Yes Fox is very bad but the rest of MSM is very bad too. The truth about the TV station not having the licence renewed has been misreported across MSM, not just on FOX.
"RCTV and other commercial TV stations were key players in the April 2002 coup that briefly ousted Chavez's democratically elected government. During the short-lived insurrection, coup leaders took to commercial TV airwaves to thank the networks. "I must thank Venevisión and RCTV," one grateful leader remarked in an appearance captured in the Irish film The Revolution Will Not Be Televised. The film documents the networks’ participation in the short-lived coup, in which stations put themselves to service as bulletin boards for the coup—hosting coup leaders, silencing government voices and rallying the opposition to a march on the Presidential Palace that was part of the coup plotters strategy" - Coup Co-Conspirators as Free-Speech Martyrs, Distorting the Venezuelan media story