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Irwin Stelzer - The Murdoch Method: Notes on Running a Media Empire

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Irwin Stelzer The Murdoch Method: Notes on Running a Media Empire
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An exclusive, insider viewpoint on the Murdoch Method from his right-hand man and adviser, Irwin Stelzer. Rupert Murdoch is one of the most notorious and successful businessmen of our age. Now, for the first time, an insider within the Murdoch empire reveals the formidable method behind the man. Irwin Stelzer, an adviser to Murdoch for 35 years reveals what makes Rupert tick and how he grew from humble beginnings as the owner of an Adelaide newspaper, to becoming the head of a globe-circling enterprise worth over $50 billion. But this isnt just a straight-forward business memoir. Rather, Stelzer explores what makes Murdoch so unique: whether that be down to his love of taking risks, his mistrust of the establishment, or his unconventional management style. Revealing what really happened during Murdochs most infamous moments, Stelzer examines how Murdoch navigated both his success and his failures: including his tussles with regulators, his doomed foray into social media, his victories over trade unions, and how he handled the fallout of the News of the World phone-hacking scandal. Venerated, despised, admired and mistrusted, Murdoch has left an indelible imprint on the world of business, media, and politics. Read this engrossing account to find out how he did it.

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Contents
Guide
THE MURDOCH METHOD Irwin Stelzer is a consultant on market strategy for US and - photo 1

THE
MURDOCH
METHOD

Irwin Stelzer is a consultant on market strategy for US and UK industries. He worked closely with Rupert Murdoch for thirty-five years. He has a regular column in the Sunday Times and is an occasional contributor to The Guardian, The Daily Telegraph and the New Statesman. He has received the ICAP Comment Award for Economics Commentator of the Year and has a doctorate in Economics from Cornell University. He has held positions at Harvard Universitys John F. Kennedy School of Government, Cornell University and New York University, and been a visiting fellow at Nuffield College, Oxford University.

Published in hardback and trade paperback in Great Britain in 2018 by Atlantic - photo 2

Published in hardback and trade paperback in Great Britain in 2018 by Atlantic Books, an imprint of Atlantic Books Ltd.

Copyright Irwin Stelzer, 2018

The moral right of Irwin Stelzer to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act of 1988.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of both the copyright owner and the above publisher of this book.

10 9 8 7 6 5 4 3 2 1

A CIP catalogue record for this book is available from the British Library.

Hardback ISBN: 978 1 78649 575 4

Trade paperback ISBN: 978 1 78649 400 9

E-book ISBN: 978 1 78649 402 3

Printed in Great Britain.

Credits for photo insert: plates EPA/EFE The Walt Disney Company.

Atlantic Books

An imprint of Atlantic Books Ltd

Ormond House

2627 Boswell Street

London

WC1N 3JZ

www.atlantic-books.co.uk

For Cita
Who has made this book and much else possible

Im a strange mixture of my mothers curiosity; my father, who grew up the son of the manse in a Presbyterian family, who had a tremendous sense of duty and responsibility; and my mothers father, who was always in trouble with gambling debts
Rupert Murdoch, 2008

I would hope they [my children] would lead useful, happy and concerned lives with a very responsible view of what they should and are able to do according to their circumstances
Elisabeth Murdoch, circa 1989

I am a curious person who is interested in the great issues of the day and I am not good at holding my tongue
Rupert Murdoch, 2012

CONTENTS

Introduction:
Rupert Murdoch: The Man, His Method and Me

KEITH RUPERT MURDOCH
TIMELINE

1931

March

Keith Rupert Murdoch born

1950

October

Goes up to Worcester College, Oxford

1952

October

Father, Keith Arthur Murdoch, passes away. Rupert inherits fathers stake. The will is complicated, so the precise date of possession is difficult to pinpoint

1953

Family approves of Rupert becoming managing director of Adelaide papers, News and Sunday Mail

1956

Marries Patricia Booker

1958

Daughter Prudence (now Prudence MacLeod) born

1964

July

Launches The Australian, a serious, nation-wide broadsheet in Australia, and his first new title

1967

Divorces Patricia Booker
Marries Anna Torv (now Anna Murdoch Mann)

1968

January

Acquires News of the World

August

Elisabeth Murdoch born

1969

September

Acquires The Sun, at the time a broadsheet

1970

November

The first genuine Page Three girl appears in The Sun

1971

September

Lachlan Keith Murdoch born

1972

December

James Rupert Jacob Murdoch born

1973

December

Acquires San Antonio Express, the News, and their combined Sunday paper. First US acquisition

1976

November

Acquires New York Post

1978

August

New York newspaper strike

October

Author meets Murdoch for first time at birthday party for his wife Cita at Lutce restaurant in New York

1981

February

Acquires The Times and The Sunday Times

1983

November

Acquires Chicago Sun-Times

1985

March

Rupert acquires 50 per cent of 20th Century Fox and the balance in September of that year

September

Rupert becomes an American citizen

1986

January

The Times and Sunday Times move to Wapping and strike begins

1989

January

Acquires William Collins Publishers and combines it with Harper & Row, acquired a year earlier

February

Sky Television launched

1990

January

Purchases two Hungarian newspapers, Mai Nap and Reform

1992

June

Rupert fires Steve Chao over performance at company conference in Aspen

1993

September

Rupert claims satellites threaten dictatorships and is thrown out of China

December

Rupert (Fox) acquires TV rights to NFL for four years for $1.58 billion

1996

James Murdoch sells Rawkus Records to News Corp. in 1996 and joins the family firm

October

Rupert launches Fox News Channel

1998

May

Murdoch issues apology to Chris Patten for cancelling publication of and disparaging his book

1999

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