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Rupert Murdoch Named Co-Chair of the Partnership for New York City

rupggert-murdoch-media-journal-BZ01-vl-vertical.jpgNext thing you know he’ll be running for mayor. Rupert Murdoch has just been named co-chair of the Partnership for New York City, which, in case you are wondering, is a “network of business leaders dedicated to enhancing the economy of the five boroughs of New York City and maintaining the city’s position as the center of world commerce, finance and innovation.” Good to know someone is! Of course his co-chair is the CEO of Goldman Sachs so there’s that. Full press release after the jump.


News Corporation Chairman and CEO Rupert Murdoch Named Co-Chair of the Partnership for New York City

Mr. Murdoch Joins Goldman Sachs Chairman and CEO Lloyd Blankfein

At the Helm of New York City’s Pre-eminent Business Organization

NEW YORK, December 5, 2008 — Rupert Murdoch, Chairman and CEO of News Corporation, a diversified global media company with $33 billion in annual total revenues, was elected Co-Chair of the Partnership for New York City today. He joins Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs, who is serving his second year as Co-Chair of New York City’s pre-eminent business organization.

Mr. Murdoch succeeds Victor Ganzi, the former President and CEO of the Hearst Corporation, whose term as Co-Chair of the Partnership concluded at its Annual Meeting today in Manhattan.

Mr. Murdoch leads one of the world’s most successful and diversified media companies with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.

Mr. Murdoch’s United States publishing and broadcast entities, much of it headquartered in New York City, include the Wall Street Journal, New York Post, Dow Jones, the Fox Broadcasting Company and 20th Century Fox.

In 2007, News Corporation launched an unprecedented global energy initiative aimed at significantly reducing carbon emissions from its operations and engaging its tens of thousands of employees and millions of its global readers, viewers and web users on the issue. The company vowed at the time to be carbon neutral by 2010 through energy efficiency, buying renewable power and offsetting otherwise unavoidable emissions.

“I am delighted that Rupert Murdoch has agreed to join me as Co-Chair of the Partnership. His wisdom and experience will be particularly valuable to guiding our efforts to help our City and State in this difficult economic period,” said Mr. Blankfein. “I also thank Victor Ganzi for his excellent contributions during his past two years as Co-Chair.”

“Rupert Murdoch has been an enthusiastic supporter of the Partnership and many of our activities, particularly in the area of public education,” said Partnership President and CEO Kathryn S. Wylde. “Like many adoptive New Yorkers, he brings a special passion for this city that makes him a perfect leader for the Partnership.”

In addition to selecting Mr. Murdoch as Co-Chair, Partnership Partners and Corporate Partners re-elected three distinguished private sector leaders to the position of Vice Chair: Candace K. Beinecke, Chair, Hughes Hubbard & Reed LLP; Kenneth I. Chenault, Chairman & CEO, American Express Company; and Terry J. Lundgren, Chairman, President & CEO, Macy’s Inc. At the meeting, Seth H. Waugh, CEO, Deutsche Bank Americas, was elected Treasurer, and Sy Sternberg, Chairman & CEO, New York Life Insurance Company, was re-elected Secretary.

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