Fox News is the jewel of Murdoch's media empire, a 'free cashflow machine' - News Summed Up

Fox News is the jewel of Murdoch's media empire, a 'free cashflow machine'


CAROLYN KASTER/AP The new Fox Corp's assets are headed by Fox News, the cable TV news channel that is favoured by US President Donald Trump. The Disney deal made each of Rupert's six children billionaires in their own right(s), prompting many to wonder how that could alter the family dynamics. On Friday, Credit Suisse media analyst Doug Mitchelson advised his clients to buy shares of Fox, which he described as a "free cashflow machine", with a Netflix-proof portfolio of content. Credit Suisse isn't the only Wall Street broker bullish on the new Fox business. NIL P MOCKFORD/GETTY The Disney deal made each of Rupert's six children billionaires, prompting many to wonder how that could alter the family dynamics.


Source: Stuff March 24, 2019 19:28 UTC



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