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So,I know the Murdoch story,he built a small local paper,into a...

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goblues12

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19/05/22

15:18

Post #: 61503849
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Originally posted by freshinvestor93: ↑

Following his father's death, when he was 21, Murdoch returned from Oxford to take charge of what was left of the family business. After liquidation of his father's Herald stake to pay taxes, what was left was News Limited, which had been established in 1923.[21]: 16 Rupert Murdoch turned its Adelaide newspaper, The News, its main asset, into a major success.[26] He began to direct his attention to acquisition and expansion, buying the troubled Sunday Times in Perth, Western Australia (1956) and over the next few years acquiring suburban and provincial newspapers in New South Wales, Queensland, Victoria and the Northern Territory, including the Sydney afternoon tabloid, The Daily Mirror (1960). The Economist describes Murdoch as "inventing the modern tabloid",[30] as he developed a pattern for his newspapers, increasing sports and scandal coverage and adopting eye-catching headlines.[5]

Papers being the media of choice previously

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So,I know the Murdoch story,he built a small local paper,into a Global Media Empire.
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