Adult Swim losing FOX Reruns

More likely, since the Walt Disney Company acquired the Fox Network, all of Fox's properties are Disney's now. Because Adult Swim is part of Cartoon Network, itself a holding of AT&T-Warner Brothers, Disney doesn't want its competitor playing with its "toys." Corporate selfishness at its finest. :/ To fill the void in Adult Swim's lineup, I expect them to tap into DiC Entertainment's productions, and maybe cull a few series from indie outfits and from Europe. Some of the British stuff is decent, though the pop-culture references tend to be oblique.

Hmm, curious that the Walt Disney Company would allow two of Fox's properties to air on ATT + Warner Brothers' channel. I can only speculate here, but two distinct factors might be driving this:
1) Mike Judge and Greg Daniels still retain some creative and licensing control over King of the Hill, and likewise, Matt Groening retains control over Futurama. So, when Adult Swim asked to air their creations on that channel, the creators gave the go-ahead, using Creator's Copyright to override Disney's objections.
2) Disney no longer has the deep pockets it once did, so a desperation for cash compels them to farm out their holdings to rival channels. Disney has been making duds lately, so licensing revenue from a rival studio is better than nothing.

Won't happen. Anti-monopoly laws prohibit cornering the broadcast market like that. Competition drives prices down, and pushes output improvements up. A Potterville economic model stagnates pretty quickly, and will drive consumers away. Here's proof that a one-and-only media outlet doesn't work: the only newspaper in the old Soviet Union was Pravda (Truth). Let's ask the Soviets how well that's working ... oh wait, the Soviet Union dissolved in the Nineties.