Rupert Murdoch at 90: could he reunify his empire?

Nonagenarian media mogul Rupert Murdoch could try to reverse the 2013 decision to split his media empire in two and re-merge Fox and News Corp.

Rupert Murdoch (pictured) has joined the “tiny ranks of nonagenarians running global empires”, says Mark Sweeney in The Guardian. But he“shows no sign of slowing down”. 

As executive chairman of News Corp, home to papers including The Wall Street Journal and The Times, as well as co-chairman of Fox Corporation, broadcaster of Fox News and NFL games, Murdoch “remains firmly in control”. 

Still, with Fox having to grapple with much larger competitors, such as Disney and AT&T, many experts think that he might try to reverse the 2013 decision to split his empire in two and re-merge Fox and News Corp. Something must be done, since investors seem to have lost confidence in both Fox and News Corp, says The Economist. 

The former is trading at a 30% discount to rivals ViacomCBS and Discovery, while the latter is valued at “less than the sum of its eclectic parts”. Fox has been hit by the rise of streaming, losing nearly 8% of its subscribers last year, while News Corp has suffered from the shift to online advertising. 

Uniting News Corp with Fox may well be Murdoch’s “one last big deal”, says John McDuling in the Sydney Morning Herald. But Murdoch, a big horse-racing fan in his youth, would do better to think about a “punt on the betting industry itself”. 

His interest has been “piqued” by the current battle for Tabcorp, Australia’s largest listed betting company. Under the stewardship of Murdoch’s son Lachlan, Fox has already been investing heavily in the industry. 

Recommended

Will the government’s green plans hit the price of your home?
House prices

Will the government’s green plans hit the price of your home?

UK house prices are still rising fast. But the government’s plan to reach net-zero carbon emissions could halt that – for some of us, at least. John S…
21 Oct 2021
If you want to get exposure to bitcoin, I have this great idea for you
Bitcoin & crypto

If you want to get exposure to bitcoin, I have this great idea for you

As bitcoin climbs to new highs, you can now buy a bitcoin ETF. But if you really want to get some exposure to bitcoin, there’s a much better way, says…
20 Oct 2021
Too embarrassed to ask: what is a dividend yield?
Too embarrassed to ask

Too embarrassed to ask: what is a dividend yield?

Learn what a dividend yield is and what it can tell investors about a company in MoneyWeek's latest “too embarrassed to ask” video.
19 Oct 2021
Index tracker funds won't shield your wealth from inflation – here's why
Investment strategy

Index tracker funds won't shield your wealth from inflation – here's why

If you want your portfolio to survive in an inflationary world, a broad index-tracker fund won’t cut it. You need to be a lot more selective than that…
19 Oct 2021

Most Popular

How to invest as we move to a hydrogen economy
Energy

How to invest as we move to a hydrogen economy

The government has started to roll out its plans for switching us over from fossil fuels to hydrogen and renewable energy. Should investors buy in? St…
8 Oct 2021
How to invest in SMRs – the future of green energy
Energy

How to invest in SMRs – the future of green energy

The UK’s electricity supply needs to be more robust for days when the wind doesn’t blow. We need nuclear power, says Dominic Frisby. And the future of…
6 Oct 2021
Why the world’s most important economic data release has unnerved markets
US Economy

Why the world’s most important economic data release has unnerved markets

The US added only 194,000 jobs in September, far shorter than the 500,000 that were expected. John Stepek explains why markets didn't react as they no…
11 Oct 2021