The closer November 2 gets the more Fox News supports Republican candidates, not only in their role as Republican Reichsministry of Propaganda, but also financially, through their parent corporation, News Corp. Murdoch lied, when he said those donations had nothing to do with Fox. But now that lie may have opened him up to legal trouble:
In August, News Corporation — the media company owned by right-wing tycoon Rupert Murdoch and the operator of Fox News — gave $1 million to the Republican Governors Association. Several weeks later, it donated another $1 million to the U.S. Chamber of Commerce.
When asked about the RGA donation, Rupert Murdoch explained: “It had nothing to do with Fox News. The RGA [gift] was actually [a result of] my friendship with John Kasich.” As ThinkProgress’ Ian Millhiser reported, there are laws against corporate managers treating a publicly-traded corporation as if it were their own personal bank account. The Supreme Court in Delaware, where News Corp. is incorporated, has made it clear that “[c]orporate officers and directors are not permitted to use their position of trust and confidence to further their private interests.”
Now, shareholders may be taking notice of the potential illegality outlined by Millhiser. The New York Times reported today that The Nathan Cummings Foundation, a shareholder of News Corp., wrote a letter to the company’s board objecting to the company’s political donations, and warned against the use of “corporate treasury funds to further the personal political agendas of corporate management.” This afternoon, Media Matters obtained a statement from another investor, F&C Investments, which says it will oppose the re-election of the Chairman of the Audit Committee at News Corp.’s annual meeting this Friday in response to the donation controversy. F&C says it, too, is concerned about shareholder money being used to further the political goals of “individuals” within the company… [emphasis added]
Inserted from <Think Progress>
Keith Olbermann discusses this, foreign funds, and other related issues with Faiz Shakir.
It seemed to me Keith was implying that Scalia’s son is involved in secret corporate campaign finance. Does anyone have more info on that?
In any case, if we don’t stop the Republicans now and in 2012, we may never get another chance.
4 Responses to “Fox and the 2010 Election Theft”
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Trouble with you old guys who already created one revolution keep thinking that it is the only one your life will ever see. I hate to say it but the youth of center and left will not be dictated to and may sit on their ass and let these o’donnellesque and flip flop McCain’s win the power but what most of you old time protesters do not understand is that the kids today are willing to become violent.
Not Abbey Hoffman “only as violent as necessary” but flat out burn it down bring out the 3rd Striker Regiment which went active in GA on October 1st to quell civil disturbance on American shores violent. Most of them realize that they are broke and with no prospects so what is there to lose by starting a fight. And they do love to fight.
They won’t realize that staying home,uninvolved in the election is what gave these fools power all they will see is what little they do have now will be taken from them and they will be pissed off and ready to go by whatever means are necessary.
Welcome to MY nightmare a return to the 60’s and the blood running through the sewers.
Mark, I think you’re right, but if National Guard troops were willing to gun down non-violent demonstraters in the 60s, you have to know that Blackwater thugs in the GOP SS will gun down violent demonstrators today.
$885K in foreign money coming into the Chamber? I thought that was illegal since 1907. I hope these shareholder lawsuits go through and force these companies to disclose where their money is going. That Citizens United verdict is wreaking havoc upon our electoral system. Rove – what a douche. 😯
You have all that right, Lisa. Citizens United left a loophole Republicans are using to get away with disobeying the law.