The companies said in nearly identical press releases that they had received a letter from Murdoch indicated that both he, and his son Lachlan, determined a combination of the two companies was not “optimal” for shareholders at this time. The companies said that their special committees that had been created to examine the possible merger had been dissolved and thanked them for their “efforts on this matter.” It’s unclear why Murdoch has chosen to suddenly abandon the deal.
Independent Franchise Partners, a significant investor in Murdoch’s companies, said in late November that it opposed the deal. Murdoch had proposed the deal last fall, nearly a decade after Fox Corporation and News Corporation split apart in 2013. His move to reunite the two arms of his media empire came after he sold most of his Fox assets to Disney in 2019. Fox Corporation operates the right-wing channel Fox News, in addition to Fox Sports and Fox TV Stations.
He will be paying Dominion billions
I’m surprised he hasn’t file chapter 11 to protect himself
Fox News obliterated CNN during the primetime hours of 8-11 p.m., averaging nearly two million total viewers compared to only 444,000 for CNN !! 😂😂😂
he could merge with CNN and pick up 30,000 slack jawed Dems
Fake news corporations
A sensible merger would be with Russian state TV
Meanwhile, I’ve abandoned plans
lol, probably because News Corp actually has to report facts, and if it merged with Fox News, they have to abide by journalistic integrity. But Fox News makes all their money through sensationalism
How do these elites live so long 🤔 It would make you sick if you knew
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