Wow, are there actually people that think Faux News isn't heavily biased towards the right? Either you haven't actually watched it or you have a defective view of what "balanced" is.
I don't think it is so much being biased towards the right. The problem I see is it presents only 1 version of conservatism. For example, I have always voted republican but was reluctant to vote for Romney. I saw him as too much for an assertive US military and too much involvement in the Mideast. On the tax debate Fox will provide no voice to conservatives who want a balanced budget ahead of anything else. Raise taxes. If the economy tanks then conservatives have a great argument for lowering taxes and spending. If it does not, then we have to change the laws of economics.