...it's not for sale? Never really understood this line of attack.
It was a serious question where I don't know the answer... Shares are publicly traded at NASDAQ. The Murdoch family seems to hold 39% (of the shares with voting power?) according to Wikipedia... Not sure how feasible it would be to buy enough of the rest if money wasn't an issue?
That would require a hostile takeover, which is no simple thing. News Corp has a market cap of >$8.6 billion. It almost never happens that anyone can buy a controlling interest (of a sizeable corporation) on the open market without an explicit agreement from the board of directors.
It's certainly not doing well though. Disney specifically ditched it as part of the Fox takeover.
Why is that a bad thing? It means the murdochs are now rich in cash from the acquisition, and free to concentrate on their news division, which was always his primary concern.
Murdochs did not want to sell. There was a semi-hostile takeover, involving a Saudi prince, that allowed investors to sell off the profitable franchises to Disney. It's a fairly interesting story if you find the time to read it.
I've watched enough of Succession to know that everything is for sale.
Underrated TV show. They even had one of the media conglomerate kids running for president.