Former House Speaker Paul Ryan joins the board of Fox Corporation
Ryan and three other board of directors were appointed on Tuesday. Appointing these directors was a necessary step as the Murdoch family wraps up the Disney-Fox deal.The Ryan appointment is the most noteworthy, given his history near the top of Republican politics. Ryan and Rupert Murdoch have been friendly for many years. In 2014, he named Ryan as a presidential contender he had"particular admiration for.
Tuesday is the new Fox's first day as a standalone company, trading on the NASDAQ as FOXA and FOX.The other new board members are Formula 1 chief Chase Carey, who has been a trusted Murdoch world insider for years; Anne Dias; and Roland Hernandez.Jacques Nasser was previously named to the board, along with both Murdochs.Some observers said Ryan's appointment reflected the cozy relationship between Fox and the modern-day Republican Party.
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