“Finished” Fox News

“Finished” Fox News

Fox News as we know it is finished, predicts Murdoch biographer Michael Wolff

Wolff said the decisions to part ways with Shine, O’Reilly, and Ailes were driven by Murdoch’s sons.

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I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. And who knows whether he will be a wise man or a fool? Yet he will have control over all the work into which I have poured my effort and skill under the sun.

This too is meaningless. So my heart began to despair over all my toilsome labor under the sun.

For a man may do his work with wisdom, knowledge and skill, and then he must leave all he owns to someone who has not worked for it.

This too is meaningless and a great misfortune.  (Ecclesiastes 2:18-21)

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Article Reference

(cnbc.com)—But Wolff thinks an O’Reilly-less lineup is “completely not sustainable,” calling the troubles at Fox News “a wide open opportunity” for rivals who want to reach a right-leaning audience.
“All those ratings happened because [of] O’Reilly at 8 o’clock. You just have a fall off of his audience across the night. … Now you start with a lower baseline,” Wolff said. “We are just left with a network that has a significant penetration but no reason for people now to really watch it.”
Wolff said the decisions to part ways with Shine, O’Reilly, and Ailes were driven by Murdoch’s sons.

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James Murdoch is CEO of 21st Century Fox and older brother Lachlan is executive chairman.
“It is the decision the Murdoch sons wanted,” Wolff said. “They don’t want it tainted by Murdoch politics and ideology.”
“I think it’s the wrong decision from a shareholders’ position,” Wolff added. “This is going to cost them an enormous amount of money.”
Fox did not immediately respond to CNBC’s request for comment.
— Disclosure: NBC and CNBC are owned by Comcast’s NBCUniversal unit.

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