Has Fox News learned a $787 million lesson?
Channels with Peter Kafka
The Reality of the Fox News World
Rupert Murdoch used to be a great earnings call person because he would say whatever he wanted, which pretty much doesn't happen on an earnings call. That's pretty intemperate and not used to being corralled by those who try to manage him. Fox folks would have found out about it, but one of the brilliant elements of Fox is that it's inoculated its audiences against worrying about it or taking it seriously. But nonetheless, they need their advertisers. If they are stripped of all credibility, it's harder for them to negotiate their carriage deals.
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