News Corporation or News Corp. is an American multinational diversified mass media corporation headquartered in New York City, United States. It is the world's second-largest media group as of 2011 in terms of revenue, and the world's third largest in entertainment as of 2009,although the BBC remains the world's largest broadcaster.The company is controlled by Rupert Murdoch and his family members.News Corporation is a publicly traded company listed on the NASDAQ, with secondary listings on the Australian Securities Exchange. Formerly incorporated in South Australia, the company was re-incorporated under Delaware General Corporation Law after a majority of shareholders approved the move on 12 November 2004. At present, News Corporation is headquartered at 1211 Avenue of the Americas, in New York City, in the newer 1960s–1970s corridor of the Rockefeller Center complex.News Corp's U.S. holdings include Fox News, The Wall Street Journal and Twentieth Century Fox.News Corp was created in 1979 by Rupert Murdoch as a holding company for News Limited. News Limited was created in 1923 in Adelaide,subsequently the controling interest was bought by the Herald and Weekly Times. In 1949 Sir Keith Murdoch took control of The Adelaide News. When he died in 1952 his son Rupert inherited a controlling interest in the Adelaide afternoon tabloid, The News. News Limited operates today as News Corporation's Australian brand, "The Australian" operating out of Surry Hills, in Sydney.News Ltd. made its first acquisition in the United States in 1973, when it purchased the San Antonio Express-News. Soon afterwards it founded the National Star, a supermarket tabloid, and in 1976 it purchased the New York Post.In 1981, News Corp bought half of the movie studio 20th Century Fox, buying the other half in 1984. In 1985, News Corp announced it was buying the Metromedia group of stations, setting the stage for the launch of a fourth U.S. commercial broadcasting television network. On 4 September 1985, Murdoch became a naturalized citizen to satisfy the legal requirement that only United States citizens could own American television stations. In 1986, the Metromedia deal closed, and the Fox Broadcasting Company was launched. This network, known on-screen as "Fox", can now be picked up in over 96% of U.S. households.
Net income $ 2.739 billion (2011)
Total assets $ 61.980 billion (2011)