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June 8, 2017

Billion Dollar Blues: How has the Murdochs’ fortune faired since O’Reilly was fired at FNC?

Less than two months after O’Reilly’s departure, the Murdoch family fortune has declined substantially,
as investors unsure of Fox News’ future have scrambled to escape what some think is a very slowly sinking ship. According to an analysis by Forbes of the Murdochs’ fortune, the family’s net worth is estimated to have declined by more than $1 billion since April 1. Forbes reports the decline is largely due to falling stock price of 21st Century Fox, the parent company of Fox News. On March 28, just a few weeks before O’Reilly was dismissed, the share price of 21st Century Fox was $32.44. On Friday, it was trading around $27.93, a decline of 13.9 percent. About 70 percent of the Murdoch fortune is invested in 21st Century Fox stock. — the answer is incredible – TheBlaze

Posted by gerardvanderleun at June 8, 2017 1:54 PM. This is an entry on the sideblog of American Digest: Check it out.

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