All corporate media have direct ties through its board of directors with other large corporations, including banks, investment companies, oil companies, health care and pharmaceutical companies, etc.
On January 21, 2010 the Supreme Court ruled that corporations are persons. The court declared that by spending money to influence elections is constitutionally protected free speech. According to the courts logic more money enabled more speech.
In 2003, the Florida Court of Appeals ruled in favor of Fox News that there is no rule against distorting or falsifying the news under freedom of speech.