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Author | Time | Post |
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Sogo | Feb 2020 | OP |
pandr32 | Feb 2020 | #1 | |
LonePirate | Feb 2020 | #2 | |
mahatmakanejeeves | Feb 2020 | #3 | |
Sogo | Feb 2020 | #5 | |
CincyDem | Feb 2020 | #6 | |
roamer65 | Feb 2020 | #4 | |
Sogo | Feb 2020 | #7 | |
pecosbob | Feb 2020 | #8 | |
mahatmakanejeeves | Feb 2020 | #9 | |
Sogo | Feb 2020 | #10 | |
crickets | Feb 2020 | #12 | |
Jade Fox | Feb 2020 | #11 | |
SuprstitionAintthWay | Feb 2020 | #13 | |
NCLefty | Feb 2020 | #17 | |
bdamomma | Feb 2020 | #14 | |
pstokely | Feb 2020 | #15 | |
jcmaine72 | Feb 2020 | #16 | |
Captain Zero | Feb 2020 | #18 | |
marlakay | Feb 2020 | #19 | |
SmartVoter22 | Feb 2020 | #20 | |
arthritisR_US | Feb 2020 | #21 |
Response to Sogo (Original post)
Wed Feb 5, 2020, 01:50 PM
LonePirate (12,229 posts)
2. It would be the best money he could spend. Tilting that channel against 45 would improve America.
Response to Sogo (Original post)
Wed Feb 5, 2020, 01:54 PM
mahatmakanejeeves (45,075 posts)
3. He'd have to persuade the shareholders. NT
Response to mahatmakanejeeves (Reply #3)
Wed Feb 5, 2020, 01:57 PM
Sogo (3,230 posts)
5. Money talks.
And everyone's got their price....
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Response to mahatmakanejeeves (Reply #3)
Wed Feb 5, 2020, 01:57 PM
CincyDem (5,146 posts)
6. Shareholders are easily persuaded at the right price.
Even the most tenacious shareholder wilts in the face of a motivated buyer.
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Response to Sogo (Original post)
Wed Feb 5, 2020, 01:57 PM
roamer65 (31,213 posts)
4. Buy it up and shut it down.
Replace it with Bloomberg Business and Bloomberg News.
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Response to Sogo (Original post)
Wed Feb 5, 2020, 02:04 PM
Sogo (3,230 posts)
7. Bloomberg has said he is willing
to spend his entire fortune to get rid of Trump.
Start with buying Fox, Mike. Then the rwing radio stations. Then Sinclair. All that might turn down the heat some.... |
Response to Sogo (Original post)
Wed Feb 5, 2020, 02:05 PM
pecosbob (6,640 posts)
8. And then go away...
Response to Sogo (Original post)
Wed Feb 5, 2020, 02:09 PM
mahatmakanejeeves (45,075 posts)
9. He'd have to persuade the shareholders, Part the Deux
FOX CORPORATION ANNUAL MEETING OF STOCKHOLDERS
NOVEMBER 14, 2019 AT 10:00 AM PST Listen to webcast Form 8-K Notice of Meeting and Proxy Statement 2019 Annual Report 2019 Notice of Annual Meeting of Stockholders and Proxy Statement
EXECUTIVE SUMMARY {snip} The foregoing items of business are more fully described in the Company’s proxy statement. While all of the Company’s stockholders are invited to attend the Annual Meeting, only stockholders of record of the Company’s Class B Common Stock (“Class B Common Stock”) at the close of business on September 16, 2019 (the “Record Date”) are entitled to notice of, and to vote at, the Annual Meeting and any adjournment or postponement thereof. Holders of the Company’s Class A Common Stock are not entitled to notice and to vote on the matters to be presented at the Annual Meeting or any adjournment or postponement thereof. Important Information for Holders of Class B Common Stock It is important that your shares of Class B Common Stock be represented and voted at the Annual Meeting. If you are a holder of shares of Class B Common Stock, you may submit a proxy for those shares by telephone or the Internet by following the instructions on the Notice of Internet Availability of Proxy Materials, or if you requested a paper proxy card, you may submit your proxy by mail if you prefer. If you attend the Annual Meeting, you may vote your shares in person. Please review the instructions on the proxy card or the information forwarded by your broker, bank or other nominee regarding the voting instructions. You may vote your shares of Class B Common Stock in person even if you previously submitted a proxy. Please note, however, that if your shares of Class B Common Stock are held of record by a broker, bank or other nominee and you wish to vote in person at the Annual Meeting, you must obtain a proxy issued in your name from such broker, bank or other nominee. Whether or not you plan to attend the Annual Meeting, we urge you to submit a proxy for your shares of Class B Common Stock by telephone or the Internet or, if you requested a paper proxy card, by completing and returning the proxy card as promptly as possible prior to the Annual Meeting to ensure that your shares will be represented at the Annual Meeting. {snip} Voting: Holders of Class B Common Stock, par value $0.01 per share (“Class B Common Stock”), are entitled to one vote per share on all matters to be presented at the Annual Meeting. Holders of Class A Common Stock, par value $0.01 per share (“Class A Common Stock”) are not entitled to vote on the matters to be presented at the Annual Meeting. The Class A Common Stock and Class B Common Stock are referred to collectively in this proxy statement as the “Common Stock.” Unless the context dictates otherwise, all references to “you,” “your,” “yours” or other words of similar import in this proxy statement refer to holders of Class B Common Stock. {scroll down to page 50 of the report, which is page 56 of the .pdf} SECURITY OWNERSHIP OF FOX CORPORATION The following table sets forth the beneficial ownership of both Class A Common Stock and Class B Common Stock as of September 16, 2019 for the following: (i) each person who is known by the Company to own beneficially more than 5% of the outstanding shares of Class B Common Stock; (ii) each member of the Board; (iii) each named executive officer (as identified under “Compensation Discussion and Analysis — Named Executive Officers”) of the Company; and (iv) all Directors and executive officers of the Company as a group. Common Stock Beneficially Owned(1) Number of Shares Beneficially Owned Option Shares(3) Percent of Class(4) Name(2) Non-Voting Class A Common Stock(5) Voting Class B Common Stock(6) Non-Voting Class A Common Stock Non-Voting Class A Common Stock Voting Class B Common Stock(6) Murdoch Family Trust(7) c/o McDonald Carano, LLP 100 W. Liberty Street 10th Floor Reno, NV 89501 19,000 102,207,826 — * 38.4% K. Rupert Murdoch(8) 4,134,524 103,629,864 — 1.2% 38.9% Lachlan K. Murdoch(9) 151,524 1,952 — * * I can't get the table to format correctly, but what you need to know is that the Murdoch Family Trust, of Reno, NV, owns 38.4% of the Class B Common Stock, and K. Rupert Murdoch owns 38.9% of the Class B Common Stock. When I say that Bloomberg would have to persuade the shareholders, he'd have to persuade only one of those two shareholders to sell his (its) shares of FOX Corporation. Bear in mind that Fox News is just one part of FOX Corporation. Per the 2019 annual report, FOX Corporation "is anchored by FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations." It's possible you could get the Murdochs to spin off FOX News Media, but you'd still have to have lots of cash. |
Response to mahatmakanejeeves (Reply #9)
Wed Feb 5, 2020, 02:12 PM
Sogo (3,230 posts)
10. Bloomberg is worth 61 Billion.
There's room for a lot of persuasion....
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Response to Sogo (Original post)
Wed Feb 5, 2020, 10:43 PM
SuprstitionAintthWay (386 posts)
13. With the number of cable channels in existence and the no. of rightwing billionaires who'd love...
to wield the political power of a Murdoch, if somebody did buy FOX and close it down, unfortunately within a few months if not weeks a replacement would be up and operating.
FOX is at the root of so very many people's fucked-up thinking, it has been the single most guilty and malicious actor in driving our democracy to the edge of failure, and I would permanently eradicate its pestilence from our midst this instant if I could. But it'd be for naught; the improvement would be very short-lived. In a nation with a 1st Amendment, cable technology, and the obscenely wealthy oligarchs that America has, it's a sad fact that there's going to be a much-watched leading rightwing propaganda network masquerading as "news," into perpetuity now. Fox or its clone is an abomination that's simply out of its cage and isn't going back in. So buying FOX would be a waste of a lot of Bloomberg's money. The billions would buy a few glorious weeks of relief, and then it'd be right back to the same toxic crap that's been going on since 1996. |
Response to SuprstitionAintthWay (Reply #13)
Thu Feb 6, 2020, 03:31 AM
NCLefty (3,374 posts)
17. Agreed. The viewers would gladly run to the next big thing too.
Response to Sogo (Original post)
Wed Feb 5, 2020, 10:45 PM
bdamomma (61,442 posts)
14. Bloomberg
is an oligarch himself. He's got the money he could do it.
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Response to Sogo (Original post)
Wed Feb 5, 2020, 10:55 PM
pstokely (10,003 posts)
15. wouldn't the Kochsuckers outbid him?
if the Murdoch's decided to sell
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Response to Sogo (Original post)
Wed Feb 5, 2020, 11:03 PM
jcmaine72 (1,696 posts)
16. He already has his own cable & news network to unquestioningly disseminate his views.
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Response to Sogo (Original post)
Thu Feb 6, 2020, 03:37 AM
Captain Zero (4,238 posts)
18. and all the Limbaugh stations
nt
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Response to Sogo (Original post)
Thu Feb 6, 2020, 04:23 AM
marlakay (9,768 posts)
19. The cult people would just use the money
To start another station.
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Response to Sogo (Original post)
Thu Feb 6, 2020, 06:15 AM
SmartVoter22 (639 posts)
20. Better yet...
Apple buy Fox and eliminate all conservative coverage. Nothing, not a peep from the right wingers.
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Response to Sogo (Original post)
Thu Feb 6, 2020, 06:18 AM
arthritisR_US (7,020 posts)