Lachlan Murdoch Says Ellison-Backed CNN Will Be “Strong Competitor” Of Fox News, But “Running News Is Hard”
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Fox Corp. CEO Lachlan Murdoch said CNN’s soon-to-be stewards at Paramount are apt to reinvigorate the news network, but he expressed confidence that Fox News can withstand a potential challenge. “We have been winning, and we win amongst strong competition,” Murdoch said at the Morgan Stanley Technology, Media & Telecom Conference. “Under the Ellisons, CNN […]
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Fox Corp. CEO Lachlan Murdoch said CNN’s soon-to-be stewards at Paramount are apt to reinvigorate the news network, but he expressed confidence that Fox News can withstand a potential challenge. “We have been winning, and we win amongst strong competition,” Murdoch said at the Morgan Stanley Technology, Media & Telecom Conference. “Under the Ellisons, CNN obviously will be a strong competitor, as we’d expect. But we like competition, and we’ve proven over many years now that we can – running news is hard.” Fox News has been operating for 30 years, Murdoch continued, and roughly 100 of its employees “have been there the whole time. They’re deeply engaged, they’re deeply kind of committed to the business, have tremendous skills, and it shows up in the ratings.” Related Stories News David Ellison Says 'Top Gun: Maverick' A Pivotal Event For Him As Paramount CEO Commits To 30 Theatrical Releases A Year Post-Merger - "Movies Should Be Seen In Theaters"
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