Back in July, after Glenn Beck called President Obama a racist, NBC News' First Read blog stated:

What's most amazing about this episode is that what Beck said isn't a fireable or even a SUSPENDABLE offense by his bosses. There was a time when outrageous rants like this would actually cost the ranters their jobs. But not anymore; if anything, it's now encouraged

Today, we found out why there were no repercussions whatsoever for Beck's comment - his boss agrees with him. As Think Progress noted, in an interview with Sky News Australia, Rupert Murdoch said of the comment:

On the racist thing, that caused a grilling. But he did make a very racist comment. Ahhh...about, you know, blacks and whites and so on, and which he said in his campaign he would be completely above. And um, that was something which perhaps shouldn't have been said about the President, but if you actually assess what he was talking about, he was right.

So there you have it. Fox News' host calls the president of the United States a racist, Fox News' owner agrees with him, and Fox News' president has a long history of appealing to racial fears and biases for political gain as a Republican strategist. But of course, Fox News is a legitimate news organization.