Home > Uncategorized > Ailes and the Fox Profit Machine

Ailes and the Fox Profit Machine

Great article from Rolling Stone magazine on Roger Ailes, head of Fox News.  Fox News is a huge aspect of News Corp’s business, with profit margins over 50%.  Nearly 20% of News Corp’s total profits come from Fox, leaving Murdoch, a prudent businessman and a conservative, with little choice but to allow Ailes to continue running the network as he does.  Really goes to show how the profit motive can skew incentives for journalists and undermine the integrity of the media.  I think it’s an interesting question in general; to what extent should the media, as an industry, have free reign when that freedom is deleterious to the public discourse?  I realize that we have freedom of the press, but did the Founding Fathers really anticipate a huge network like Fox that can monopolize debate and penetrate the public conscience so pervasively?  Not that I’m advocating massive checks on journalistic freedom; it’s just interesting to think about.  I’ll write more later after I go for a run.

 

-Evan Goldstein ’12

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  1. Holly Skerst
    May 21, 2013 at 4:58 am

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