Free Republic

Fox News paid $787 million to settle a recent lawsuit on its reporting after the 2020 election to avoid a divisive trial and lengthy appeals process, its parent company’s chief executive said on Tuesday. Lachlan Murdoch, executive chairman and CEO of Fox Corp., also noted that a Delaware judge “severely limited” Fox’s defenses against Dominion Voting Systems, which said the network defamed it by airing bogus charges of election fraud that it knew was untrue. Fox Corp. announced Tuesday that it had lost $50 million the previous three months, which it attributed to the lawsuit settlement. Murdoch, who answered questions...

Gabriel Sherman reports in Vanity Fair that internal divisions are arising in Fox News’ coverage of U.S. President Donald Trump Gabriel Sherman reported in Vanity Fair Tuesday that internal divisions are arising in Fox News’ coverage of U.S. President Donald Trump. Sherman’s report came the day before 21st Century Fox sold off large assets to Disney and began trading under a new name — Fox Corp. "Donald Trump's alliance with Fox News has been one of the few constants throughout his shambolic presidency," Sherman wrote. "But in recent days, that bond has shown signs of fraying. "Reporters are telling management...

Under capitalism, ownership brings control, and Fox News has a new corporate parent that began trading yesterday on NASDAQ.  There are reasons for conservatives to be deeply concerned. Sarah Ellison and Paul Farhi write at the Washington Post: Fox’s parent company is undergoing a generational change — one that produced another, perhaps more subtle sign of independence from the president. On Tuesday, Fox Corp. began public trading as the new parent of Fox News, Fox Entertainment and Fox Sports; the company is the result of 21st Century Fox’s sale of its film and television assets to Disney Corp. The...

...The bitter battle has all the hallmarks of a classic family drama. It pits the toddler children of Mr. Murdoch and Ms. Deng, a Chinese-born woman in her mid-30s, against Mr. Murdoch's children from his first two marriages. One of the key debates: Who should inherit the family's $6 billion fortune and Mr. Murdoch's control of News Corp.... But despite his job title, one of the few businesses Lachlan had a free hand in managing was one of News Corp.'s smallest, the New York Post, a tabloid paper that was one of his father's first acquisitions after he moved to...