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Paul Ryan joins board of Fox Corporation
By Zack Budryk - 03/19/19 10:01 AM EDT

Former House Speaker Paul Ryan (R-Wis.) will join the board of Fox Corporation, a new standalone entity that houses Fox News Channel and the Fox broadcast network, according to Variety.

Ryan will join Fox Corp. chairman and CEO Lachlan Murdoch, his father and Fox Corp. founder Rupert Murdoch, and former Ford CEO Jacques Nasser on the board.

Formula 1 Chairman and CEO Chase Carey, Aragon Global Holdings founder Anne Dias and Hernandez Media Ventures CEO Roland Hernandez are also set to join the board.

The new entity emerged Tuesday following the full separation of Fox Corporation from 21st Century Fox, which was acquired by Disney. Tuesday marks the first day 21st Century Fox and Fox are standalone, publicly traded companies, 21st Century Fox said in a statement to Variety.

“We are thrilled to welcome our new colleagues to the Fox board,” Lachlan Murdoch said in a statement. “We look forward to working with and being guided by them as we begin a new chapter, steadfastly committed to providing the best in news, sports and entertainment programming.”

Without its entertainment properties, the new entity will rely heavily on Fox News for revenue, Variety noted. About 86 percent of the company’s earnings will derive from cable programming, 90 percent of which will come from Fox News.

https://thehill.com/homenews/media/43468...fox-corporation

March 20, 2019
Tectonic plates are moving underneath Fox News
By Thomas Lifson

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:

Zitat

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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 conservative disliked by both Democrats and those who most strongly supported Trump. Although he advanced some of Trump’s agenda, particularly tax reform, as speaker, Ryan declined to defend Trump or campaign with him in the latter stages of the 2016 campaign.

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Ryan is also increasingly blamed for not passing funding for border wall construction while Republicans controlled both houses of Congress.

The acquisition of the film and television entertainment assets to Disney closed at midnight last night, so the restructuring of Murdoch assets now is complete, with Fox Corporation’s market cap more directly linked to the perceived television fortune of Fox News, along with Fox Sports and Fox Broadcasting.

The trading debut of Fox Corporation was not exactly auspicious, though not a disaster, either. The early dip would seem to indicate a rush of sales orders, but this failed to set off a sustained decline.

Coincidentally or not, this change in ownership coincides with the reported two week suspension of Judge Jeanine Pirro’s Saturday night ratings champion show, following her questioning of Rep. Ilhan Omar’s adherence to sharia, because she donned a hijab post-9/11.

President Trump’s tweeted support for her and expressed worries about his supporters at Fox being silenced.

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The rise of Fox News as the sole mass media counterpoint to the progressive media establishment changed American politics, and it has been a long-held goal of the Left, particularly Soros-funded attack dog Media Matters, to either destroy it or politically neuter it, thereby monopolizing all media with a large national reach. So, the question naturally arises, does this new ownership under the control of a new generation of Murdochs signal a chance for the Left to accomplish this critical goal?

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https://www.americanthinker.com/blog/201...h_fox_news.html