BBC ON THIS DAY | 2 | 1969: Murdoch wins Fleet Street foothold

by peterjukes

1969: Murdoch wins Fleet Street foothold

The Australian media magnate, Rupert Murdoch, has beaten off a rival bid to win control of the News of the World newspaper group.

Mr Murdoch defeated a £34 million offer from Robert Maxwell’s Pergamon Press to become the new managing director of his first Fleet Street newspaper.

He said: “Anyone interested in journalism and mass newspapers realises that Fleet Street is the heart of it all. To be in Fleet Street is to be at the heart.”

The 37-year-old Australian already owns a national Australian newspaper, as well as several regional daily and weekly papers and a number of television stations.

The bitter battle for control of the News of the World began last October when Pergamon offered an initial £28 million. It had the support of Professor Derek Jackson’s family, who owned around 25% of the shares.

The shareholders have judged my record in Australia and they’re hoping I can do the same in this country

Rupert Murdoch

via BBC ON THIS DAY | 2 | 1969: Murdoch wins Fleet Street foothold.

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