3 ms·

Why doesn't he just buy Fox News?

• akhilcacharya 7y ago
  ...it's not for sale? Never really understood this line of attack.
  • dukoid 7y ago
    It was a serious question where I don't know the answer... Shares are publicly traded at NASDAQ. The Murdoch family seems to hold 39% (of the shares with voting power?) according to Wikipedia... Not sure how feasible it would be to buy enough of the rest if money wasn't an issue?
    • Thrymr 7y ago
      That would require a hostile takeover, which is no simple thing. News Corp has a market cap of >$8.6 billion. It almost never happens that anyone can buy a controlling interest (of a sizeable corporation) on the open market without an explicit agreement from the board of directors.
  • hacym 7y ago
    I've watched enough of Succession to know that everything is for sale.
    • three_seagrass 7y ago
      Underrated TV show. They even had one of the media conglomerate kids running for president.
  • three_seagrass 7y ago
    It's certainly not doing well though. Disney specifically ditched it as part of the Fox takeover.
    • ep103 7y ago
      Why is that a bad thing? It means the murdochs are now rich in cash from the acquisition, and free to concentrate on their news division, which was always his primary concern.
      • three_seagrass 7y ago
        Murdochs did not want to sell. There was a semi-hostile takeover, involving a Saudi prince, that allowed investors to sell off the profitable franchises to Disney. It's a fairly interesting story if you find the time to read it.