
The Chipping Norton set is a group of media, political and show-business acquaintances who have homes near the market town of Chipping Norton in Oxfordshire, England. Chipping Norton is located approximately 75 miles from London. The group gained media attention in the wake of the News International phone hacking scandal, which directly involved members of the group.
The News Corporation scandal involves phone, voicemail, and computer hacking that were allegedly committed over a number of years. The scandal began in the United Kingdom, where the News International phone hacking scandal has to date resulted in the closure of the News of the World newspaper and the resignation of a number of senior members of the Metropolitan Police force.
In mid-2011, out of a series of investigations following up the News of the World royal phone hacking scandal of 2005–2007, a series of related scandals developed surrounding other News Corporation properties—where initially the scandal appeared contained to a single journalist at the News of the World, investigations eventually revealed a much wider pattern of wrongdoing. This led to the closure of the News of the World on 10 July 2011, an apology by Rupert Murdoch in an advertisement in most British national newspapers, and the withdrawing of News Corporation's bid to take over the majority of BSkyB shares it did not own.
The News Corporation takeover bid for BSkyB was a proposed takeover of British Sky Broadcasting (BSkyB) by News Corporation, the media conglomerate of Rupert Murdoch. The bid was launched in June 2010 but was withdrawn in July 2011 following the News International phone hacking scandal. News Corporation already owned 39.1% of BSkyB and held onto its stake following the collapse of the takeover bid. The takeover was an essential part of News Corporation's business strategy, not least as it would have made possible integration with other entities such as Sky Deutschland and Sky Italia. The Guardian went so far as to say that, "Without a full takeover of BSkyB, News Corp's global satellite strategy would look an unco-ordinated mess."
Phone hacking by news organizations became the subject of scandals that raised concerns about illegal acquisition of confidential information by news media organizations in the United Kingdom, the United States and Australia between 1995 and 2012. The scandal had been simmering since 2002 but broke wide open in July 2011 with the disclosure that a murdered teenage girl's mobile phone had been hacked by a newspaper looking for a story. The scandals involved multiple organizations, and include the News of the World royal phone hacking scandal, the News International phone hacking scandal, the 2011 News Corporation scandals, and the Metropolitan Police role in the News International phone hacking scandal.
This is a chronological list of key newspaper articles that made significant new public disclosures about the illegal acquisition of confidential information by news media companies.
Twenty-First Century Fox, Inc., which did business as 21st Century Fox (21CF), also known simply as Fox, was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was one of the two companies formed on June 28, 2013, following a spin-off of the publishing assets of the old News Corporation as News Corp.
News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The company was formed on June 28, 2013, following a spin-off of the media outlets of the original News Corporation as 21st Century Fox (21CF). Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include Dow Jones & Company, which is the publisher of The Wall Street Journal, News UK, publisher of The Sun and The Times, News Corp Australia, REA Group, operator of realestate.com.au, realtor.com, and book publisher HarperCollins.