Asked during an Election Day earnings call about the prospect of a Donald Trump–branded television network, Fox News CEO Lachlan Murdoch was sanguine. “We love competition,” he said. “We have always thrived on competition.” Having consistently bested its cable news rivals, Fox was competing with the networks as well. “I will say the only difference today versus some years ago, as our audience has grown and our reach has grown, we see our competition as no longer only cable news providers, but also as the traditional broadcast networks,” Murdoch continued. Fox News’s top brass had reason to be confident. They believed the election was a win-win. If Trump won, their gravy train would continue.
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