Rupert Murdoch transformed media and politics on three continents, building a chain of newspapers he inherited from his father into a lucrative and profoundly influential right-leaning empire.
The 92-year-old Murdoch announced he is stepping back from both News Corp and Fox, conglomerates which made him a billionaire.Murdoch transformed media and politics on three continents - building a chain of newspapers he inherited into a lucrative, and influential right-leaning empire.Rupert Murdoch transformed media and politics on three continents, building a chain of newspapers he inherited from his father at just 21 into a lucrative and profoundly influential right-leaning empire.
The elder Murdoch will become chairman emeritus at both, and he is not giving up his controlling shares, meaning he is not likely to completely step away from his powerful media portfolio.Murdoch built a fortune estimated at $17 billion by Forbes with a disdain for snobbery and convention combined with a knack for finding new value in staid media outlets.
He made the Sun a top tabloid with scandalous headlines and large photos of scantily clad women on Page 3, but it was the politics that grated many the most.Critics reviled the unabashed support his empire gave conservatives, as well as groups espousing unfounded right-wing conspiracy theories.
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