Does anyone really believe that Fox News is a Fair and Balanced news network or is it really a "home" for Republicans?

My guess is real news is only about 40% of Fox News’ content and opinion draws about 80% of its viewership, except for breaking news or catastrophic news. It seems to me that they have a conservative point of view in their editorial policy. Why? The Acorn pimp thespian video scandal was talked about for weeks on FNC. Now that he’s been arrested for a felony, they barely mention him. Is that because it makes their POV look bad?