Chairman of News Corporation, Rupert Murdoch (r.), and his son James Murdoch, chief executive of News Corporation Europe and Asia, arrive at his residence in London on July 10. Mr. Murdoch's newspaper News of the World ceased publication on July 10, accused of hacking into the mobile phones of crime victims, celebrities, and politicians. Sang Tan/AP
Printer James Bradley looks at the final edition of News of the World at the News International print works in Waltham Cross, southern England, on July 10. In what must be one of the lowest-key headlines in News of the World's 168-year history, Sunday's last ever newspaper simply read 'Thank You & Goodbye.' Ian Nicholson/Reuters
Rupert Murdoch is an Australian American Chairman and Chief Executive Officer of News Corporation (known as News Corp.), the world's second-largest media conglomerate in terms of revenue after The Walt Disney Company as of 2010. Mr. Murdoch created News Corp. in 1979. William West/AFP/Getty Images/Newscom/File
Rupert Murdoch and his third wife, Wendi Deng Murdoch, arrive on the red carpet for the screening of the film 'The Tree of Life' at the 64th Cannes Film Festival in Cannes, France, on May 16. The couple married in 1999 and have two daughters. Mr. Murdoch has four children from previous marriages. Vincent Kessler/Reuters
James Murdoch, Chairman and Chief Executive Officer of Hong Kong-based Star TV, appears at a ceremony in Hong Kong in 2000. In 1993, Rupert Murdoch acquired Star TV (a Hong Kong company founded by Richard Li) for $1 billion; it is one of the biggest satellite TV networks in Asia. Peter Parks/AFP/Getty Images/Newscom/File
Rupert Murdoch (r.) attends the auction to bid for control of the News of the World newspaper group in 1969. Mr. Murdoch owned the paper until it ceased publication on July 10 in the wake of a phone hacking scandal. The tabloid was known for muckracking and sensational headlines. Newscom/File
Rupert Murdoch (c.) attends a press conference a few days before the relaunch of The Sun newspaper in 1969. The Sun has the highest circulation of any daily newspaper in the United Kingdom. Newscom/File
Rupert Murdoch purchased a three-floor, 20-room penthouse at New York's most prestigious address, 834 Fifth Avenue, for $44 million cash in 2005. According to the 2010 list of Forbes richest Americans, Murdoch is the 38th richest person in the US and the 117th richest person in the world, with a net worth of $6.2 billion. Splash News/Newscom/File
Rupert Murdoch created Fox News in 1996 and hired former NBC executive Roger Ailes as the founding CEO. Richard B. Levine/Newscom/File
Rupert Murdoch rings the opening bell at the New York Stock Exchange in 1998 as Fox Broadcasting Company executives applaud. In 1986, Mr. Murdoch purchased six television stations owned by Metromedia, which formed the nucleus of the Fox Broadcasting Company. Stan Honda/AFP/Getty Images/Newscom/File
British Sky Broadcasting is the largest pay-television broadcaster in the United Kingdom. This year, News Corp. succeeded in gaining regulatory permission to take over the company, but announced on July 13 that it is dropping its planned bid. Warren Allott/AFP/Getty Images/Newscom/File
In 2003, Rupert Murdoch acquired a 34 percent stake in Hughes Electronics, the operator of the largest American satellite TV system, DirecTV, from General Motors for $6 billion. Jonathan Alcorn/ZUMA Press/Newscom/File
Rupert Murdoch purchased the New York Post in 1976 and sold it in 1988 because of the institution of federal regulations limiting media cross-ownership after his launch of the Fox Broadcasting Company. Under his ownership the paper was notorious for headlines such as 'Headless body in topless bar.' Jake Price/Sipa Press/Newscom/File
Rupert Murdoch's News Corp. purchased Dow Jones in 2007 for $5 billion and added The Wall Street Journal to his news empire. Stan Honda/AFP/Getty Images/Newscom/File
Rupert Murdoch's Fox Group bought the Los Angeles Dodgers in 1997 for $331 million. Mr. Murdoch sold the team in 2004, retaining the valuable broadcasting rights to Dodger games. Atsushi Tsukada/AP/File
News Corp. owns Britain's Times and Sunday Times newspapers, and has branched out into new forms of media, buying social media company Intermix Media Inc. (owner of MySpace.com) and video game review website IGN Entertainment in 2005, selling MySpace on June 29. Ben Stansall/AFP/Getty Images/Newscom/File
In an often bitter attack on the Murdoch press in testimony to Britain's media ethics inquiry, Brown directly contradicted Murdoch's claim that the then-prime minister had made an abusive phone call to the media mogul in 2009.
Former British Prime Minister Gordon Brown on Monday accused a Rupert Murdoch-owned tabloid of personally attacking him, failing the British people and undermining the war in Afghanistan through its coverage of the conflict.
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