News Corp.
Headquarters:
1211 Avenue of the Americas
New York, NY 10036
Employees: 38,000
CEO: Rupert Murdoch
Stock Symbol: NWS
Website:
http://www.newscorp.com
Career
Site
News Corp. is one of the world's top media
companies. It owns and operates the Fox Network, Fox News cable
channel, 20th Century Fox movie studio, The New York Post, Harper
Collins books and The Times of London. The company owns TV stations,
newspapers, and satellite television. The company also has a
stake in DirecTV and Gemstar-TV Guide.
News Corp. and CEO Rupert Murdoch officially
acquired Dow Jones Corp. for $5 billion in December. Dow Jones
is publisher of The Wall Street Journal.
The company has a major presence in Australia,
Asia, U.S. and England. News Corp. moved its headquarters from
Sydney to New York City in 2004.
News Corp. is led by media mogul Murdoch,
who has made an enormous impact on U.S. media over the past three
decades. In 1986, Murdoch launched the Fox TV network as the
fourth major television network to compete with ABC, CBS and
NBC. In 1994, Murdoch upended the sports world by winning the
rights to broadcast NFL football games, outbidding CBS. Fox has
gone on to win rights to broadcast Major League Baseball, NHL
hockey and Nascar races.
The Fox Network has had a big success with
reality show American Idol, which has been among the top-rated
programs over the past several years. The Fox News cable channel,
launched in 1996, has become the most-watched all-news channel,
eclipsing rival CNN. Fox News is criticized for having a pro-Republican
and conservative stance. Fox News President Roger Ailes is a
former consultant for President Ronald Reagan and Murdoch is
known for his conservative leanings.
The NY Post, owned by the News Corp., has
reportedly suffered losses of $10-$50 million per year and sells
for just 25 cents in NYC. A plan in May to raise the cover price
to 50 cents was thwarted when the NY Daily News dropped its price
to 25 cents in response. The price increase lasted only one week.
In 2005, News Corp. acquired social networking
site MySpace.com for $500 million. MySpace is now the most visited
Internet site and is very popular with teenagers and young adults.
The company launched Fox Business Channel
on October 15, a cable network devoted entirely to business news,
with Neil Cavuto as managing editor. The channel is available
in about 40 milliion homes in the U.S.
In fiscal 2007, News Corp. reported record
revenues of $28.7 billion and net income of $3.4 billion.
Benefits
The following benefits are for 20th Century
Fox
- Comprehensive health plan (medical, dental
and vision)
- 401(k) investment plan
- Life insurance
- Pension Plan
- Flexible spending accounts
- Paid Time Off
- Child development center on studio lot
- Employee assistance program
- Employment referral program
- Education reimbursement
- Training & development
- Credit Union membership
- Direct deposit
- Company-paid parking
- Local Area Discounts
- Merchandise discounts
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