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Disney Makes Deal for 21st Century Fox, Reshaping Entertainment Landscape (nytimes.com)
Disney is going all in for its upcoming fight with Netflix and other streaming giants. The Walt Disney Company said Thursday that it had reached a deal to buy most of the assets of 21st Century Fox, the conglomerate controlled by Rupert Murdoch, in an all-stock transaction valued at roughly $52.4 billion. From a report: To complete the integration, a legacy-defining task, Robert A. Iger, Disney's chief executive, agreed to renew his contract for a fourth time, delaying retirement from July 2019 to the end of 2021. While the merger still requires approval by antitrust regulators -- and the Justice Department recently moved to block a big media company from becoming even bigger -- the once unthinkable acquisition promises to reshape Hollywood and Silicon Valley. It is the biggest counterattack from a traditional media company against the tech giants that have aggressively moved into the entertainment business. Disney now has enough muscle to become a true competitor to Netflix, Apple, Amazon, Google and Facebook in the fast-growing realm of online video. Alternative source: Variety.
It's like the media in the SOVIET UNION.
There is some real differences. If false information gets put out from these sources, which will tend to happen due to the financial pressure to be first to push out the news, they will retract the information publicly, and if it was fake then the journalist behind it, (many who were considered big names) can get fired.
You mean like the what was it? 10+ hours of the media fawning all over the wikileaks email with a date of the 4th(leaked), when the actual date was the 14th? Remember how wapo didn't retract the power grid hacking stuff for several days until after people pointed out the problems? It's not really any different then fox, if you've watched it as you say then you already know that they do broadcast retractions when they get things wrong too.
If you check Fox News website legal link, and compared to the other sites legal link. They are an "Entertainment Company" Not a news organization. They use this to push false and misleading information, or whatever they think they can get away with.
You mean this section?
FOX News Channel (FNC) is a 24-hour all-encompassing news service dedicated to delivering breaking news as well as political and business news. The number one network in cable, FNC has been the most-watched television news channel for 15 years and according to a Suffolk University/USA Today poll, is the most-trusted television news source in the country. Owned by 21st Century Fox, FNC is available in 90 million homes and dominates the cable news landscape, routinely notching the top ten programs in the genre.
Doesn't say entertainment company, it states that it is a news organization, and they bill themselves as a news company. The main parent(21st century) is "entertainment company" however. Which is the only section where I see "entertainment company" listed.
There's also nothing wrong with the bias either, that's one of the reasons it has the rating it does. It's actually open with that bias, it's not trying to hide it like say WAPO or CBS does.
Om, nomnomnom...