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Archive for the tag “Lachlan Murdoch”

The End For Fox News?

The board of Fox News has been sued by shareholders. Here, Trish Regan reports on two new lawsuits that are hitting Fox News.

The lawsuits accuse FOX’s board members (including Rupert Murdoch and son Lachlan Murdoch) as well as Paul Ryan, and other executives at the company, of having “consciously disregarded” the risk of exposing itself to defamation claims “with potentially huge financial liability and potentially larger business repecussions” in favor of ratings and profits.

Shareholders allege that Fox’s board made an intentional, reckless decision to prioritize profits above all potential risks, thereby, costing the company (and its shareholders) enormous amounts of money. Trish Regan predicted there would be shareholder lawsuits when she reported the news of Fox’s nearly $800 million settlement, warning that there would be additional issues resulting from the deal. Indeed, that day is here.




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