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Rupert Murdoch’s Involvement in Politics
Thursday September 25th 2008, 6:28 pm
Filed under: Information Hall

Rupert Murdoch, an Australian-American global media tycoon, is an influential person, making him a good political endorser. Ranked 109 in the 2008 Forbes List of World’s Billionaires and with a net worth of $8.3 billion, Rupert Murdoch is the major stakeholder of News Corporation, where he also serves as chairman and managing director. With News Corp reaching vast media markets including those of the United States, Europe, and Asia, it is not surprising why Murdoch is so influential in the political scene. Taking into account that he has helped elect or defeat several politicians, Murdoch is definitely not new to the global political sphere.

Murdoch was known to support UK Prime Minister Tony Blair, although he initially backed Margaret Thatcher. He has been criticized for his political inclinations; his critics say that Murdoch supports parties that have high chances in winning the elections in order to protect his personal and business interests.

In the American arena, Murdoch confessed in a 2008 interview that he had something to do with New York Post’s endorsement of Barack Obama in the New York primary. He pretty much adored the politician’s stance on education and also said that he expected Obama to win a landslide victory. Murdoch earlier came out as a well-known supporter of Hillary Clinton for which he previously held fundraising events.

With his control over the media, Murdoch may really have a potential influence on the 2008 election.

More on Business Politics.

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