From a New York Times story by J. Edward Moreno headlined “How Rupert Murdoch Built His Media Empire”:

Rupert Murdoch, the 92-year-old media tycoon who announced his retirement on Thursday, spent the past 70 years building a global media empire that gave him influence in journalism, politics and pop culture.

Over dozens of acquisitions, Mr. Murdoch created a media conglomerate known for the rise of the modern tabloid and conservative commentary. His tenure has not been without scandal: One of his properties in Britain folded in 2011 after a phone-hacking inquiry, and he admitted this year that Fox News had spread falsehoods about the 2020 U.S. presidential election.