So much change has happened so quickly that The New York Times publishes a long-form analysis of future scenarios.
The number-one issue in this capitalistic society is if it can continue to be so profitable?
The second generation of Murdochs, sons James and Lachlan, are taking over daily operations. Media genius Roger Ailes had been forced to resign. Star commentator Bill O'Reilly has recently also been forced out. Competition keeps increasing. That includes Facebook Live. Consumer tastes are shifting from expensive cable subscriptions, which include Fox News, to less expensive alternates like Netflix.
A key factor in the uncertainty is the organizational culture. The father Rupert applied old-line power tactics. Those included stimulating infighting. Fear was made palpable. To survive, employees and vendors had to out-Machiavelli Machiavelli.
On the other hand, the experts are now saying that a so-called healthy organizational culture is critical to financial performance. They cite the sustained success of Costco. The ongoing disappointing results from IBM seem to signal a need to bringing in more youthful leadership. Can a current tech company be operated by a Baby Boomer mindset?
On the other hand, will a more progressive ethos blunt the edge of 21st Century Fox? And can the organization absorb a culture change? Does new ratings star Tucker Carlson represent the past, the present or the future?
21st Century Fox media watchers, ranging from Vanity Fair to Gabriel Sherman at New York Magazine, have a lot of new territory to cover. Meanwhile, investors should be nervous.
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