Earlier this year, it was announced that BlackRock had increased its ownership position in Fox Corporation (FOXA), which resulted in BlackRock owning 15.1% of the Fox Corporation.
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It doesn’t take a genius to know that yesterday, we got another really big flag to get off of main stream news if you seek any unbiased news analysis or editorial content. That the biases, the censorship is only going to get worse. And no, I am not necessarily writing of Tucker’s departure, although that too is another signpost.
What really has me concerned is that earlier this year, it was announced that BlackRock has increased its ownership position in Fox Corporation (FOXA).
This increase in stock ownership now means that Blackrock owns 15.1% of the Fox Corporation. They are the second largest owner, just after the Murdock family.
Now, the Family Trust Murdoch still owns 19% of the company, with other, smaller institutional investors owning the rest. The CEO of the Fox Corporation was Rupert Murdoch, but it is currently Lachlan Murdoch.
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BUT with this increase in 2.7% of Fox Corp, it is clear that Blackrock is fast becoming a controlling entity in Fox Corporation.
Together, BlackRock and Vanguard own 18% of Fox (now almost 21%), 16% of CBS, 13% of Comcast — which owns NBC, MSNBC, CNBC, and the Sky media group, 12% of CNN, and 12% of Disney — which owns a number of subsidiaries. Media behemoths that may present themselves as rivals are, in reality, owned by the same company.
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