Fox News faces ongoing challenges, including a $2.7 billion defamation lawsuit from Smartmatic over 2020 election claims, following a previous $788 million settlement with Dominion Voting Systems. As Rupert Murdoch's health declines, his son Lachlan's control of the family media empire is uncertain, especially with potential opposition from his politically moderate siblings. The outcome of a Nevada probate court case could significantly impact Lachlan's voting power and the future of the Murdoch media assets.
Disney's CFO, Hugh Johnston, stated that separating its TV networks business is not feasible due to high costs and operational complexity, despite previous discussions about divestitures. The traditional TV segment is facing challenges, with a 6% revenue decline and a 38% profit drop, yet remains integral to Disney's content strategy, particularly in supporting its streaming services. CEO Bob Iger emphasized the importance of traditional TV assets in enhancing Disney's storytelling capabilities, especially following the acquisition of Fox's entertainment assets.
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