Trump, Fox News, and Murdoch

joe8

margarine sandwich
15 Year Member
I have read an interesting newspaper article from Australia, which includes information on how Murdoch's influence on Fox News could be curtailed. Without Murdoch's control, Fox News would just be a regular conservative channel, instead of being far-right. The Murdoch family owns 17% of the shares in 21st Century Fox (which owns Fox News), but somehow has a controlling share (about 40%) of the voting rights. So, I can't see how that's democratic. It should be one vote, one value. There have been organizations trying to change the situation (at the Annual General Meetings), like the Nathan Cummings Foundation (an activist investor organization in the United States). They have come close to succeeding, and there is another AGM later this year.


Here is a link to the article:
http://www.thesaturdaypaper.com.au/opinion/topic/2018/06/16/murdoch-and-trump-sons-oligarchy/15290712006372
 
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