Between 6 and 7 of every 10 copies of national and metro papers sold in Australia are owned by News Ltd., News Corp.'s Australian newspaper arm. The company owns <em>The Australian</em> and <em>The Daily Telegraph;</em> while <em>The Age</em> and <em>The</em> <em>Sydney Morning Herald</em> are owned by rival Fairfax Media.
Step up to any newsstand in Australia, like the one in Melbourne's Central Business District, and ask who Rupert Murdoch is, and you might get an appraisal like this one from Tom Baxter, an officer with a local disability foundation: "Long time in newspapers, ruthless; dedicated to their craft; a global citizen."
Rupert Murdoch takes over the <em>Daily Mirror</em>, a Sydney tabloid, in May 1960. Sometimes soft-spoken, but invariably hard-driving, Murdoch acquired major papers in every Australian state. He bought TV stations and established the first truly national daily.
Ultimately, all roads lead home for Rupert Murdoch.
"The story of our company is the stuff of legend: from a small newspaper in Adelaide to a global corporation based in New York, with a market capitalization of about $44 billion," he said last October, when he addressed a News Corp. shareholders meeting in Los Angeles.
Australiansview the company's history differently.