FILE - Rupert Murdoch introduces Secretary of State Mike Pompeo during the Herman Kahn Award Gala, in New York, Oct. 30, 2018. Rupert Murdoch has pulled the plug on a proposal to bring together his News Corp. and Fox Corp., saying the merger wasn't coming at the right time for shareholders. In similar statements Tuesday, Jan. 24, 2023, the companies said their boards received letters from Murdoch withdrawing the plan.
NEW YORK — Rupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp., saying the merger isn’t coming at the right time for shareholders. “Mr. Murdoch indicated that he and Lachlan K. Murdoch have determined that a combination is not optimal for shareholders of News Corp. and Fox at this time,” the statements said.
Wouldn't it be nice if both companies went down the toilet..
They'll merge under the new banner: Dominion News
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Fox Corp may be about to experience an existential moment via the Dominion lawsuit, and subsequent fallout that could domino into a host of other problems. If you are a News Corp shareholder, then 'never' is the right time to reunite with Fox 'News'...
Yeah, Fox and News just don't go together.
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