News Focus
News Focus
Post# of 218701
Next 10
Followers 75
Posts 113826
Boards Moderated 3
Alias Born 08/01/2006

Re: janice shell post# 124328

Saturday, 04/06/2019 12:33:02 AM

Saturday, April 06, 2019 12:33:02 AM

Post# of 218701
Murdoch does entertainment for money, news for power. To some who watch Fox entertainment but not his news it
might go something thing like that. Those who watch both may see much of the entertainment only superficially.
After Disney's move in it will be interesting if you notice much change over time in the entertainment.

As for Fox News

Disney acquiring Fox means big, scary things for film and TV

Here are five reasons the deal is terrifying — and only one of them is increased media consolidation.

By Todd VanDerWerff@tvotitodd@vox.com Dec 14, 2017, 1:30pm EST

[...]

3) Wherever Rupert Murdoch ends up, he’ll have $52 billion more to play around with

The real wild card in this deal is what happens to Rupert Murdoch. He and his family now own 5 percent of Disney and will hold seats on the company’s board of directors. But Murdoch, by most accounts, has always preferred the worlds of news and sports to the world of movies and scripted TV.

The important thing is this: Murdoch has long wanted to take Fox News international, previously via a furtive, aborted attempt to port the model to the UK. The jury’s out on whether he can actually accomplish this (the network may simply be too wedded to the US Republican Party in the eyes of overseas viewers), but it’s not as if socially conservative, jingoistic nationalism can’t gain a foothold in other countries. One hitch in this is that Fox sold off many of its international TV assets in the Disney deal. Yet if any media platform can figure out a way to make that work, Fox News seems as likely as anybody else.

Couple that with the Fox broadcast network’s need for cheap programming (which would likely include news programming) and Fox Sports 1’s inability to get out of the shadow of Disney-owned ESPN, and you have what amounts to a company that exists largely to keep the Fox News business humming along. (News Corp, of course, still owns a number of print publications, including the New York Post and the Wall Street Journal.)

Of my five points, this is by far the most speculative. To be sure, it’s unlikely this will happen overnight, and it might take as long as a decade or two. But the successful future of the Murdoch empire is now tied largely to the successful expansion of Fox News. And the most likely path to chart leads out of the US and overseas.
https://www.vox.com/culture/2017/12/14/16764472/disney-fox-deal-merger

It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today