# News Corp

> American multinational mass media company (2013-)

**Wikidata**: [Q14289857](https://www.wikidata.org/wiki/Q14289857)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/News_Corp)  
**Source**: https://4ort.xyz/entity/news-corp

## Summary

News Corp is a corporation founded on January 1, 2013, with its headquarters in New York City [1][2][3][1][4][5][6][7][8]. It was established by Rupert Murdoch [9] and operates in the journalism and mass media industry [4]. Robert James Thomson serves as the CEO of the organization [4]. News Corp produces newspapers as one of its primary products [10].

## Summary
News Corp is an American multinational mass media company founded in 2013 as a successor to the original News Corporation. It operates as a publicly traded entity, owning major publications, television networks, and digital media platforms, including *The Wall Street Journal*, Fox News, and HarperCollins. Headquartered in New York City, it is a leading global media conglomerate with significant influence in news, entertainment, and publishing.

## Key Facts
- **Founded**: June 28, 2013, as a restructuring of the original News Corporation (1980–2013)
- **Founder**: Rupert Murdoch
- **Headquarters**: 1211 Avenue of the Americas, New York City, U.S.
- **Industry**: Mass media, publishing, broadcasting, entertainment
- **Subsidiaries**: *The Wall Street Journal*, Fox News, HarperCollins, Storyful, Dow Jones & Company, News UK, News Corp Australia
- **Revenue (2023)**: $8.292 billion
- **Net Profit (2023)**: $250 million
- **Total Assets (2023)**: $15.483 billion
- **Employees**: Approximately 9,000 (2023)
- **Stock Exchange**: Listed on the NASDAQ under ticker symbol NWSA
- **LEI**: 549300ITS31QK8VRBQ14
- **ISIN**: US65249B1098
- **Website**: [newscorp.com](https://newscorp.com)
- **Predecessor**: News Corporation (1980–2013)
- **Successor Entities**: 21st Century Fox (2013–2019), Fox Corporation (2019–present)
- **Key Publications**: *The Times* (UK), *The Sun* (UK), *New York Post*
- **Notable Acquisitions**: Dow Jones & Company (2007), Storyful (2013)
- **Awards**: Pulitzer Prize for Public Service (via *The Wall Street Journal*)
- **Affiliations**: Associated Press, Reuters Institute for the Study of Journalism

## FAQs
**What is News Corp, and when was it founded?**  
News Corp is an American multinational mass media company founded on June 28, 2013, as a restructuring of the original News Corporation. It operates as a publicly traded entity focused on publishing and broadcasting.

**What are News Corp's major subsidiaries and holdings?**  
Key subsidiaries include *The Wall Street Journal*, Fox News, HarperCollins, Dow Jones & Company, and Storyful. It also owns major newspapers like *The Times* (UK) and *The Sun* (UK).

**Who founded News Corp, and what is its relationship to Rupert Murdoch?**  
News Corp was founded by Rupert Murdoch, who serves as its chairman. It is a successor to the original News Corporation, which Murdoch established in 1980.

**What distinguishes News Corp from its predecessor, News Corporation?**  
News Corp focuses on publishing and news media, while its predecessor included entertainment assets like 20th Century Fox, which were spun off into 21st Century Fox (later acquired by Disney).

**What is News Corp's financial performance and market presence?**  
In 2023, News Corp reported $8.292 billion in revenue, $250 million in net profit, and $15.483 billion in total assets. It is listed on the NASDAQ under the ticker symbol NWSA.

**What awards and recognitions has News Corp received?**  
*The Wall Street Journal*, a subsidiary of News Corp, has won the Pulitzer Prize for Public Service, among other awards, recognizing its journalistic excellence.

## Why It Matters
News Corp is a pivotal player in the global media landscape, shaping public discourse through its ownership of influential news outlets like *The Wall Street Journal* and Fox News. Its publishing arm, HarperCollins, is a major force in book publishing, while Dow Jones & Company provides critical financial data and indices. The company's restructuring in 2013 reflects the evolving media industry, separating publishing from entertainment assets. News Corp's commitment to journalism and its diverse portfolio make it a cornerstone of modern media, influencing politics, finance, and culture worldwide.

## Notable For
- **Global Media Influence**: Owns iconic brands like *The Wall Street Journal* and Fox News, shaping global news narratives.
- **Publishing Legacy**: HarperCollins is one of the "Big Five" English-language publishers, with a catalog including J.R.R. Tolkien and Agatha Christie.
- **Financial Data Leadership**: Dow Jones & Company creates the Dow Jones Industrial Average, a benchmark for U.S. stock market performance.
- **Digital Innovation**: Acquired Storyful in 2013, a pioneer in social media news verification and intelligence.
- **Awards and Recognition**: Pulitzer Prize-winning journalism through *The Wall Street Journal*.
- **Corporate Restructuring**: Successfully navigated the separation of publishing and entertainment assets, ensuring focused growth in core media sectors.

## Body

### History and Restructuring
News Corp was established on June 28, 2013, as part of a corporate restructuring of the original News Corporation, founded by Rupert Murdoch in 1980. This restructuring separated the company's publishing and entertainment assets, with News Corp focusing on news, education, and information services, while 21st Century Fox retained film and television assets. The move reflected the diverging trajectories of traditional publishing and digital media in the 21st century.

### Leadership and Ownership
Rupert Murdoch serves as the chairman of News Corp, maintaining significant influence over the company's strategic direction. As of 2023, the company employs approximately 9,000 people globally, with operations spanning the United States, the United Kingdom, Australia, and Asia. News Corp is publicly traded on the NASDAQ under the ticker symbol NWSA, with a market capitalization reflecting its diversified media holdings.

### Subsidiaries and Holdings
- **The Wall Street Journal**: A flagship subsidiary and one of the world's leading financial newspapers, known for Pulitzer Prize-winning investigative journalism.
- **Fox News**: A major American cable news channel, launched in 1996, which revolutionized political media discourse in the U.S.
- **HarperCollins**: A global book publisher with a diverse catalog, including works by J.R.R. Tolkien, Agatha Christie, and contemporary authors.
- **Dow Jones & Company**: Provides financial news and data, including the Dow Jones Industrial Average, a key stock market index.
- **Storyful**: Acquired in 2013, Storyful specializes in social media news verification and intelligence, supporting News Corp's digital journalism efforts.

### Financial Performance
In 2023, News Corp reported $8.292 billion in revenue, with a net profit of $250 million and total assets of $15.483 billion. The company's financial health is bolstered by its diversified revenue streams, including subscription models for *The Wall Street Journal* and HarperCollins' publishing revenues.

### Geopolitical and Cultural Impact
News Corp's media outlets play a significant role in shaping political and financial discourse globally. *The Wall Street Journal* influences economic policy debates, while Fox News is a major platform for conservative political commentary in the U.S. The company's international holdings, such as *The Times* (UK) and *The Sun* (UK), reflect its adaptability to diverse markets and audiences.

### Digital Transformation
News Corp has invested in digital innovation, as seen in its acquisition of Storyful and the development of online platforms for *The Wall Street Journal*. These efforts demonstrate the company's commitment to evolving with technological advancements while maintaining its core journalistic mission.

### Challenges and Controversies
Like other media conglomerates, News Corp faces challenges from the rise of digital media, including declining print revenues and competition from online news sources. The company has navigated these challenges through strategic acquisitions and a focus on subscription-based models, ensuring sustained relevance in a rapidly changing media landscape.

### Related Entities and Collaborations
News Corp collaborates with organizations such as the Associated Press and the Reuters Institute for the Study of Journalism, underscoring its commitment to journalistic excellence. Its subsidiaries, including Dow Jones & Company, maintain partnerships with financial institutions and academic entities, reinforcing its role as a trusted provider of business and financial information.

### Cultural and Historical Significance
As a successor to the original News Corporation, News Corp carries forward a legacy of media innovation and consolidation. Rupert Murdoch's vision of a vertically integrated media empire continues to shape the company's strategy, emphasizing the importance of journalism, publishing, and broadcasting in democratic societies. News Corp's influence extends beyond media, impacting politics, finance, and culture through its diverse holdings and global reach.

## References

1. [GRID](https://www.grid.ac/institutes/grid.467326.2)
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