You are right that this world of corporate "news" is geared toward profits for advertisers and we can never forget that. The corporations don't care about telling it like it is, they care about profits. Profits depend on the plans of the powers that be and that involves feeding us whatever it takes to support the military/industrial complex and the "health care industry" to name a couple of favorite causes of the corporate world.[/color]
The four major cable news networks (Fox News, MSNBC, CNN and HLN) are owned, respectively, by News Corp, Comcast Cable and Time-Warner (both CNN and HLN).
News Corp and Time-Warner and Comcast have only media-related assets. Nothing else. That's verified here...
I'm not sure why any of them would have any allegiance to the "military/industrial" complex. And their only allegiance to the health insurance industry would have the same implications with any other industry, that they sell commercial time to it. But they're not selling it to the health insurance in any more appreciable degree than they sell it to any other industry.
I think the primary motivation for all three is to run any content which will both, one, attract commercial sponsors and, two, increase the price of a given minute of commercial time.
I don't think they have any allegiance to anything except that. I think the only reason Murdoch keeps the tone and format (and content) of Fox News Channel the way it is, is because it works from a business perspective.
Fox News Channel makes him big bucks as it is now and that's all that matters.
In other words, I think if Murdoch felt it would be more profitable to morph Fox News Channel into a "democrat/liberal/fight big business" format, he would do that in a second.