Fox News as well as CNN & MSNBC are bad for the American public. They provide a hyperbolic sense of urgency to many continually unfolding matters and instill a fear in their viewers of the opposing political side. It's unfortunate that a lot of the less media literate will eat up whatever CNN, MSNBC, and Fox spews.
What I've also noticed is that many average viewers don't make a distinction between The Fox News Channel, the Fox broadcast network and their local Fox affiliates. Case and point, someone I know questioned why I would watch "Fox News", after I had shared a screenshot of a weather forecast from a local Fox affiliate.
Similarly, a friend of mine expressed skepticism that a network like Fox (associating it with the Fox News Channel) would air something like "Empire" , unaware that broadcast Fox had a history of airing urban and (and less conservative oriented) shows like In Living Color, Martin, Living Single and Married With Children.
Interestingly enough big Fox airs shows like Family Guy and The Simpsons which have openly lampooned Fox & Fox News. Off the top of my head, I can't think of any other major media entity that lets such sharp in house criticism of its parent corporation go uncensored.