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    21st Century Fox CEO James Murdoch slams Trump’s Charlottesville response

    By SHOOTUpdated:No Comments3441 Views
    In this April 19, 2017, file photo, James Murdoch attends the National Geographic 2017 "Further Front" network upfront at Jazz at Lincoln Center's Frederick P. Rose Hall in New York. (Photo by Andy Kropa/Invision/AP, File)
    NEW YORK (AP) --

    The CEO of 21st Century Fox denounced racism and terrorists while expressing concern over President Donald Trump's reaction to the deadly violence surrounding a white nationalist rally in Charlottesville, Virginia.

    James Murdoch also told friends in a personal email that he and his wife, Kathryn, will donate $1 million to the Anti-Defamation League.

    Murdoch writes that the events in Charlottesville last weekend and Trump's response "concern all of us as Americans and free people."

    "I can't even believe I have to write this: standing up to Nazis is essential; there are no good Nazis. Or Klansmen, or terrorists," Murdoch added. "Democrats, Republicans, and others must all agree on this, and it compromises nothing for them to do so."

    Trump has put the blame for the violence on both white nationalists and those protesting the gathering last weekend, saying there were "very fine people" on both sides.

    Murdoch is the son of the 21st Century Fox's co-executive chairman, Rupert Murdoch, a Trump ally who The New York Times reported recently dined with the president at the White House. The company is the corporate parent of Fox News Channel, which has given friendly coverage to the president.

    The email was first reported by the Times Thursday.

    Tags:21st Century FoxDonald TrumpJames Murdoch



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

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