Nov 01 1997

News Corporation

(From “The Global Media Giants,” by Robert W. McChesney, Extra!, November/December 1997) $10 billion – 1996 sales The News Corporation is often identified with its head, Rupert Murdoch, whose family controls some 30 percent of its stock. Murdoch’s goal is for News Corporation to own multiple forms of programming–news, sports, films and children’s shows–and beam them via satellite or TV stations to homes in the United States, Europe, Asia and South America. Viacom CEO Sumner Redstone says of Murdoch that “he basically wants to conquer the world.” And he seems to be doing it. Redstone, Disney CEO Michael Eisner and […]