Time to Break Up the Murdoch Media Empire

Guido is an admirer of Rupert Murdoch and the global role he has long played in political affairs. During the Cold War his media assets supported political leaders who stood firm against the Soviet threat, his papers banged the drum in support of the free enterprise system; in Britain he broke the print unions’ resistance to change and progress at Wapping, his satellite television networks brought competition and choice around the world. For decades his broadcast networks and newspapers have given editorial support to parties and politicians fighting collectivism around the globe. Nor should we forget that Bart Simpson entertained the world’s children in a reckless way that has always annoyed the woke.

Nevertheless, the power and influence that he has wielded for good should not, perhaps, outlive him. Lachlan Murdoch, CEO of Fox, appears to be the only heir in his father’s image, and Guido has long feared that – outvoted by his siblings – control in the hands of James and Elisabeth Murdoch would result in a very different drumbeat from the Murdoch Media Empire. It would be progressive, woke and carbon neutral. We would no longer hear or read the voices passionate in their support of free enterprise and the free markets that have brought prosperity to hundreds of millions people since the fall of communism.

Filings just released in the US show that James Murdoch and his wife Kathryn spent $20 million opposing Donald Trump’s 2020 re-election while funnelling another $100 million through Quadrivium, a not-for-profit they control, to support left-wing political groups. James backed Democrat candidates, according to CNBC, who found the large contribution while reviewing the 2019 tax return documents of Quadrivium. James quit the News Corporation board over “disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions.”  The New York Post and The Wall Street Journal both have conservative opinion sections.

Could Rupert ever bring himself to break up his life’s work? Well he has already divested himself of Twentieth Century Fox to Disney and British Sky Broadcasting to Comcast. Maybe he thinks the same as Guido…

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Trump on the Hush Money Payments

Now we know for sure why Melania never smiles. At the end of the day will Trump voters really care that he paid off bimbos? America knew what they were getting from the thrice-married President…

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Murdoch’s De-Risked With Disney

Tom Watson can barely contain himself: “This is the end of an era for the Murdochs who after decades of aggressive empire expansion are now in retreat.” The left is celebrating because their blood enemy of half-a-century is “in retreat”. If it is a retreat then it is a luxurious one. Disney is paying $52 billion for the Fox assets Murdoch is selling, which includes Sky in the UK. It pleases Rupert’s legion of enemies that he has lost the battle for total control of Sky…

As some of the more sober analysis on the business pages has noted, Fox stock is up 30% since the bid speculation started; Murdoch is selling at the top. Disney is gearing up for a streaming war with Netflix, Amazon and Apple. Content libraries are the key weapon in that war. Fox is getting a full premium for that treasure without the risk of becoming a casualty. Rupert could again – as he was at the dawn of satellite television – be ahead of the game. The billions in profits generated by Sky may dazzle investors now; those with more vision can see that the future of universal fast broadband and the shift to mobile means this tsunami of subscription revenue could recede very quickly. The Pay TV assets Murdoch has sold to Disney could never have it better…

Murdoch still has control of Fox News, the most lucrative news channel on earth. He still has News Corp’s newspapers around the world and a big chunk of Mickey Mouse’s stock. Fox also now has billions in cash and cash flow with which to make Murdoch’s next move…

UPDATE: Murdoch tells Maria Bartiromo that he wants to be out of entertainment and in real-time news:

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R.I.P. Roger Ailes, Genius Founder of Fox News

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Milo Riots at Berkeley

Free speech under attack as Milo’s appearance provokes riots at Berkeley. President Trump has Milo’s back:

He was going to appear in a full red Indian costume to discuss “cultural appropriation”….

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Farage Hired By Fox News

Breaking Stateside:

FOX NEWS CHANNEL SIGNS FORMER UK INDEPENDENCE PARTY LEADER NIGEL FARAGE TO CONTRIBUTOR ROLE

NEW YORK — JANUARY 20, 2017— FOX News Channel (FNC) has signed former United Kingdom Independence Party Leader (UKIP) Nigel Farage as a contributor. In this role, he will offer political analysis across FNC and FOX Business Network’s (FBN) daytime and primetime programming.

Nige makes it big in the US…

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