Word: murdochs
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...waves with the launching of Australian Women's Weekly, today the country's top-circulation weekly magazine. He went on to build a profitable publishing and television conglomerate and in 1972 sold his two largest newspapers, the Sydney Daily Telegraph and Sunday Telegraph, to his archrival, Rupert Murdoch, for $20 million. Once an amateur heavyweight boxing champion, Packer was combative, even ruthless, in his business dealings. He described his unsuccessful bids for the yachting America's Cup in 1962 and 1970 as prompted by "an excess of champagne and delusions of grandeur...
With an opening press run of 1.5 million, to be distributed initially in the Northeast and parts of the Midwest, the Star represents a major invasion by Australian Publishing Baron Rupert Murdoch. Now 42, Murdoch inherited a small Australian daily from his father in 1953 and built it into a worldwide publishing empire: eleven magazines and more than 80 newspapers in Australia, New Zealand and Great Britain. Murdoch's major acquisitions include Britain's Peeping-Tom Sunday News of the World (circ. 6,000,000) and the London Sun (circ. 3,000,000), which was failing until...
...fact, the softspoken, impeccably tailored Murdoch is now far more interesting than the Star itself. He confidently expects to tap a huge audience that others are not reaching. He thinks that most major publications here are aimed "at the rich and the intellectual." "Daily newspapers are limited and local," he says, "and national magazines have to depend on advertising dollars and the opinions of Madison Avenue." He wants the Star to lean almost solely on circulation revenue provided by readers willing to pay a quarter at newsstands or supermarkets...
...gone straight, as middleaged: "It writes about old movie stars, UFOs, health-all legitimate subjects but not of great interest to the young family audience we want." For all its faults, Vol. I, No. 1 of the Star is written with zest; many may find it the "good read" Murdoch wants it to be. The Star's first issues are being put out by a team of veterans from other Murdoch papers and a growing number of American recruits. Murdoch plans a full-time staff of 30, will hire an American editor after the shakedown period is over...
...Where might the owner of the British weekly News of the World (circ. 6,000,000), the daily London Sun (circ. 2,600,000) and the Sydney Sunday Telegraph (circ. 622,000) surface next? Why San Antonio, naturally. Later this month Publishing Baron Rupert Murdoch, 42, will complete his $18 million purchase of the San Antonio morning Express (circ. 84,000) and evening News (circ. 63,000), sister dailies owned by Harte-Hanks Newspapers Inc. The choice of locale might seem odd for the ambitious Australian, who has specialized in reviving faltering papers with heavy doses of crime coverage, cheesecake...