Politics

BREAKING: Paul Ryan is now on the board of Fox News

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Paul Ryan joins board of Fox Corporation. The former House Speaker will join the board of Fox Corporation, a new standalone entity that houses Fox News Channel and the Fox broadcast network, according to Variety.

From variety.com

Disney is expected to complete its acquisition of the remaining 21st Century Fox assets, buying out 21st Century Fox shareholders with a mix of cash and stock.

Fox Corp. is expected to keep a low profile on day one, other than the announcement of members of its board of directors. Chase Carey, a chairman-CEO of Formula 1 who was a 21st Century Fox board member and longtime Fox executive, is on the seven-member panel along with former House Speaker Paul Ryan. Anne Dias, founder of Aragon Global Holdings, and Roland Hernandez, CEO of Hernandez Media Ventures and former head of Telemundo Media Group, also join Fox controlling shareholders Rupert Mudoch and Lachlan Murdoch on the board along with another former 21st Century Fox board member, longtime Ford Motor Co. exec Jacques Nasser.

“We are thrilled to welcome our new colleagues to the Fox board,” said Fox Corp. CEO Lachlan Murdoch. “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.”

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