If this is true, I only have one thing to say to employees of Fox, NYPost et al: update your resumes. McKinsey will introduce your senior management to "rank and yank" and other practices that worked so well at, oh, Enron for example. Then, when you think you've survived that, one of their youthful consultants will be hired by your company -- as your replacement. On the bright side, it could be Chelsea Clinton.
Of course, this is just my opinion is all.