Paul Ryan joins Fox News…..SORTA

Paul Ryan has now joined Fox News, but not in an anchor chair or as a conservative pundit.

Rather, he’s joined their new board of directors as Rupert Murdoch splits his big FOX company.

Here’s more from the Daily Mail:

Paul Ryan has been appointed to the board of directors of the newly formed Fox Corp amid the ongoing sale of billionaire Rupert Murdoch’s 21st Century Fox.

Fox Corp, a new, stand alone company, which owns Fox News among other television assets, marks a new phase for Murdoch’s media business which now will rely heavily on its cable news and sports output for the bulk of its earnings.

The appointment marks his reemergence as a public figure. He joins previously announced board members Rupert Murdoch, Lachlan Murdoch and Jacques Nasser, plus Formula 1 CEO Chase Carey, who was also announced today.

Fox chairman and CEO, Lachlan Murdoch, who is Murdoch’s oldest son, said: ‘We are thrilled to welcome our new colleagues to the FOX board. We look forward to working with and being guided by them as we begin a new chapter, steadfastly committed to providing the best in news, sports and entertainment programming.’

Murdoch is selling his moving production studios but is keeping Fox News and his FOX broadcast station:

The separation is part of a $71 billion sale of Murdoch’s entertainment wing to Walt Disney Co., expected to be completed late Wednesday.

Murdoch retains the Fox News Channel and Fox broadcast network in the form of Fox Corp, while Disney will acquire the 20th Century Fox movie and television studios with its treasure trove of popular shows including The Simpsons and Modern Family.

The acquisition clears the way for Disney to launch its money-spinning Disney+ streaming service later this year.

As a side note, I expect Disney is really gonna give Netflix and other video services a run for their money, as they do own a lot of movies and TV shows. In ten years we might be wondering what happened to Netflix just like people don’t remember ‘Netscape’ from the 90s.

Also, it was reported yesterday that Fox News hired Donna Brazile, who got canned by CNN in 2016 after it was revealed she shared questions with Hillary Clinton before a presidential debate.

So yeah, that should work out well.


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