Indianapolis Enterprise Journal
It was additionally famous that the stations themselves had been owned by a separate company whose chief shareholder was a U.S. citizen, Murdoch, though practically all of the stations’ fairness was managed by News Corp. In the same yr, News Corporation introduced a deal with MCI Communications to develop a serious news web site in addition to funding a conservative news journal, The Weekly Standard. In the identical 12 months, News Corp launched the Foxtel pay television community in Australia in a partnership with Telstra and Publishing and Broadcasting Limited. On July 17, 1996, News Corporation acquired New World Communications and was completed on January 22, 1997. In October 1996, the Fox Entertainment Group established the Fox News Channel, a 24-hour Cable News community to compete towards Time Warner’s rival channel CNN. Websitenewscorp.com on the Wayback Machine The original incarnation of News Corporation (abbreviated News Corp.) was an American multinational mass media company operated and owned by media mogul Rupert Murdoch and headquartered in New York City. Prior to its cut up in 2013, it was the world’s fourth-largest media group by way of income, and News Corporation had turn into a media powerhouse since its inception, almost dominating the …