From a story on CJR’s The Media Today by Kyle Pope headlined “Fox and its friends”:

As the race for the presidency picks up steam—state primaries are a year away—the question of how to think about Fox News looms once ​​again.

On the one hand, the Murdoch cable TV empire remains as dominant as ever. It continues to reach more people than MSNBC and CNN, and ad revenue from the network helped generate more than $1 billion in net income for its parent company last year. Competitors once seen as conservative rivals to Fox have mostly faded into conspiratorial oblivion.