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Murdoch’s World by David Folkenflik

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22

“WE ARE JUDGED BY OUR ACTS”

RUPERT MURDOCH structured the split of his companies around the geography of his holdings and the psychology of his children. ShitCo, the publishing half, included all the newspapers, the book publisher HarperCollins, and the new educational division, Amplify. It also encompassed News Corp’s Australian television holdings, which were significant and growing. The company had never attained the television profile in Australia that it achieved in the UK or the US. But it paid $2.2 billion to roughly double its stakes in FoxTel, the nation’s leading private cable and satellite television provider, and in Fox Sports Australia. ...

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