Lachland Murdoch Disses CNN, MSNBC and Viacom
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Despite all the problems at Fox News, Lachland Murdoch still believes that his cable news channel is much better than the other guys.
On Wednesday, the Fox executive chairman, speaking of CNN and MSNBC, said he sees no reason for new FNC boss Bill Shine to emulate either of those.
FNC should not, "follow a failed strategy rather than a winning strategy," he said.
It's no secret that Viacom is trying to ease its $12 billion debt load, in part by possibly selling a stake in Paramount, but analysts are also presuming that it would entertain bids for some of its cable channels.
"We don't need them and we wouldn't be interested in them," the younger Murdoch said during the 2016 Media, Communications & Entertainment Conference in Beverly Hills on Wednesday after an analyst asked him if Fox might want to buy any of Viacom's channels.
Murdoch, in fact, said that Fox already has the "best brands and the best content" when it comes to television. He added that the conglomerate will spend an additional $200 million in content for FX Networks and the National Geographic Channels.
H/T Yahoo
