Timeline: From Adelaide News to WSJ

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1931: Keith Rupert Murdoch, second of four children, is born in Melbourne, Australia on March 11

1953: Murdoch graduates from Worcester College, Oxford. Six months later, he assumes control of News Ltd, left to him by his father, its main asset being the Adelaide News. Takes control of the Sunday Times in Perth, and its sensationalistic style was later adopted by many Murdoch papers

1958: Murdoch gets one of the first two broadcast licences in Adelaide, and goes on the hunt for content for his Southern Television Corp in New York and Los Angeles

1960: Murdoch moves to the national stage in Australia, buying Sydney’s Daily Mirror and Sunday Mirror

1964: News Ltd launches the first newspaper created by Murdoch, the Australian, the country’s first national daily

1967: Marries Anna Tory, after divorce from first wife Patricia

1969: Murdoch wins a bidding war against Robert Maxwell for the News of the World in the UK. Buys the Sun and relaunches it as a tabloid.

1973: Enters US, purchasing the San Antonio Express and the San Antonio News

1976: Buys New York Post from Dorothy Schiff for $30m

1979: News Corp is reorganised as a holding company with Australian, British and US arms

1981: Purchases Times and Sunday Times

1983: Big year for deals. Acquires Chicago Sun-Times. Enters satellite television market. An ambitious venture called Skyband is later ditched with a $20m loss. Buys the UK’s Satellite Television, renaming it Sky. Takes a 6.7 per cent stake in Warner Communications.

1985: Buys 50 per cent of 20th Century Fox Film Corp. Sworn in as a US citizen, necessary to buy US television assets.

1986: Sells the Chicago Sun-Times. Buys Metromedia for $1.9bn, which includes six television stations in New York, Los Angeles, Chicago, Dallas, Houston and Washington. These stations backbone for Fox Television network. Murdoch takes on British print unions, moving newspaper operations to Wapping after a violent battle, transforming British newspaper industry

1988: New York Post is sold

1989: Launches Sky Television in the UK. Merges book publishers to form HarperCollins

1990: Debts of $7bn trigger near bankruptcy and threaten Murdoch’s control of News Corp

1993: Reaquires New York Post. Begins Asian investments, buying 64 per cent of Star TV for $525m. Star TV acquires 49.9 per cent stake in Zee TV, India’s Hindi channel

1994: Fox Television expanded after New World’s 12 major market stations switch affliliations to Fox after Murdoch buys a 20 per cent stake. The initial public offering of BskyB in the UK nets News Corp $1.3bn

1995: Numerous deals to develop sports and children’s programming, including with John Malone’s Liberty Media and Saban Entertainment

1996: Launch of Fox News Channel, 24-hour all-news cable channel

1997: News Corp and Fox acquire remaining 80 per cent of New World

1998: Initial public offering of Fox Entertainment Group raises $2.8bn

1999: Marries third wife Wendi Deng

2000: Sky Global Networks is formed to create global satellite network including in UK and Latin America. Fox Television Stations acquires 10 stations for $5.35bn, giving Fox unmatched presence in largest US television markets

2003: Acquisition of 34 per cent of Hughes Electronics, owner of US satellite broadcaster DirecTV, for $6.6bn in cash and stock following a decade-long battle to gain a presence in US satellite

2004: News Corp moved to US incorporation from Australia. John Malone’s Liberty Media builds up 18 per cent voting stake in News Corp. Murdoch, with a 29.5 per cent family stake, introduces a “poison pill” to avoid a possible takeover

2005: Murdoch embraces the internet, buying MySpace parent Intermix Media for $580m, Scout Media for $60m and IGN Entertainment for $650m

2006: Murdoch agrees to sell his 34 per cent DirecTV stake to Malone, buying back his News Corp voting shares. Once this is completed in 2007, the Murdoch family stake in News Corp will rise to 40 per cent of the voting shares

2007: Buys Wall Street Journal’s parent, Dow Jones, for $5bn

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