Monday, May 23, 2011

Is the Hedgehog News Investment Worthless?

As noted before, Hedgehog News owns the Republi-con party.

But, while "[t]he circus Roger Ailes created at [Hedgehog News] made his network $900 million last year . . . it may have lost him something more important: the next election." Read New York Magazine, The Elephant in the Green Room, which notes:

"[W]ith an actual presidential election on the horizon, the Fox candidates’ poll numbers remain dismally low (Sarah Palin is polling 12 percent; Newt Gingrich and Rick Santorum, 10 percent and 2 percent, respectively). Ailes’s candidates-in-waiting were coming up small. And, for all his programming genius, he was more interested in a real narrative than a television narrative—he wanted to elect a president. All he had to do was watch Fox’s May 5 debate in South Carolina to see what a mess the field was—a mess partly created by the loudmouths he’d given airtime to and a tea party he’d nurtured."