I may be lambasted for saying this, but I do not believe that Fox (or any large media company, really) should be permitted to purchase direct access to the TV hardware of roughly 30-50% of american households.
RCA owned NBC until 1986, when it was bought by GE. GE soon exited the TV business, but retained NBC for another two decades.
The Fox News audience has been told to passionately disagree with you.
that law does not exist, probably because not enough people feel that way
Much in the same way that the company selling tickets and taking a percentage of all ticket resales shouldn't also own the venues which can then force artists to use a specific ticketing provider, thus creating a monopoly.
We have antitrust laws in the US but they do us absolutely no good when the government refuses to even consider enforcing them, which seems to be the case in the past few decades.