This past week Fox News celebrated its 10th anniversary on the air. To mark the occasion, Rupert Murdoch--the 75-year-old Fox News founder, News Corp. chairman and CEO and one of the last of the media titans--spoke to TIME managing editor Richard Stengel about bias in the news, what MySpace means to the future of his business, and his most trusted sources of daily information.
What was your original vision for Fox News?
To be an alternative to CNN--and to be competitive. I just felt you've got 100 million homes out there. There is certainly room for more than one news channel.