The American people need to understand that the news media is owned by powerful families and corporations who push one political agenda or another. Fox News is no different. Many critics think that they are playing the American people against one another with their stranglehold on media.
News Corporation - Wikipedia, the free encyclopedia
News Corporation (often abbreviated to News Corp.) is the world's second largest media conglomerate (behind Walt Disney Company) as of 2008 and the world's third largest in entertainment as of 2009.
The company's Chairman,
Chief Executive Officer and Founder is Rupert Murdoch. (Pictured Above)
In August 2005 the Murdoch family owned only about 29% of the company. However, nearly all of these shares were voting shares, and Rupert Murdoch retained effective control of the company. Nonetheless, John Malone of Liberty Media had built up a large stake, with about half of the shares being voting shares. Therefore, in November 2006, News Corporation announced its intention to transfer its 38.5 per cent managing interest in DirecTV Group to John Malone's Liberty Media; in return it bought back Liberty's 16.3% shares in News Corp., giving Murdoch tighter control of the latter firm.
Murdoch sold 17.5 million class A shares in December 2007.
Saudi prince Al-Waleed bin Talal, who is an investment tycoon and chairman of the Kingdom Holding Company, said in an interview with Charlie Rose that he had about a 6-7% stake in News Corp.
Years after when Elektra Records was absorbed in 2004, News Corporation owned half of the re-issues from the record label company.
Is the owner of Fox News and the reporters really fair and balanced? Or is it mostly propaganda to influence elections and public opinion? You decide!