Word: australian-born
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Some London business analysts question whether his interest in the Daily News will outlast the first heady gust of publicity. Others think he is determined to succeed where his archrival, Australian-born media mogul Rupert Murdoch, failed. Murdoch, who bested Maxwell in London to buy the Sun, News of the World and the august Times, burst onto the New York scene by acquiring the tabloid Post in 1976. During the next 12 years, Murdoch lost $150 million before being legally compelled to sell because he also owned a local TV station...
...years he was one of Britain's most respected newspaper editors, first of the Sunday Times of London and then of the daily Times. But in 1982 Harold Evans was forced out after a much publicized clash with the paper's new owner, Australian-born press mogul Rupert Murdoch. Last week the media wheel of fortune took an ironic turn. In a shake-up that had the New York City publishing world abuzz, Evans was named publisher of Random House, the nation's largest producer of trade books. Among his first assignments: editing the memoirs of Rupert Murdoch...
Those days, however, are swiftly becoming a memory. Last September TV Guide's parent company, Triangle Publications, was sold by Walter Annenberg to Australian-born press magnate Rupert Murdoch for $3 billion. Murdoch, whose worldwide properties range from tabloids like the Star to the London Times, has instigated some wrenching changes in the familiar coffee-table companion...
...growing global consolidation in the communications business and by the many foreign acquisitions of American companies. In recent years, West Germany's Bertelsmann bought RCA Records and the Doubleday and Bantam Books publishing houses; Britain's Robert Maxwell took over Macmillan publishers; Japan's Sony acquired CBS Records; and Australian-born Murdoch (now a U.S. citizen) accumulated newspapers, magazines, a movie studio and a TV network. Said Time's Munro: "We see Maxwell, Murdoch, Bertelsmann and Sony coming into our market and raising hell, and we see this ((merger)) as an opportunity for an American company to get competitive...
...magazines and a daily racing-tip sheet be worth billions of dollars? Maybe so, if the buyer is Keith Rupert Murdoch. Last week the Australian-born press baron agreed to buy Triangle Publications, which puts out TV Guide (circ. 17.1 million), the Daily Racing Form (123,000) and Seventeen (1.9 million), from Walter Annenberg, the California businessman and philanthropist, for $3 billion. While TV Guide may be the undisputed king of television listings and boast the largest circulation of any U.S. magazine, media experts concur that Murdoch is paying a premium price that will add to his already considerable debt...