Tectonic plates are moving underneath Fox News

Under capitalism, ownership brings control, and Fox News has a new corporate parent that began trading yesterday on NASDAQ.  There are reasons for conservatives to be deeply concerned. Sarah Ellison and Paul Farhi write at the Washington Post: Fox's parent company is undergoing a generational change — one that produced another, perhaps more subtle sign of independence from the president. On Tuesday, Fox Corp. began public trading as the new parent of Fox News, Fox Entertainment and Fox Sports; the company is the result of 21st Century Fox's sale of its film and television assets to Disney Corp.  The new company is headed by Lachlan Murdoch, the eldest son of Rupert Murdoch, who co-founded Fox News with Roger Ailes and remains a controlling shareholder in Fox. Among Fox Corp.'s first acts in business: appointing former House speaker Paul D. Ryan to its board of directors.  Ryan is, of course, an establishment...(Read Full Post)
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