Posted on 06/05/2017 1:51:33 PM PDT by Anti-Bubba182
".....Less than two months after O’Reilly’s departure, the Murdoch family fortune has declined substantially, as investors unsure of Fox News’ future have scrambled to escape what some think is a very slowly sinking ship.
According to an analysis by Forbes of the Murdochs’ fortune, the family’s net worth is estimated to have declined by more than $1 billion since April 1.
Forbes reports the decline is largely due to falling stock price of 21st Century Fox, the parent company of Fox News. On March 28, just a few weeks before O’Reilly was dismissed, the share price of 21st Century Fox was $32.44. On Friday, it was trading around $27.93, a decline of 13.9 percent. About 70 percent of the Murdoch fortune is invested in 21st Century Fox stock.
Investors’ sell-off of Fox stock has been due largely to concerns over whether Fox News, one of 21st Century Fox’s most important businesses, can recover after losing O’Reilly and enduring numerous other scandals....."
(Excerpt) Read more at theblaze.com ...
Expensive lesson, eh, nitwits?
That’s a fact! Letting Murdoch Jr. drive guarantees a wreck.
Good, but sadly, I don’t think that the cretinous Murdochs care.
Hope their stock goes to zero!
But The Kids Are Alright
I wouldn’t go back if they paid me at this point. Far too many burned bridges and one too many drama queens named Shep.
I don’t think the sons care. They will get theirs anyway.
It’s a damn shame.
The Murdoch’s really bit off the hand that was feeding them when they offed O’Reily. Really quite a stunning betrayal by them.
One of the most momentous periods in his lifetime, O’Reilly will not sit this out doing podcasts.
It’s not just about breaking faith with their customer base.
It’s mostly about becoming SJW converged.
Every business that allows this begins to die as soon as the SJWs make themselves apparent in the actions of that business, unless the business is just about appealing to that excessively small, extremely minor money flow market.
They could have fought back or rode it out, but the sons did not want to. The result is serious damage.
Agree 100%
A billion here, a billion there.
Pocket change for those guys.
For many,such as Target and FOX, their agenda is more important than profits
This is since April in an up Market. Not good.
Boys will be boys.
His kids lost a Billion Dollars in 6 months.
Schadenfreude
Burn baby burn. I hope this two geniuses end up scrubbing toilets soon.
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