Even at a time when media consumption is splintering from traditional routes, particularly among younger people, Murdoch's influence is embedded in the country's information ecosystem because of its massive reach, media experts said.
His local properties include Sky News Australia, a cable TV channel fashioned on the partisan style of U.S. network Fox News.
"The Murdoch papers still have that key reach with working-class demographics that can still be influential," he said.
"He has been in lots of ways a controversial figure, but an influential figure too, and this is an end of an era at News."
Murdoch's exit cuts a native tie between News Corp and Fox Corp and Australia, where Murdoch was born.
Persons:
Rupert Murdoch, Jonathan Ernst, Rupert Murdoch's, Stephen Mayne, Murdoch, Mayne, Shane Homan, Honan, Jim Chalmers, Chalmers, Penny Wong, Malcolm Turnbull, it's, Turnbull, Lachlan Murdoch, James Murdoch, Byron Kaye, Jamie Freed
Organizations:
USS, Air, Space Museum, REUTERS, Rights, Fox Corp, News Corp, Sky News Australia, Fox, Sky, Monash, Australian Broadcasting Corp, Labor, Labor Party, News, America, ABC, Google, Thomson
Locations:
New York, U.S, Adelaide, Australia, Britain, Australian, Sydney, Canada