FAIRLY UNBALANCED: As $71 Billion Dollar Disney Merger Deal Prepares To Finalize, Fox News Is Being Transformed Into A Progressive Liberal Platform
Over the past week, two key events took place that will tell you everything you need to know about what type of news outlet the new Fox-Disney station will be. First, Fox ordered that Conservative opinion show ‘Judge Jeanine‘ be dropped because she told the truth about Muslim congresswoman Rep. Ilhan Omar. The second thing that happened was the announcement that ultra-Liberal and former Democratic National Committee chief Donna Brazile would be getting her own show. Welcome to the “new” Fox News. Ugh…
Regular readers of NTEB were warned of the coming transition way back in 2017, when we warned you that Rupert Murdoch’s son James had plans to reinvent Fox News as a Liberal Progressive outlet. James Murdoch’s wife Kathryn is as anti-Trump as they come, and is a former employee of the now-defunct Clinton Foundation’s Climate Change program. At the time, James Murdoch was quoted as saying ““Fox News is an important brand, but it needs to develop, and, to some extent, be reformed,”. Well, looks like ‘reformation day’ has arrived.
R.I.P Fox News, as you go the way of all flesh. You have truly and literally become a Mickey Mouse organization, I won’t be watching.
Fox, Disney prepare to close transformative $71.3 billion deal
FROM FOX BUSINESS: For Fox, the sale ushers in a new era for Rupert Murdoch, whose son Lachlan is poised to take the reins of the slimmed-down company — known as Fox Corporation — that will include Fox News, national Fox Sports channels and the Fox broadcast network. It’s also a return to the company’s roots: From a small Australian newspaper, Murdoch built a journalistic juggernaut that now includes The Wall Street Journal, New York Post, The Sun, The Australian and dozens of other newspapers.
For Disney, the purchase bolsters one of Hollywood’s most lucrative catalogs of intellectual property and caps off a pricey wave of purchases under the leadership of CEO Bob Iger, who could leave the media conglomerate in 2021 with the envious portfolio of Marvel Studios, Lucasfilm and Pixar — all combined with studio 20th Century Fox’s decades of content.
It also serves as a centerpiece of Disney’s newest offering: a streaming platform packed with what analysts call an unrivaled TV and film library poised to differentiate it from the slew of other rivals in a fiercely competitive new market. Alongside its own plans, the deal will give the Burbank-based company a majority stake in Hulu — which Iger wants to expand internationally with a stronger slate of original content.
Disney “spends more on content than anyone else globally, it has decades of experience in making excellent content, it has a huge balance sheet with low leverage and it’s a brand that’s known the world over,” RBC Capital Markets analyst Steven Cahall wrote in a December note.
Announced in December 2017, the acquisition shocked the news and entertainment industries and left insiders questioning why Murdoch was opting to dismantle a Hollywood juggernaut built over the last 34 years.
Analysts and others rushed to figure out how the separation of the 20th Century Fox studio and other possessions would reshape the sector, while competitor Comcast scrambled to put in its own offer for the sprawling production empire – setting off a bidding war that would last well into the next year. Disney ultimately prevailed after increasing its offer from the original $52.8 billion.
While the companies sought global regulatory approval for the deal, they each acted quickly to lay the groundwork for their soon-to-be revamped operating structures. A slew of former Fox executives are poised to make the transition to the new company, but potentially thousands of layoffs are expected at Disney as it works to eliminate redundancies and integrate the new members of its portfolio.
Fox began trading on Wall Street on Tuesday as the new entity and the company rolled out its revamped board of directors, which now includes former House Speaker Paul Ryan, R-Wis., and Formula One Group CEO Chase Carey.
The new Fox entity will focus on advertising revenue and earnings from pay TV providers to drive growth, but some analysts warn it could be slow initially.
“While we continue to believe new Fox’s TV network portfolio has pricing power and may prove to be a better positioned portfolio than the larger [21st Century Fox’s], revenue growth will be lumpy,” Morgan Stanley analyst Benjamin Swinburne wrote in a note.
The firm heads into its new chapter after a strong February for its FOX News Digital division, which topped CNN with 1.5 billion total multi-platform views – a 9 percent year-over-year growth. Lachlan Murdoch is expected to address employees at a town hall address on Thursday.
A Fox Corp. spokeswoman declined to comment for this article. READ MORE
Now The End Begins is your front line defense against the rising tide of darkness in the last days before the Rapture of the Church
HOW TO DONATE: Click here to view our GoFundMe page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the building of the recording studio, but it also goes to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations.
But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 12,621 people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 151,781 followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 13,600 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
HOW TO DONATE: Click here to view our GoFundMe page
The post FAIRLY UNBALANCED: As $71 Billion Dollar Disney Merger Deal Prepares To Finalize, Fox News Is Being Transformed Into A Progressive Liberal Platform appeared first on Now The End Begins.
Source: https://www.nowtheendbegins.com/21st-century-fox-news-walt-disney-71-billion-merger-deal-complete-wednesday-liberal-transformation/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).