Murdoch family launches a new Fox; former House Speaker Paul Ryan joins company's board

[Zorro]

Source: LA Tmes

Rupert Murdoch’s 21st Century Fox has spun off various television assets — including the Fox News Channel and Fox broadcast network — to form a new company that will be known simply as Fox Corp.

The spinoff completed early Tuesday is part of a multi-pronged process that will culminate with the $71.3-billion sale of the rest of Murdoch’s entertainment company to Walt Disney Co. The company announced that it had finished the process of issuing shares in the new Fox Corp. to investors of 21st Century Fox.

Fox announced its board members, including former U.S. House Speaker Paul D. Ryan (R-Wis.). Other board members include Rupert Murdoch, Lachlan Murdoch, Anne Dias, Chase Carey, Roland A. Hernandez and Jacques Nasser.

The new Fox is now “a standalone, publicly traded company,” the company said. Its shares are listed on the Nasdaq market; Tuesday marks the first day of trading.

Read more: https://www.latimes.com/business/hollywood/la-fi-ct-fox-spinoff-20190319-story.html

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I am somehow not surprised by this move by Ryan.

[rurallib]

1. Paulie gets his payoff for carrying their water rather quickly

[turbinetree]

2. That didn't take long..........................Eddie Munster sitting on board

............................in a room.....................with other propagandists.......................making millions.............

[BlueIdaho]

3. Great!

Let’s buy up controlling interest and force it to its knees. While we’re at it, we can make that geek scrub the toilets.

[LiberalLovinLug]

4. Where is the Great Liberal Hope?

A more liberal minded billionaire to start a media empire. Maybe 'liberal billionaire' is an oxymoron. George Soros, Warren Buffet, Bill Gates even?

All I see on the horizon is more and more RW fake news networks rising and consolidating the airwaves. Sinclair Group and now this. Its already so skewed to the right in general. Its depressing.

[Bengus81]

5. In morning trading, Fox shares were down 4% to about $40 a share.

Bawhhahhaaaa...don't those Trumpanzies know their supposed to be buying that crap with their last dollar?? Opened around $51 per share now in the 39.00 range. LOL.............

All the Magots are beating up on FOX for hiring a "liberal" like Paul Ryan. Hmm...didn't know a liberal would vote a dozen times to KILL OFF the ACA like Ryan did.

[TeamPooka]

6. Sell. nt

[lindysalsagal]

7. Can anyone interpret this for me? If it's publicly traded,

The shareholders and profits call the shots, so, does that remove Murdoch's control to use it for his crony friends' business interests? I don't know what this means for their lying. Is this because Mueller and sny are about to expose them, or even accuse them?

[DeminPennswoods]

8. Liberal "activist" investors could certainly start

buying up shares and then force a management re-organization. It's what guys like Ichan, etc, do, except this would be for good, not evil.