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Various news outlets are reporting that Bill Shine has been replaced as co-president of Fox News Channel. Suzanne Scott has replaced him. In possibly related news, there are reports that 21st Century Fox, which owns Fox News Channel, is in talks with the Blackstone Group (a private equity investment firm) to purchase Tribune Media, a U.S. broadcasting chain.
In the UK, 21st Century Fox has requested permission from the government's Office of Communications to increase its ownership in Sky News; in April the network dismissed commentator Bill O'Reilly after paying out settlements in multiple sexual harassment lawsuits regarding Mr. O'Reilly.
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Fox News Chief Resigns
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Fox News Exec Exits; Merger Rumoured
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(Score: 2) by jmorris on Wednesday May 03 2017, @03:58AM
A) They never got the ad money their ratings warranted while on normal cable because of the Prog trolls running boycotts and hammering advertisers. They would be 'Demonitized' on the Internet as well. Even with that though FNC accounts for about a quarter of News Corp's profits. When they stopped competing to be #1 in cable news and went for #1 in Cable it was hard to avoid turning a profit when your production budget is cable shouting heads on a fancy set. If the new competitor couldn't replicate those numbers instantly the ad revenue picture could be as bleak as FNC's a decade ago surviving on goldline and catheter ads in prime time.
B) Trying to replicate The Blaze's business model probably isn't the best pitch. In truth the business model was wonderful, the execution was beginning to show great results; it was Beck's erratic antics, meddling and excessive attempts at empire building that have them on the edge of the abyss. But still, bad optics.