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Last week, Fox Business Network stationed a reporter for five consecutive hours at a small company in Gardena. The message was that Prop. 24, which would remove $1.7 billion in business tax breaks, would drive business out of California. One Fox reporter intoned, "the proposition was setting up businesses to be destroyed, quite frankly," according to the New York Times. But in all that air time, Fox never revealed that it had given $1.325 million to defeat the initiative. Fox should have disclosed its donation, said the head of the ethics chair for the Society of Professional Journalists. San Diego-based Qualcomm has given $1 million to defeat the initiative. According to MapLight.org, recent gifts by Qualcomm and biotech Genentech brought the opposition donations to $15 million, topping the supporters' $14.6 million.
Last week, Fox Business Network stationed a reporter for five consecutive hours at a small company in Gardena. The message was that Prop. 24, which would remove $1.7 billion in business tax breaks, would drive business out of California. One Fox reporter intoned, "the proposition was setting up businesses to be destroyed, quite frankly," according to the New York Times. But in all that air time, Fox never revealed that it had given $1.325 million to defeat the initiative. Fox should have disclosed its donation, said the head of the ethics chair for the Society of Professional Journalists. San Diego-based Qualcomm has given $1 million to defeat the initiative. According to MapLight.org, recent gifts by Qualcomm and biotech Genentech brought the opposition donations to $15 million, topping the supporters' $14.6 million.