Rupert Murdoch is a media mogul known for his ability to take risks and his appreciation for new technology. His success can be attributed to his innate drive to achieve, his workaholic nature, and his hands-on approach to business. While he delegates responsibility, he remains closely involved with his company's operations. Murdoch's expertise lies in newspapers, but he seeks expert advice for electronic communications ventures. He has a knack for turning failing investments into successes, as seen with Fox Television and various print publications. His negotiation skills and innovative strategies make him a formidable figure in the ever-changing media industry.
Keith Rupert Murdoch, born on March 11, 1931, near Melbourne, was the only son in a family of four children. His father, Keith Murdoch Senior, was a prominent journalist and newspaper owner in Australia. Rupert Murdoch's education included graduating from Geelong Grammar in 1949 and studying at Oxford University, where he was known for his lively student life. Following his father's death in 1952, Murdoch returned to Australia, taking over as publisher of the Adelaide News and Sunday Mail at the age of 22, after his family sold their shares in other newspapers to pay estate taxes. Murdoch held deep respect for his father's journalistic legacy, which influenced his decision to pursue a career in media. He was determined to maintain control over his business ventures, a principle he adhered to throughout his career. Murdoch's early involvement in the newspaper business was hands-on, contributing to the Adelaide News becoming a successful publication. His ambition led him to expand his media empire, purchasing the Sunday Times in Perth and later acquiring TV-9 in Adelaide. Murdoch's strategic moves included entering the Sydney market by buying the struggling Mirror from the Fairfax family in 1960 and transforming it into a profitable venture. In 1965, Murdoch launched the national newspaper, the Australian, despite initial financial losses. His media operations, particularly the profits from his tabloids, supported the Australian's conservative editorial stance. Murdoch's dedication to his career impacted his personal life, leading to a divorce in 1965 and a subsequent marriage to reporter Anna Torv two years later. His ventures in the United States further expanded his media empire, where he formed a significant relationship with Leonard Goldenson of the American Broadcasting Company (ABC), who mentored Murdoch in navigating the American media landscape.
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