Elisabeth Murdoch (businesswoman)

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For other people named Elisabeth Murdoch, see Elisabeth Murdoch (disambiguation).

Elisabeth Murdoch (born 22 August 1968) is a British American television industry and international media executive. She is the Chairman and CEO of Shine Limited, a television production company with offices in London and Manchester.

Biography[edit]

Early life[edit]

Elisabeth Murdoch was born on August 22, 1968 in Sydney, Australia. Her father is Rupert Murdoch and her mother, Anna Murdoch Mann (born 1944). She was named after her philanthropist grandmother, Dame Elisabeth Murdoch. She attended schools in New York City and graduated from Vassar College.

Career[edit]

She started her career as a manager of program acquisitions at her father's FX Networks, a cable television service based in Los Angeles, California. 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 re-organised and re-sold the stations at a $12 million profit.[citation needed]

She moved with her first husband to England where Rupert Murdoch was running BSkyB after forcing a 1990 merger with BSB. The early years of BSkyB saw a haemorrhage 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 UK. 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 earned opprobrium after brokering her father's £623.4 million bid for England's champion Manchester United team.[citation needed]

After quarreling publicly with Chisholm, she veered 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.[1] 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.[citation needed]

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.[2]

In 2011, she sold Shine to News Corporation.[3]

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

Personal life[edit]

Elisabeth Murdoch's first marriage was to 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.[5][6] They had two children:

  • Cornelia (born 1994 in New York)
  • Anna (born 1997 in London)

They divorced in 1998.

Her 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 wed on 18 August 2001 in a ceremony at Blenheim Palace, and divorced in 2014.[7] They have two children:

  • Charlotte Emma Freud, born 17 November 2000
  • Samson Murdoch Freud, born 13 January 2007.

From 2008, they resided at Burford Priory in Oxfordshire, where they were key members of the Chipping Norton set.[8][9] They also owned a home in Notting Hill, London.[10] In 2008, they hosted a fundraiser for Barack Obama.[10]

References[edit]

  1. ^ "Murdoch to buy daughter's company". The Canberra Times. 10 February 2011. Retrieved 19 September 2011. 
  2. ^ That old succession, The Age, 2003-12-30 
  3. ^ Elisabeth Murdoch lands £153m from Shine buyout, Dan Sabbagh, The Guardian, 5 April 2011
  4. ^ BBC Radio 4, Woman's Hour Power list
  5. ^ ENGAGEMENTS; Elisabeth Murdoch, Elkin K. Pianim, The New York Times, 24 January 1993.
  6. ^ WEDDINGS; Elisabeth Murdoch and Elkin Pianim, The New York Times, 12 September 1993.
  7. ^ Gosden, Emily (5 October 2014). "Elisabeth Murdoch and Matthew Freud to divorce". telegraph.co.uk. Retrieved 15 October 2014. 
  8. ^ 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. 
  9. ^ Caroline Dewar (2012-03-05). "Who's who in the Chipping Norton set". The Daily Telegraph. Retrieved 2012-05-06. 
  10. ^ a b Michael Luo, Murdoch’s Daughter Hosts Obama Fund-Raiser, The New York Times, April 1, 2008

External links[edit]