Which publishing houses are worth more to Rupert Murdoch?
The Associated Press is reporting that the Murdoch family’s Rupert Murdoch and his sons, James and Lachlan, own five of the five most valuable publishing houses in the world.
According to the AP, James Murdoch, Lachan Murdoch, James Jr. and Rupert Murdoch have collectively earned more than $20 billion in annual revenue.
Their combined wealth is believed to be $24 billion.
The Wall Street Journal reports that Lachnlan Murdoch is the largest shareholder in News Corp. The Murdoch family is also the owner of a controlling stake in 21st Century Fox.
The Murdochs have a deep history in publishing and are well known for their dominance of newspapers.
The family has long been one of the largest owners of U.S. newspapers, with an estimated stake of nearly one-third of the country’s circulation.
It has a history of controlling or owning several major media companies and is a dominant player in several other countries.
The company has long sought to control media ownership in the U.K. and the United States, as well as in other countries in Europe, Asia and Latin America.
News Corp. owns the New York Post, which it bought for $250 million in 2017, and several other publications, including The Washington Post and The Los Angeles Times.
It also owns several other U.N. news outlets.
News Corp.’s media holdings include the New Yorker, the Washington Post, The Wall St. Journal, Fox News and The Washington Times.
Lachlan Murdoch has been chairman and chief executive officer of News Corp., the company’s parent company.
The former British newspaper publisher was the chief executive of The Sun newspaper chain from 2004 to 2014 and is now the chairman of Sky News.
The AP report comes as the New Jersey-based company continues to struggle with declining revenue.
Last year, the company reported a net loss of $5.2 billion, or 10 cents per share, after adjusting for a $1.5 billion charge related to the investigation into a British businessman accused of corruption in Russia.
The results of that probe are still pending.