There are a number of major concerns swirling around the supposed impartiality of the mainstream media, and the latest from Camp Disney doesn’t indicate anything changing in the near future.
The enormous Walt Disney Company has been influencing American culture for decades as one of the world’s largest content producers. After amassing an incredible fortune in the realm of family friendly entertainment, the cartoon pioneers have branched out into traditional media outlets as well with their purchases of ESPN and ABC; two networks who have been accused regularly of expounding the liberal lunacy of the radical left.
Disney has seemingly no plans to slow down either, as it is now being widely reported that the media conglomerate is now purchasing 21st Century Fox in a deal worth tens of billions of dollars.
“Disney on Thursday announced a deal to acquire many parts of Twenty-First Century Fox for $52.4 billion in stock. The company will get Fox’s movie studios, networks Nat Geo and FX, Asian pay-TV operator Star TV, and stakes in Sky, Endemol Shine Group and Hulu, as well as regional sports networks.
“The acquisition values the combined Fox business at $29.54 per share, based on Disney’s closing share price Wednesday. The deal has a total value of approximately $66.1 billion, with Disney assuming $13.7 billion of Fox’s net debt.
“Shares of Fox were more than 2 percent lower in premarket trading, while Disney traded 1 percent lower.“The acquisition bolsters Disney’s plans to become a dominant streaming service platform, making it a bigger threat to Netflix.”