News Limited is one of Australia's largest media conglomerate companies, employing more than 8,000 staff nationwide and approximately 3,000 journalists. The publicly listed company's interests span newspaper and magazine publishing, Internet, Pay TV, market research, DVD and film distribution, and film and television production trading assets.
News Limited owns approximately 146 daily, Sunday, weekly, bi-weekly and tri-weekly newspapers, of which three are free commuter titles and 102 are suburban publications (including 16 of which News Limited has a 50% interest). News Limited publishes a nationally distributed newspaper in Australia, a metropolitan newspaper in each of the Australian cities of Sydney, Melbourne, Brisbane, Adelaide, Perth (Sundays only), Hobart and Darwin and groups of suburban newspapers in the suburbs of Sydney, Melbourne, Adelaide, Brisbane and Perth. The company publishes a further thirty magazine titles across Australia.
With interests in digital media, the company's sites include carsguide.com.au, news.com.au, MOSHTIX.com.au, GetPrice.com.au and truelocal.com.au, and has a 50% stake in CareerOne.com.au, and a share in REA Limited that operates www.realestate.com.au, as well as websites for most newspaper and magazine titles. The company's other Australian assets include part-shares in subscription television provider Foxtel and the National Rugby League together with shares in two teams in the NRL.
Until the formation of the News Corporation Ltd. in 1979, News Limited was the principal holding company for the business interests of Rupert Murdoch and his family. Since then, News Limited has been wholly owned by News Corp. In 2004, News Corp Limited announced its intention to reincorporate to the United States. On 3 November News Corp Limited ceased trading on the Australian Stock Exchange; and on 8 November, News Corporation began trading on the New York Stock Exchange.
The Chief Executive Officer of News Limited is Kim Williams AO, effective 5 December 2011. Williams replaced John Hartigan who served as CEO between 2000 and 2011, succeeding Lachlan Murdoch.
Read more about News Limited: History, Influence in Australia, Holdings
Famous quotes containing the words news and/or limited:
“Charles Foster Kane: Look, Mr. Carter. Here is a three-column headline in the Chronicle. Why hasn’t the Inquirer a three-column headline?
Carter: News wasn’t big enough.
Charles Foster Kane: Mr. Carter, if the headline is big enough, it makes the news big enough.”
—Orson Welles (1915–1985)
“Professors of literature, who for the most part are genteel but mediocre men, can make but a poor defense of their profession, and the professors of science, who are frequently men of great intelligence but of limited interests and education, feel a politely disguised contempt for it; and thus the study of one of the most pervasive and powerful influences on human life is traduced and neglected.”
—Yvor Winters (1900–1968)