There's no question Fox News is killing its competition in the ratings. And the reason is quite simple according to Rupert Murdoch, the CEO of News Corp. (NASDAQ: NWSA), the parent company of Fox News.
On Fox News Channel's May 4 "Your World with Neil Cavuto," Murdoch credited the success of Fox News to the void it fills as people are concerned about the political direction of the nation. He explained with that, his network draws viewers since other networks lean liberal, which is the dominant view of those in power in Washington, D.C.
"Well, I think as Fox News goes, it's very simple," Murdoch said. "You know, it's very powerful, it's very good and it's very balanced. And you know, everybody else, every newspaper, every - maybe an over-generalization, but by far the most newspapers and certainly the other television networks sort of are all on one side, the liberal side of things and we're - I think the population of this country is pretty worried about its direction and they turned to Fox News."
"Your World" host Neil Cavuto asked Murdoch if he welcomed those critiques on Fox News, to which Murdoch admitted he did because it was good for ratings.