News Corp. released their third-quarter earnings on Wednesday and though they missed analysts estimates, Fox News proved once again that it is the brightest star in Rupert Murdoch’s universe.

The number one cable news network posted record quarterly profits and shows no signs of slowing down anytime soon.

On a conference call with analysts, News Corp. COO Chase Carey said that FNC will renegotiate its carriage fees with “slightly over half” of its carriage universe by next summer.

With FNC available in approximately 95 million households and reports that they will be seeking a possible doubling of their per subscriber rates, they are poised to post even higher profits in the next two years.

Carey also told analysts that Fox News is “Second to ESPN in terms of clout in the marketplace,” and that with a presidential election in 2012, the channel is expecting to generate higher advertising and carriage fees.

That may sound like a bold statement, but Fox generates ratings far beyond those at MSNBC or CNN. Cable systems have little choice but to accede to Fox’s demands if they want to increase their own revenues and profits.

The earnings report shows that MSNBC’s liberal lions — Matthews, Maddow and Schultz, and their friends on the left at Media Matters — haven’t put a dent in Fox’s profits despite their daily assault on conservatives and Republicans.

George Soros should ask Media Matters for a refund of his $1 million to fight Fox, since based on this earnings report the effort has been a miserable failure.

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About the author

Don Irvine
Don Irvine is Chairman of Accuracy in Media. He is active on Facebook and Twitter. You can follow him @donirvine to read his latest thoughts.

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6 Comments for Bad Day for Liberals, As Fox News Profits Soar

Wildbird

Too bad for THE DECAY SHOW,GOOD MORONS AMERICA,BS MORNING NEWS,BS SUNDAY MORNING and the rest of them all becuase the fox has moved in and even the chickens tust him

Rachel

Soros is too busy steamrolling small silver investors to care about a measly million. His big play is yet to come: shorting America as he encourages more borrowing and lifting the debt ceiling. He simply sees Fox as an opponent to his plans to ruin America’s economy.

Sh*t For Brains

OMG, this site has opened my eyes, now I know that everyone who isn’t a republican is actually a secret manchurian candidate programmed to rape children and raise taxes so they can pay for the government’s gay-gun (a ray gun that makes you gay and hate jesus).

The Major

To Sh/t for brains #3,,Now I’M the one that’s confused. Are you being sarcastic,,,or,,,are you attempting Humor,,,Like the young LT. in the movie ‘good morning Vietnam’ played by the late great Bruno Kirby,,,or,,,you have really come to your senses ,,,& ,,finally realized that the PRO-Left & Socialist Dems,,are out to screw the working folks, with MORE Taxes (Obamacare) & less services ,,,you know,,,the old Potomac 2 step ,Tax & spend + OVER-Tax & Waste.I guess we’ll know from future posts

Wildbird

Soros and his minions are out to control the whole world using their influance and wealth as is the reasons the UN was formed in the first place as well as the CFR as well