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Fear Donating Member (745 posts) Send PM | Profile | Ignore Mon Jan-10-05 03:46 PM
Original message
Murdoch full owner of Fox
Edited on Mon Jan-10-05 03:50 PM by Fear
New York, NY, January 10, 2005 - News Corporation (NYSE: NYSE: NWS, NWS.A; ASX: NWS, NWSLV) today announced that it has made a proposal to its subsidiary Fox Entertainment Group, Inc. ("Fox") to acquire all of the shares of Fox Class A common stock (NYSE: FOX) that News Corporation does not already own. News Corporation intends to effect the transaction through an exchange offer made directly to Fox stockholders. News Corporation will commence the exchange offer later today.

News Corporation currently owns approximately 82.1% of the equity and 97.0% of the voting power of Fox through its ownership of approximately 59.1% of the outstanding shares of Fox Class A common stock and 100% of the outstanding shares of Fox Class B common stock. Under the terms of the exchange offer, holders of Fox Class A common stock will receive 1.90 shares of News Corporation's Class A common stock for each outstanding share of Fox Class A common stock validly tendered and not withdrawn in the exchange offer. Based on the current price of News Corporation's Class A shares on the New York Stock Exchange, the consideration offered represents a premium of approximately 7.4% to the January 7, 2005 closing price of Fox's Class A common stock, a premium of approximately 16.9% over Fox’s six-month average trading price and a premium of approximately 18% over Fox’s 12-month average trading price.

http://www.newscorp.com/news/news_237.html

http://www.nytimes.com/reuters/business/business-media-fox.html?oref=login

Username: turds99
pass: fuckyou
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fertilizeonarbusto Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 03:47 PM
Response to Original message
1. I hope it tanks now n/t
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Massachusetts Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 03:49 PM
Response to Original message
2. Oink!
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joefree1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 03:54 PM
Response to Original message
3. All Faux News all the time
So when do we see the movie "Citizen Murdoch."


Download the free art here:
http://ediablo.com/eDiabloGallery.html
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oneighty Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 04:01 PM
Response to Original message
4. A present from the man
Edited on Mon Jan-10-05 04:03 PM by oneighty
that "would be President-Newt Gitrich" arranged special permission for a foreign national to own an American news service?

Yes?

Remember the book deal?----Newt finally settled for 'One Buck' in payment instead of the unethical millions.

How can anyone support these two faced sons of bitches?

Arf arf.

180

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rooboy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 05:17 PM
Response to Reply #4
6. Bear in mind now though, that Murdoch is a US citizen...
Edited on Mon Jan-10-05 05:17 PM by rooboy
and that News Corp is now a Delaware company. Murdoch moved News Corp totally to the USA about 2 months ago.
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oneighty Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 05:24 PM
Response to Reply #6
7. Hey Rooboy
But Murdoch was not a citizen then? I think.

180
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rooboy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 05:59 PM
Response to Reply #7
10. I'm not sure about that - he probably wasn't...
but he did get US citizenship in order to expand his business holdings a long time ago.
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xxqqqzme Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 05:30 PM
Response to Reply #6
9. I think Rupert is the non-natural
born citizen the rethugs want as prez. Steroid boy is the decoy.
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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 04:28 PM
Response to Original message
5. Murdoch: "All FOX News are belong to me..."
Sorry, had to say it...;)
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Mon Jan-10-05 10:20 PM
Response to Reply #5
13. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 09:47 AM
Response to Reply #13
18. Here...
(excerpt)
A Japanese Genesis game called zero-wing got poorly translated into English. This sentence is now spread all over the internet.
English version:

In A.D. 2101
War was beginning.
Captain: What happen ?
Mechanic: Somebody set up us the bomb.
Operator: We get signal.
Captain: What !
Operator: Main screen turn on.
Captain: It's You !!
Cats: How are you gentlemen !!
Cats: All your base are belong to us.
Cats: You are on the way to destruction.
Captain: What you say !!
Cats: You have no chance to survive make your time.
Cats: HA HA HA HA ....
Captain: Take off every 'zig' !!
Captain: You know what you doing.
Captain: Move 'zig'.
Captain: For great justice.


http://www.urbandictionary.com/define.php?term=all+your+base+are+belong+to+us&b=1

:)
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Califooyah Operative Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 10:42 PM
Response to Reply #5
14. haha thats awesome.
earlier i told someone on myspace 'all you base are belong to fox.'
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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 05:28 PM
Response to Original message
8. This is good.
Now evil has a definitive face and name!
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NEOBuckeye Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 10:09 PM
Response to Reply #8
11. Not only that....
But when we re-assert the authority of the people, the Anti-Trust Laws and abolish Corporate Personhood, News Corp gets de-incorporated and has all of its' assets siezed by the Government to be redistributed in media re-diversification.

In short, Murdoch is a damned idiot for bringing his company to the US. The uprising that consumes his media empire will be both his legacy and his downfall. Count on it.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Mon Jan-10-05 10:20 PM
Response to Original message
12. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
gardenista Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 10:45 PM
Response to Original message
15. May sound strange, but I think it's great!
What motivated him to purchase all the stock and gain all the control? was there resistance within the organization?

I predict that Fox news will jump the shark within the next 9 months.
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leesa Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-10-05 11:07 PM
Response to Original message
16. Good. Now it's perfectly clear who to prosecute for war crimes and
treason.
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Thor_MN Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 12:14 AM
Response to Original message
17. Does anyone have Faux's mission statement?
I remember seeing it on their site about 2001, now I can't find it anywhere. It had in the first couple lines something like "to counteract a perceived liberal bias in the media." I wish I had copied it then.....
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