Angry Investors or Business as Usual? Why Murdoch’s Proposed Fox-News Corp. Merger Fell Through

Last October, nearly a decade after News Corp. and Fox split, Rupert Murdoch proposed a reunion. The media mogul had divided his holdings in 2013, after a phone-hacking scandal at his British tabloid, News of the World, that had opened the company up to financial and legal risks. Last year, he was exploring the possibility of bringing News Corp (whose assets include the Wall Street Journal, New York Post, Dow Jones, and HarperCollins Publishers) and Fox Corp (the parent company of the Fox broadcast network, Fox News, Fox Sports, and others) back under one roof. Murdoch saw “potential moneymaking and… Read Full Article