Fox News lost over $500 million -- LOST HALF A BILLION DOLLARS -- during its first 5 years of operations. Fox News was not run as a profit-making business; it was run as an ideological wedge in service of a political party.
Without Fox News, we would not have had Dubya as President. Without Fox News, we wouldn't have had Tom DeLay, Phil Gramm, Denny Hastert, Dick Cheney, John Bolton, et al, who fleeced the nation and left us with $5.5 TRILLION in Federal Debt during the Dubya years, nor would we have invaded Iraq, nor would we be bogged down in Afghanistan due to the Iraqi distraction, nor would we have allowed unregulated credit default swaps, collateralized debt obligations, mortgage backed securities with no underlying assets, and $2-4 trillion in non-performing toxic assets.
No wonder we all love FOX News.