Vertical Networks, founded by Elisabeth Murdoch, has become a major supplier of app-centric video series that are drawing young viewers on Snapchat, Facebook and YouTube.
Part 1: Imperial Reach — Murdoch and his children have toppled governments on two continents and destabilized the most important democracy on Earth. What do they want? Part 2: Internal Divisions — Trump’s election made the Murdoch family more powerful than ever. But the bitter struggle between James and Lachlan threatened to tear the company apart. Part 3: The New Fox Weapon — What was left after the Disney deal was not a sprawling media empire that contained all Rupert’s ambitions, but a political weapon.
For years, everyone in the industry loved to debate which of Murdoch’s three adult children from his second marriage — James, Lachlan, or Elisabeth — would ultimately assume the throne of their father’s vast empire. While the huge Disney sale has put to bed that question for a simple reason — instead of a globe-girdling empire, the Murdoch heirs are about to inherit a war chest — it also raises a new one: What will they do with all that money?
Ever since the Shine-Endemol-Core Media mega-merger was first floated, speculation has swirled over what it would mean for Shine founder Elisabeth Murdoch. The speculation can now be put to rest as Murdoch will indeed leave her role as chairman of Shine if and when the proposed merger goes through, a source with knowledge of the situation confirms.
Exclusives
News Corp. shareholders Amalgamated Bank and the Central Laborers Pension Fund filed suit against Rupert Murdoch and his company Wednesday, claiming that a deal to purchase Elisabeth Murdoch’s production company for $675 million is driven by nepotism and not the interests of investors.
The British television production company founded by News Corp. chief’ Rupert Murdoch’s daughter Elisabeth, is being purchased by her father’s company for £415 million ($673.3 million).
News Corp. is reportedly in the final days of discussion about acquiring Shine Group, the independent television production company—now one of the largest in the world—42-year-old Elisabeth Murdoch founded after she left News Corp. during a spat with her father more than a decade ago.
The mogul is trying to bring daughter Elisabeth back to News Corp. with a deal to purchase her production company, Shine Group. Here’s a look at Rupert’s “master plan” for keeping the media empire in the family.
