Fox Paid $4.8 Billion in Taxes, MSNBC $0

This story at the Daily Mail is actually worse than the headline even indicates.

Fox paid $4.8 billion in taxes, MSNBC $0

OK, the headline is misleading.

The parent company of Fox News — News Corp. — paid the U.S. government $4.8 billion in taxes over the last four tax years (2007-2010).

GE, which owned most of MSNBC until late last year, paid zero taxes in 2010.

In fact, GE received a $3.2 billion welfare check from Uncle Sam.

GE received a $3.2 billion welfare check from the government.

Hmmm. I wonder why NBC and MSNBC give such fawning coverage to the President.

But hey, for the Obama White House it’s money well spent mainly because it’s not their money. It’s yours.