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Carolyn Kaster / AP

We hear there are many more shoes to drop at Fox News (both revelations and replacements), even after yesterday's departure of co-president Bill Shine, the longtime Roger Ailes consigliere. (Press release here, with all the changes.)News: We're told Fox is still looking for an outsider to run the network.A Fox source emails me (all fascinating):"Simple fact is [Murdoch sons] James and Lachlan have been looking to turn the page since last summer. They convinced the board and their father that new leadership is required. They were willing to give Bill a chance to bring the place around. It wasn't clear that he was going to be able to be the change agent that was required.

"They were 100 percent serious about the cultural/workplace expectations for the place and inpatient waiting for Shine to deliver a clean bill of health. Expect we'll see more change ...
"Neither son is driving for a change of editorial (despite that convenient narrative) — but they are unwavering on change of management and a high performing work environment. Furious about the mess Roger created."

Drudge's priceless headline: "FOX LOSES ITS SHINE."

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Go deeper

Dan Primack, author of Pro Rata
3 hours ago - Politics & Policy

Democrats' billionaires tax explained

Illustration: Aïda Amer/Axios

There is now legislative language behind the push to tax American billionaires on unrealized capital gains, as Sen. Ron Wyden last night released his 107-page plan.

Why it matters: This would be a sea change in U.S. tax policy, which has only applied to realized gains (otherwise known as income).

4 hours ago - World

Scoop: Blinken protests Israel settlements approval in "tense" phone call

Benny Gantz (L) and Tony Blinken. Photo: Jacquelyn Martin/Pool/AFP via Getty

Secretary of State Tony Blinken protested the decision to approve 3,000 new housing units in Israeli settlements in the occupied West Bank during a tense phone call on Tuesday with Israeli Defense Minister Benny Gantz, three Israeli officials tell me.

Why it matters: This is the first time new construction in the settlements has been approved since President Biden assumed office, and the Biden administration had been privately pressing the Israeli government not to proceed.

The startup that wants to disrupt big internet providers

Illustration: Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.