To: Kirk © who wrote (12480 ) 12/13/2021 12:52:44 PM From: Kirk © Read Replies (1) | Respond to Well, it looks like Chris Wallace will move to a network that encourages him to bias his stories to his and their views... Veteran broadcast anchor Chris Wallace is leaving Fox News (NASDAQ:FOX) following 18 years of blunt and straight-talking interviews that have been a fixture of Washington politics. He's departing the network to join upcoming streaming service CNN+ (NYSE:T), where he will host interviews "across politics, business, sports and culture." Wallace was said to have grown frustrated at the tone at Fox - specifically regarding the network's opinion side - marking the latest shakeup in the cable news world (CNN's Chris Cuomo was fired earlier this month). Quote: "I look forward to the new freedom and flexibility streaming affords in interviewing major figures across the news landscape - and finding new ways to tell stories," Wallace said in a statement. "I want to try something new, to go beyond politics to all the things I'm interested in. I'm ready for a new adventure." Wallace has won several major broadcasting awards, including three Emmy Awards and a Peabody Award. This is a "major loss for Fox News, no question about it, " noted Howard Kurtz, host of Fox's Media Buzz. Analysts have already questioned how the Murdoch family would position Fox News during the Biden administration, with CEO Lachlan Murdoch saying the company would not pivot politically. "We don't need to go further right. We don't believe America is further right... And we are obviously not going to pivot left." Fox shares reached all-time highs this past year, rising above $40 in March and again in October, but closed Friday at the $34 level. Thought bubble: Wallace's move comes at a time when CNN is investing heavily in its pivot to direct-to-consumer streaming. The network is planning to hire hundreds of producers, contributors and developers for CNN+, which will include a mix of live shows and longer content like documentaries. AT&T acquired CNN parent WarnerMedia (which was known as Time Warner at the time) in 2016 for $85B, though the company announced a $43B deal to merge WarnerMedia with Discovery (NASDAQ:DISCA) back in May. AT&T shares have been on a downward trend since the summer, falling more than 20% over the last six months. This is a "major loss for Fox News, no question about it, "
