Rupert Murdoch, “Fox is getting record ratings”

Rupert Murdoch, “Fox is getting record ratings”

Rupert Murdoch, “Fox is getting record ratings”

$FOX, $FOXA

“Fox News is getting record ratings, and so I’m not worried at all,” Rupert Murdoch told a BBC reporter.

Despite dealing with sexual harassment allegations and recent exits of big names at the network, Rupert Murdoch insists “nothing is happening at Fox News.”

A BBC reporter approached him recently in Manhattan asking if he is worried about how the “Fox Scandal” might affect his deal to fully acquire European TV giant Sky, or if “what’s happening at Fox News” will be bad for future deals.

Mr. Murdoch replied that “nothing’s happening at Fox News.”

“Fox News is getting record ratings, and so I’m not worried at all,” he continued.

“Are you worried about Ofcom?” asks BBC reporter Amol Rajan, referring to the UK regulatory body that will rule whether it’s appropriate for 21st Century Fox (NYSE:FOX, NASDAQ:FOXA) to acquire the 61% stake in Sky it doesn’t already own.

“You should be worried about the BBC,” Mr. Murdoch said to Mr. Rajan.

When the reporter mentions that Fox News has lost three of its “top people,” Murdoch interrupts and refers to former co-president Bill Shine’s exit: “Not the third person at all. Nothing against him, and the other two are quite separate, so goodbye.”

Mr. Shine, who had been with the network since its Y 1996 launch, exited the company on 1 May, almost a year after former Fox News chief Roger Ailes resigned on sexual harassment allegations and shortly after cable news Star Bill O’Reilly left the network.

In Y 2010, Mr. Murdoch’s media empire also attempted a takeover of Sky, it was scuttled  by the phone-hacking scandal that resulted in the shuttering of popular Murdoch newspaper News of the World.

HeffX-LTN Analysis for FOX: Overall Short Intermediate Long
Bearish (-0.37) Bearish (-0.44) Bearish (-0.27) Bearish (-0.39)
HeffX-LTN Analysis for FOXA: Overall Short Intermediate Long
Bearish (-0.33) Bearish (-0.46) Neutral (-0.23) Bearish (-0.31)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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