The son of Sir Keith Murdoch, Rupert inherited the afternoon newspaper Adelaide News at age 21 and developed the News Limited business into the second biggest media conglomerate in the world by the early 21st century.
His empire included newspapers, television and movie production in the United States, Europe, Australia and Asia. His political influence was considered immense and controversial.
In Australia, his newspapers covered more than 60 per cent of the daily metropolitan and national market. His induction to the Hall of Fame was primarily based on his introduction of the fresh innovative national daily The Australian, which lost money for many of its first 50 years but forced rival publishers to invest in quality journalism, thus lifting general standards.
Watch the video tribute: