Thirty-four years ago, Rupert Murdoch showed up in Hollywood with $250 million, buying a stake in the 20th Century Fox film studio — even though he had little interest in making movies. The scrappy Australian newsman, then known for his clamorous tabloids, was viewed with suspicion. Skeptics assumed he was a corporate raider intent on stripping value from the studio. Now, Murdoch is dismantling his life’s work: a kingdom worth more than $100 billion. On Tuesday, his largest company, 21st Century Fox, will be broken apart.

Source: Los Angeles Times March 18, 2019 10:52 UTC