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Are Ron Paul Supporters Really Hurting Fox News Parent Company Shares? Following Fox News exclusion of US Republican Presidential candidate Ron Paul in a Sunday debate, many of his supporters called for a boycott of sponsors and - perhaps worse - shorting Fox parent company News Corp's stock. Maybe it's just a reflection of the market overall but News Corp's shares really dropped this past week as seen by the chart below. Coincidence? Perhaps. Then again.... The exclusion of Dr. Paul has backfired as major newspapers in the state of New Hampshire have jumped all over the story....and it's not a story of how some lowly candidate has been told to stay home by Fox News because he doesn't stand a chance in hell of winning. The stories instead ask "How and Why?". How could Ron Paul not be invited when Rudy Giuliani performed much worse in Iowa than Paul, who managed to crack double digits with 10% of the vote? Why is Ron Paul not invited to a state debate where he is presently polling better than three other invitees in New Hampshire? Fox News for us is a guilty pleasure. We watch it, we've appeared on Fox and we certainly do not encourage the shorting of a company's shares.....but the decision to leave Ron Paul out of this debate was a "bonehead" one to say the least made by individuals who we suspect do not have a full grip on reality. The Republican GOP in New Hampshire has now backed out of sponsoring the debate, even though it will still go on as planned. The headlines on Monday, however, will be "Where was Ron Paul?" and his New Hampshire exposure is bound to be twofold as a result.
---- Christopher Costigan, Gambling911.com Publisher CCostigan@CostiganMedia.com Originally published January 6, 2008 1:32 am EST
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