In Australia he buys The Herald & Weekly Times Ltd, the company his father once managed
Murdoch acquires Star TV, a Hong Kong company founded by Richard li (son of Li Ka-shing) for $1bn and subsequently sets up offices for it throughout Asia
He announces a deal with MCI Communications to develop a major news website, as well as founding a conservative magazine The Weekly Standard. In the same year, News Corp launches the Foxtel pay television network in Australia in partnership with Telstra
Murdoch decides to enter the cable news market with the Fox News Channel, a 24-hour cable news station
Significantly expands his music holdings in Australia by acquiring the controlling share in a leading Australian independent label, Michael Gudinski’s Mushroom Records; he merges that with Festival Records and the result is Festival Mushroom Records (FMR)
Acquires a 34 per cent stake in Hughes Electronics, the operator of the largest American satellite TV system, DirecTV, from General Motors for $6bn
Announces he is moving News Corp’s headquarters from Adelaide, Australia to the United States
News Corp buys Intermix Media Inc, which holds MySpace.com and other popular social networking-themed websites for $580m. On September 11, 2005 News Corp announces that it will buy IGN Entertainment for $650m
Purchases Dow Jones, owner of the Wall Street Journal, for $5.6bn