Thursday, November 26, 2009

#7 Rupert Murdoch

The World's Most Powerful People

#7 Rupert Murdoch

Chairman
News Corp.
U.S.
Age: 78


"The man who owns the news" still believes in print, not afraid to use vast media holdings to further personal political views. Media empire includes leading British (the Times), Australian (The Australian), American (The Wall Street Journal) newspapers, in addition to tabloids like the New York Post and The Sun (U.K.). Also movies (20th Century Fox), books (HarperCollins), television (Fox, BSkyB), online (MySpace). Weak ad-marketing hurting his News Corp.: net loss of $3.4 billion in fiscal 2009, stock off March lows, but still well below 2007 levels, when he made a $5.6 billion gamble on Dow Jones. Accused Google of stealing content; threatened to block search engine from indexing his Web sites. "Quality journalism isn't cheap."

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