Rupert Murdoch, News Corp. and 21st Century Fox CEO, arrives at the annual Allen and Co. conference at the Sun Valley, Idaho Resort July 12. - Reuters filepic
LOS ANGELES: After a lifetime building a media empire, Rupert Murdoch (pic) has to decide whether the changes roiling the industry are so daunting that he must tear his creation apart.
Murdoch’s 21st Century Fox Inc owns a movie and TV studio, a US broadcast network, a stake in Europe’s biggest satellite provider and cable channels such as FX and Star India – and it’s still dwarfed by Walt Disney Co and Comcast Corp. Viewers are abandoning traditional pay TV in droves, putting pressure on Big Media to get even bigger to survive.
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