Thursday, June 11, 2015


This morning, CNBC reported what seemed to be good news:
Rupert Murdoch, the 84-year-old CEO and controlling shareholder of 21st Century Fox, is preparing to step down as CEO of the media giant and hand that title to his son James, according to numerous sources close to the Murdoch family.
Murdoch's old News Corporation split into two companies not long ago: 21st Century Fox and News Corp. Fox News is part of 21st Century Fox. So Murdoch's departure means changes for Fox News, right?

No, not really. Here's more from the CNBC story:
... Rupert Murdoch will continue to be the executive chairman of Fox, while his son Lachlan would also become an executive co-chairman of the company.
So Murdoch's not really leaving. And:
As part of the management reordering at Fox, its COO, Chase Carey, will step down from that role and take on a yet undefined role as an advisor at the company....

While no one doubts that the elder Mr. Murdoch will still have the final say at whatever goes on at Fox, Carey's stepping down as COO will leave the company without a layer of senior management outside the family for first time.
So, if anything, Murdoch and his family will be more tightly in control of 21st Century Fox than they are now.

And, with regard to Fox News, The Hollywood Reporter is now telling us this:
... it appears that the older Murdoch's involvement in Fox News Channel isn't changing.

Covering the story on Thursday morning, Fox Business News announced that Fox News chairman and CEO and Fox Television Stations Group chairman Roger Ailes will continue to report directly to Rupert Murdoch and run the top-rated cable news network.
So there you go -- Murdoch and Ailes are still running the place, buddies that they are:
Ailes and the older Murdoch have long had a close relationship, founding the network in 1996 and making it the dominant force in cable news. "If he's in town, the door may open and he'll walk in and plop down. He just hangs out for an hour, wrecks my schedule," Ailes recently said of their working relationship in a THR cover story. "He likes Fox News, so I don't have a lot of business discussions with him."
All of which is a shame, because:
Murdoch's sons, James and Lachlan, are known to have differing political views from their conservative father -- and Ailes relationship with the pair is said to be less close. He characterized them as "smart" and "capable," adding "I don't know them very well. I don't interact with them on a daily or even weekly basis."
So eventually Fox will change, but not until, at the earliest, 2016:
Ailes current contract is up for renewal in 14 months, just a few months shy of the 2016 election. When recently asked if he'd sign an extension, the 75-year-old replied, "They haven't asked me to."
Will Ailes deliver the ratings? Will Ailes get a president elected after failing the last two times out? Will age finally take its toll on Rupert Murdoch and put Fox News fully in the control of his non-right-wing-zealot sons? Time will tell. For now, though, the flow of active spew from Bullshit Mountain will continue unabated.

1 comment:

Victor said...

The sons may not be as conservative, but I'm pretty sure they're fairly savvy business men.

And, unless you go and get an American MBA - like W, and countless other corporate screw-ups - you know not to mess with success.
You don't change the ingredients for Hellman's Mayo or Heinz ketchup. You can add a Wasabi-mayo or pineapple ketchup, but you don't mess with success. See:
Coke, New.

So, until their ancient audience finally dies off, and their ratings start to, and continue, to tank, there'll be no changes in the tried-and-true (DUMB)FOX "news" format.
They'll continue their brand of uber-"Christian," pro-corporate Plutocracy, and bashing of women, the poors, non-Christians. and minorities.