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

Imperial Brands has an 8.3% yield – but what’s the catch?
Share tips

Imperial Brands has an 8.3% yield – but what’s the catch?

Tobacco company Imperial Brands boasts an impressive dividend yield, and the shares look cheap. But investors should beware, says Rupert Hargreaves. H…
20 May 2022
What's behind Sri Lanka’s crippling debt crisis?
Emerging markets

What's behind Sri Lanka’s crippling debt crisis?

Sri Lanka has been hit by a triple whammy of economic shocks and has gone to the IMF for a bailout. It may just be the first domino to fall in a globa…
20 May 2022
Investing in drugmakers: uncommon profits from curing rare diseases
Share tips

Investing in drugmakers: uncommon profits from curing rare diseases

Treatments for medical conditions with only a small number of sufferers can still be very attractive for pharmaceutical companies and investors becaus…
20 May 2022
Share tips of the week – 20 May
Share tips

Share tips of the week – 20 May

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
20 May 2022

Most Popular

The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves looks at the FTSE 100’s top yielding stocks for income investors to consider.
18 May 2022
Aviva: a share for income investors to tuck away
Share tips

Aviva: a share for income investors to tuck away

Insurance giant Aviva is one of the highest yielding stocks in the FTSE 100 – and it’s cheap, too, making it a tempting target for income investors. R…
18 May 2022
Inflation is now at its highest since 1982 – is this the peak?
Inflation

Inflation is now at its highest since 1982 – is this the peak?

At 9%, UK inflation is at its highest for 40 years – and it’s not going anywhere soon, says John Stepek. That means you need to be much more active a…
18 May 2022