If Bloomberg really wanted to defeat Trump

[Dem4Life1102]

he should buy FAUX news. He can afford it.

[HarlanPepper]

1. Is it for sale?

[Dem4Life1102]

3. Everything is for sale

if you have enough money and Bloomberg does.

[TwilightZone]

5. No, it's not.

Conservatives didn't amass this media empire just to turn around and sell it. The propaganda value is worth more than whatever the sale price would be.

[Dem4Life1102]

9. For Murdoch it's all about the money

[TwilightZone]

12. No, it's not.

Murdoch started Fox News to be a propaganda operation for conservatives. It's doing exactly what he wants it to do.

If it was all about the money, he would have sold out long ago.

[Dem4Life1102]

17. Actually he didn't

It was Roger Ailes that turned it in to a RW propaganda network. That is well documented. Murdoch just wants to make money.

[HarlanPepper]

6. I'm not sure about that

Not in this case. Fox News is one of the most important amplifiers of GOP and Trump propaganda. It’s a valuable tool for them.

[Dem4Life1102]

10. The GOP and Trump don't own FAUX News

Murdoch does. All he cares about is money.

[BlueIdaho]

8. Fox News doesn't even have to turn a profit.

Conservative deep pockets will keep it on the air as a propaganda weapon.

[Dem4Life1102]

11. Yes it does

Murdoch is all about money.

[BlueIdaho]

14. Oh he'll get money

But it doesn’t have to come from advertisers - it will come in the back door from conservative oligarchs...

[Dem4Life1102]

15. Do you have any proof

that is how FAUX makes it’s money?

[BlueIdaho]

21. I'm saying they don't HAVE to make money...

That was true of many conservative heartland radio stations in the 1980s. Conservative organizations supported them against shortfalls so they could deliver right wing messaging across America’s flyover country. I’m not making wild eyed claims about Fox’s current financials but I am saying if they didn’t turn a profit, conservative groups would keep them on the air as a propaganda tool.

[Dem4Life1102]

23. And how would that prevent Murdoch

from selling if he got a really good offer?

[BlueIdaho]

24. Don't hold your breath...

Money is money regardless of how it gets into the right pockets.

[Dem4Life1102]

26. Yes

And if Bloomberg offered Murdoch enough money he would sell out in a second.

[spin]

2. He would need to buy OANN too.

One American News is even more pro-Trump than Fox News.

[Dem4Life1102]

4. Ha can afford it.

[spin]

22. Undoubtedly. (n/t)

[delisen]

7. Guess that would take months/years to close a sale

what do you think?

[Dem4Life1102]

13. No it wouldn't

Cable networks don’t have much regulation.

[delisen]

28. Even private deals at that level are complicated

Involve attorneys and negotiations even if the owners agree to sell.

Possibly a group like Our Revolution could do this in the future

[Dem4Life1102]

29. Yes they can be

but they can be fast tracked if all parties agree.

[dustyscamp]

16. If Bloomy buys it what is stopping the people funding fox from making a new network exactly like it?

[Dem4Life1102]

19. Nothing

But it would take years to get it up and running.

[bucolic_frolic]

18. Would be a big takeover even if for sale

$60B min, more like $90-120B in my opinion

[Dem4Life1102]

20. FAUX News is no where near worth that

What is your opinion based on?

[bucolic_frolic]

25. Top of head

508 million shares at $14.85 per share yields a book value of $7.6B. That's a starting point. Global media company with prime assets like WSJ. I forget that a lot was spun off in 2013. So yeah maybe less than half that on a good day. But you have to motivate the owners to sell. Not going to go easy.

https://en.wikipedia.org/wiki/News_Corp_(2013%E2%80%93present)

[Dem4Life1102]

27. Who said anything about WSJ or any other property?

I’m talking about FAUX only. And money in enough motivation for Murdoch.