Elisabeth Murdoch (businesswoman)

For other people named Elisabeth Murdoch, see Elisabeth Murdoch (disambiguation).
Elisabeth Murdoch
Born Elizabeth Murdoch
(1968-08-22) 22 August 1968
Sydney, Australia
Nationality American and British
Education Brearley School
Alma mater Vassar College
Occupation Journalist, media executive
Home town London
Spouse(s) Elkin Kwesi Pianim
(m. 1993; div. 1998)
Matthew Freud
(m. 2001; div. 2014)
Children 4

Elisabeth Murdoch (/ˈmɜːrdɒk/;[1] born 22 August 1968) is an Australian-born American media executive based in the United Kingdom.[2] Murdoch is the second daughter of Australian-born American multi-billionaire media proprietor Rupert Murdoch. She was non-executive chairperson of Shine Group, the UK-based TV program production company she founded in 2001, until the company's parent, her father's 21st Century Fox on 1 January 2015 merged its Shine division with ApolloGlobal Management's Endemol and Core Media production houses, specializing in reality TV.[3]

Biography

Early life

Elisabeth Murdoch was born on 22 August 1968 in Sydney. Her father is Rupert Murdoch and her mother, Anna Murdoch Mann (born 1944). She was named after her grandmother, Dame Elisabeth Murdoch. She completed her secondary education at the Brearley School in New York City and graduated with a bachelor's degree from Vassar College in Poughkeepsie, New York.[4]

Career

Murdoch began her career as a manager of program acquisitions at her father's FX Networks, a cable television unit based in Los Angeles. Operating as EP Communications, on 22 September 1994 Murdoch and her then-husband, Elkin Kwesi Pianim, purchased a pair of NBC-affiliate television stations, KSBW and KSBY, in California on a US$35 million loan secured by her father. Within 18 months, the couple reorganized and sold the stations at a $12 million profit.

Murdoch moved with Pianim to the United Kingdom where Rupert Murdoch was running BSkyB after forcing a 1990 merger with BSB. The early years of BSkyB saw a hemorrhage of cash from Murdoch's News Corporation funds. To help turn around the financial fortunes of the company, New Zealand television executive Sam Chisholm was brought on board to manage the day-to-day operations and build the subscriber base, with Elisabeth Murdoch as his second-in-command and de facto apprentice. By the time Chisholm left the company, BSkyB was the most profitable company in the United Kingdom. As managing director, she oversaw BSkyB's £12 million sponsorship of the troubled Millennium Dome, to the relief of its Cabinet overseer, Peter Mandelson. However, she also faced criticism after brokering her father's failed £623.4 million bid for England's champion Manchester United team.[5]

After quarreling publicly with Chisholm, she ventured out on her own as a television and film producer in London. She advocated Sky setting up a film and production unit that is similar to BBC Films and Film4 Productions. However, due to lack of success, this unit closed down, and she founded Shine Limited in March 2001, with 80 percent ownership retained by herself, 15 percent by Lord Alli, and five percent by BSkyB. BSkyB signed a deal guaranteeing to buy an agreed amount of Shine programming for two years. An agreement in principle has been reached to sell Shine to News Corporation.[6] Shine Limited is also a supplier of franchise television to broadcasters internationally, including the BBC, Channel 4, HBO and the RTL Group. Her firm has worked closely with Freud Communications on a number of media deals.

Lachlan Murdoch, formerly the deputy chief operating officer at the News Corporation and the publisher of the New York Post, was deemed Murdoch's heir presumptive before resigning from his executive posts at his father's company at the end of July 2005. That surprise departure left James Murdoch, chief executive of the satellite television service British Sky Broadcasting since November 2003, as the only Murdoch scion still directly involved with the company's operations, though Lachlan agreed to remain on the News Corporation's board.[7]

In 2011, Shine was acquired by News Corporation in a controversial deal that raised questions about nepotism.[8]

In February 2013 she was assessed as the 5th most powerful woman in the United Kingdom by Woman's Hour on BBC Radio 4.[9]

Personal life

Murdoch's first marriage was to a fellow Vassar graduate, Elkin Kwesi Pianim, an associate in the New York corporate finance department of the Rothschild investment bank. He is the son of economist and financier Andrews Kwame Pianim (a native of Ghana) and Cornelia Pianim (a native of the Netherlands). The wedding was held on 10 September 1993 at St. Timothy Roman Catholic Church near the Beverly Hills residence of the bride's parents.[10][11] They have two children:

They were divorced in 1998.

Murdoch's second marriage was to public relations man Matthew Freud, the son of former MP Sir Clement Freud and great-grandson of Sigmund Freud. The couple married on 18 August 2001 in a ceremony at Blenheim Palace. They divorced in 2014.[12] They have two children:

From 2008, they resided at Burford Priory in Oxfordshire, where they were key members of the Chipping Norton set.[13][14] They also owned a home in Notting Hill, London.[15] In 2008, they hosted a fundraiser for Barack Obama.[15]

Murdoch is a dual national of the United States and of the United Kingdom.[16] Murdoch currently resides in the St John's Wood neighborhood of London.[17]

Ancestry

References

  1. ↑ Wells, John C. (2008), Longman Pronunciation Dictionary (3rd ed.), Longman, p. 526, ISBN 9781405881180
  2. ↑ http://thecaucus.blogs.nytimes.com/2008/04/01/murdochs-daughter-hosts-obama-fund-raiser/?_r=0
  3. ↑ Elisabeth Murdoch set to quit television production company Shine Group, Chris Johnston, Guardian Media, The Guardian, London, 1 October 2014. Retrieved 22 June 2015.
  4. ↑
  5. ↑ Folkenflik, David (2013). Murdoch's World: The Last of the Old Media Empires. PublicAffairs. p. 144. ISBN 978-1-610-39089-7.
  6. ↑ "Murdoch to buy daughter's company". The Canberra Times. 10 February 2011. Retrieved 19 September 2011.
  7. ↑ "That old succession", The Age, 30 December 2003
  8. ↑ Elisabeth Murdoch lands £153m from Shine buyout, Dan Sabbagh, The Guardian, 5 April 2011
  9. ↑ BBC Radio 4, Woman's Hour Power list
  10. ↑ Engagements; Elisabeth Murdoch, Elkin K. Pianim, The New York Times, 24 January 1993.
  11. ↑ Weddings; Elisabeth Murdoch and Elkin Pianim, The New York Times, 12 September 1993.
  12. ↑ Gosden, Emily (5 October 2014). "Elisabeth Murdoch and Matthew Freud to divorce". The Daily Telegraph. Retrieved 15 October 2014.
  13. ↑ Simon Walters and Glen Owen (17 July 2011). "Chipping Norton Set's final hurrah: How Elisabeth Murdoch threw decadent priory party with Mandelson, Cameron's cronies and BBC's Robert Peston hours before Dowler scandal broke". Dail Mail. Retrieved 19 September 2011.
  14. ↑ Caroline Dewar (5 March 2012). "Who's who in the Chipping Norton set". The Daily Telegraph. Retrieved 6 May 2012.
  15. 1 2 Michael Luo, Murdoch’s Daughter Hosts Obama Fund-Raiser, The New York Times, 1 April 2008
  16. ↑ http://thecaucus.blogs.nytimes.com/2008/04/01/murdochs-daughter-hosts-obama-fund-raiser/?_r=0
  17. ↑ http://www.standard.co.uk/news/london/rupert-murdochs-daughter-buys-home-in-st-john-s-wood-for-385m-9795700.html

External links

This article is issued from Wikipedia - version of the 11/19/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.