![]() ![]() It claimed the network repeatedly broadcasted lies about the company, including that it rigged the 2020 presidential election and paid kickbacks to government officials. ![]() Lachlan Murdoch thinks Fox would have won the Dominion trialĭominion, the company that owned voting machines used in the 2020 election, filed a lawsuit against Fox for $1.6 billion in 2021. A merger also looked advantageous to shareholders, Lachlan said.ĭuring merger discussions, CoStar Group-the commercial real estate company that owns - made a $3 billion bid to acquire News Corp’s real estate site and other assets, which made the merger too complicated, according to Lachlan. It is the leading media conglomerate in Australia and owns a series of British newspapers and tabloids. While Fox is U.S.-based, News Corp has strong ties in international markets. The idea behind the union was to “broaden the geographic spread of Fox,” Lachlan said at the conference today. In October, Rupert proposed to merge Lachlan’s Fox with his own’s News Corp, which had been one company until 2013. Why didn’t the News Corp merger go through? Earlier this year, Rupert called off the potential merger with News Corp. Days prior to Carlson’s departure, Fox settled the lawsuit with Dominion Voting Systems-which accused the network of defamation related to its coverage of the 2020 election-at the price of $787 million, 5.6 percent of its 2022 revenue. In April, the news station parted ways with Tucker Carslon, its primetime star who brought in the most advertising dollars. Fox has been the subject of many news stories in recent months. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |