Rupert Murdoch is exploring reuniting his U.S news companies, bringing titles like the Wall Street Journal and Fox News under one umbrella.
For Murdoch, the hope is that the combination will put the companies in a stronger financial position, to improve cash flow that can be used for acquisitions or return of capital to shareholders, said a person familiar with the family’s thinking who was not authorized to speak publicly. The Wall Street Journal first reported the news.
Although Fox News is No. 1 in cable news and is often the most watched cable news network overall, it faces challenges. Fox News is highly dependent on cable subscriber fees, which are under pressure as more consumers go without pay TV.
Thanks Ronnie Ray-gun for this p.o.s. He should have his citizenship revoked.