Accuracy in Media has a story that is sure to drive his rivals into an apoplectic state:
Rupert Murdoch, who has been pilloried in the media for his company’s involvement in a phone hacking scandal in Britain, is laughing all the way to the bank after News Corp reported yesterday that fourth quarter profits rose 45% compared to the year-ago period.
News Corp’s operations were hitting on all cylinders but were particularly strong in the cable network programming segment, which includes the bane of liberals, Fox News....
The company ended the quarter with $12 billion in cash, meaning that they have plenty of money to expand their business, unlike many of their cash-strapped competitors.
It looks like Media Matters is going to need a lot more than $1 million to bring down Fox News.