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Former House Speaker Paul Ryan joins the board of Fox Corporation



Ryan and three other board of directors were appointed on Tuesday. The appointment of these directors was a necessary step when the Murdoch family closed the Disney Fox deal.

The parts of Fox that are not acquired by Disney form a new company called simply Fox and run by Rupert Murdoch's son Lachlan Murdoch.

Rupert will co-chair the company – a sign that he will stay in the middle of the fight.

Tuesday is the first day of the new Fox as a standalone NASDAQ company as FOXA and FOX.

The other new board members are Formula One boss Chase Carey, who has been a trusted world insider from Murdoch for years. Anne Dias; and Roland Hernandez

Jacques Nasser was previously appointed to the board together with the two Murdochs.

The appointment of Ryan is the most notable due to its history near Republican politics. Ryan and Rupert Murdoch have been friendly for many years. In 201

4, he named Ryan as a presidential candidate, for which he caused "special admiration."

Some observers said that Ryan's appointment reflected the comfortable relationship between Fox and the modern Republican Party.

Increasingly formalized. Trump keeps watching and encouraging her and appoints Paul Ryan to his board. "Professor Brendan Nyhan tweeted .

Board members earned approximately $ 300,000 in cash and equity, according to the SEC, and it is unknown how much Ryan and the other board members of the newly formed Fox Corp.

Jeanne Sahadi contributed to the coverage.


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