Rupert Murdoch and the rise and fall of the press barons: how much power do newspapers still have?

Rupert Murdoch speaks to the media outside the One Aldwych Hotel in London.

Global media tycoon Rupert Murdoch has announced his retirement as chairman of Fox and News Corp, making way for his son Lachlan. He has been demonised as a puppet master who would pull the strings of politicians behind the scenes, as a man with too much power. But what influence did he and his fellow media moguls really wield?

The day after the 1992 UK general election, Murdoch’s tabloid The Sun claimed credit for the Tory victory with the notorious headline “It Was The Sun What Won it”. Murdoch subsequently denied he had such influence.