Lachlan: the unlikely winner from the Murdoch family’s latest saga

‘Fox’ will be home to Fox News, the 24-hour cable news channel, which for better or worse, (mostly worse) has had a bigger impact on the world than anything else the Murdochs have done.

Fox News has dominated conservative politics in the US for the better part of the past two decades. It’s also widly profitable.

The new Fox (which also will house the Fox Business and Fox Sports cable channels, plus the Fox free to air broadcast network in the US) is expected to spit out $US10 billion in annual revenue, and $US2.8 billion in earnings (before interest, tax, depreciation, and amortisation).

But almost all of those earnings, or $US2 billion of them, according to Credit Suisse, will come from Fox News.

via Lachlan: the unlikely winner from the Murdoch family’s latest saga

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.