Paul Ryan has been appointed to the board of the newly formed Fox Corp - just days after he clashed with the president over claims the former house speaker could have been tougher over subpoenas.
Fox Corp, which oversees Fox News - the president's favourite news channel - has been formed amid the ongoing streamlining of Rupert Murdoch's media empire - which includes the $71 billion sale of 21st Century Fox to Walt Disney Co.
Ryan was forced to backtrack this week when he suggested Republicans could lose the 2020 election if the campaign became defined by Trump's 'personality'.
His words drew the ire of Donald Trump. Jr., who hit back at the 'failed' 2012 vice presidential candidate, while the president himself challenged Ryan on his 'toughness'.
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Paul Ryan has been appointed to the board of directors of the newly formed Fox Corp amid the ongoing sale of billionaire Rupert Murdoch's 21st Century Fox. The appointment comes more than a year after the long-serving representative retired to spend more time with his family
Just days ago Ryan was forced to backtrack when he suggested Republicans could lose the 2020 election if the campaign became defined by Trump's 'personality'
'Paul Ryan wouldn't give the right to have any subpoenas,' Trump told Brietbart News, claiming two of his staunchest congressional backers in Mark Meadows of North Carolina and Jim Jordan of Ohio, wanted greater authority to go after unidentified targets.
'Okay? Now in all fairness, Meadows and Jordan and all these guys, they wanted to go tougher, but they weren't allowed to by leadership,' Trump said.
The president's remarks came after Ryan suggested that the Republicans could lose the 2020 election if the campaign became defined by Trump's personality.
The president's oldest son called the former speaker 'Mitt Romney's failed 2012 running mate' and said Ryan 'lied to us'
'The person who defines that race is going to win the race. If this is about Donald Trump and his personality, he isn't going to win it,' said Ryan, whose tenure was dominated by the times he either criticized – or failed to criticize – Trump.
Donald Trump Jr. hit back angrily: 'Pretty rich. Mitt Romney's failed 2012 running mate, the speaker who lied to us and didn't deliver Wall funding (and then lost the house) gives advice on winning.'
Ryan backtracked on his words a day later, writing in a statement: 'To be clear, GOP wins elections when they're about ideas not when they're personality contests like Dems & media want.
'We're clearly better off because of [Trump]. His record of accomplishment is why he'll win re-election especially when compared to Dems' leftward lurch.'
The new stand alone company, which owns Fox News among other television assets, marks a new phase for Murdoch's media business which now will rely heavily on its cable news and sports output for the bulk of its earnings (Murdoch is pictured with his oldest son Lachlan)
Ryan's appointment comes amid the ongoing separation of Murdoch's entertainment wing in a multi-billion dollar sale to Walt Disney Co., expected to be completed late Wednesday.
Murdoch retains the Fox News Channel and Fox broadcast network in the form of Fox Corp, while Disney will acquire the 20th Century Fox movie and television studios with its treasure trove of popular shows including The Simpsons and Modern Family.
The acquisition clears the way for Disney to launch its money-spinning Disney+ streaming service later this year.
The sale marks a new era for Murdoch's media business which will now rely heavily on its cable news and sports output for the bulk of its earnings.
Ryan, 49, who served in the House of Representatives for 20 years including three as speaker, retired in December 2018 to spend more time with his family.
The appointment marks his reemergence as a public figure. He joins previously announced board members Rupert Murdoch, Lachlan Murdoch and Jacques Nasser, plus Formula 1 CEO Chase Carey, who was also announced today.
The separation is part of a $71 billion sale of Murdoch's entertainment company to Walt Disney Co., expected to be completed late Wednesday. Murdoch retains the Fox News Channel and Fox broadcast network in the form of Fox Corp, while Disney will acquire the 20th Century Fox movie and television studios with its treasure trove of popular shows including The Simpsons
'Mr. Paul D. Ryan served as the 54th Speaker of the U.S. House of Representatives from 2015 to 2019, in which capacity he spearheaded efforts to revise the federal tax code, rebuild the national defense, expand domestic energy production, combat the opioid epidemic, and reform the criminal justice system,' the company said in a press release.
Fox chairman and CEO, Lachlan Murdoch, who is Murdoch's oldest son, said: 'We are thrilled to welcome our new colleagues to the FOX board. We look forward to working with and being guided by them as we begin a new chapter, steadfastly committed to providing the best in news, sports and entertainment programming.'
Valued: Murdoch's valued Fox News output is retained under the newly formed Fox Corp
'21CF and FOX are now each a standalone, publicly traded company,' 21st Century Fox said in a statement issued at 8.30am ET.
Murdoch's other company, News Corp, a prior iteration of Fox, still holds the family's cherished print news and international businesses, such Sky News Australia as well as influential Wall Street Journal, New York Post and Times of London publications.
Fox also said today that its board has approved the adoption of a so-called 'poison pill' in the form of a temporary stockholder rights agreement. The move is thought to prevent against hostile takeover bids.
The poison pill is 'intended to protect the stockholders of the company...from actions that the board of directors determines are not in the best interest of the company's stockholders,' Fox said.
'The agreement is not intended to interfere with any merger, tender or exchange offer, share acquisition or other business combination transaction approved in advance by the board of directors, and the agreement does not prevent the board of directors from considering any offer that it considers to be in the best interest of the company's stockholders.'
Link hienalouca.comhttps://hienalouca.com/2019/03/19/former-house-speaker-paul-ryan-appointed-to-fox-corp-board/
Main photo article Paul Ryan has been appointed to the board of the newly formed Fox Corp – just days after he clashed with the president over claims the former house speaker could have been tougher over subpoenas.
Fox Corp, which oversees Fox News – the president’s favourite news channel ...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
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