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SAILING AWAY FROM PRINCE RUPERT
July 17th, 2011 by Clark Humphrey

"rupert bear," ironically, was and is a comic in the non-murdoch owned london express.

The sometimes fiercely divided left and progressive factions in the U.S. are today united on one overriding desire.

They’d all like to see the phone-hacking and bribery scandal at Rupert Murdoch’s British newspapers result in the collapse of Murdoch’s American media empire.

Especially of the (deservedly) fiercely-despised Fox News Channel.

Could it happen?

Lefty pundits are pondering possible scenarios that could potentially lead to the sell-off and /or dismemberment of Murdoch’s stateside properties.

Such a move, these pundits guess, could be triggered by shareholders deathly afraid of the Murdochs’ sullied reputations ruining News Corp.’s American brands. Even if no direct link surfaces between the U.S. properties and the Murdoch U.K. papers’ scandals.

I’m not so sure.

If forced to do so, the Murdoch family could sell off its stock in, and retire from leadership of, the Fox broadcast network and its 27 network-owned stations. That move could avert any challenges to those local stations’ FCC licenses.

(Most Fox broadcast affiliates are owned by other companies. Here, KCPQ is owned by the Tribune Co.)

Such a spinoff could leave the Murdochs still in charge of the 20th Century-Fox film studio, along with its TV-production and home-video divisions. Rupert and his offspring could still own The Simpsons, even if they no longer owned the network on which it airs.

The family could also sell what’s left of the once mighty Wall Street Journal and Barron’s; perhaps to Bloomberg.

The assorted Fox cable channels are another potential matter altogether.

For one thing, the FCC doesn’t oversee the ownership of or content on cable channels.

And when Viacom spun off its former subsidiary CBS into a separate company again, some of Viacom’s cable properties (MTV, CMT) stayed with Viacom, while others (Showtime, The Movie Channel) became part of the new CBS Corp.

The Murdochs could sell off FX, Fox Movie Channel, Fox Soccer Channel, Speed, Fuel TV, Fox’s distribution/marketing contract with the National Geographic Channel, and its partnerships in the remaining regional FSN sports channels.

And they could keep Fox News Channel and Fox Business Channel.

Just to spite us liberals.

And with the money they get from selling their shares of all those other properties, the family could even keep subsidizing the New York Post for a few more years.


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