![]() ![]() ![]() ![]() “Now we have been and remain confident in the merits of our position that the first amendment protects a news organization’s reporting and allegations being made by a sitting president of the United States. “We always acted as a news organization reporting on the newsworthy events of the day,” Murdoch told investors Tuesday. “So as we look ahead, we are confident in the strength of the Fox brands and the strength of our balance sheet.”Īnd he again defended the company’s post-election coverage of the false conspiracy theories made against Dominion, even though internal communications among Fox anchors made public during the discovery process showed many of them didn’t believe the claims being made. “We’re proud of our Fox News team, the exceptional quality of their journalism and their stewardship of the Fox News brand,” he said. He said going to trial could have led to two to three years of appeals. On the company’s call with investors Murdoch referred to the settlement with Dominion as in the best interest of the company and its shareholders, given rulings by the Delaware court that he said limited its defense. The earnings statement didn’t mention Dominion Voting Systems, although it does refer to charges related to legal settlement costs at Fox News Media. The reason was a $719 million charge including the cost of the Dominion settlement, other legal settlements related to its news division and other legal costs, including attorney fees, which was partly offset by equity earnings of it affiliates and a change in the market value of some of its investments. His comments came after the company reported a $50 million net loss for the just completed quarter, compared to $290 million in profit a year earlier. “As always, we are adjusting our programming and lineup and that is what we continue to do,” Murdoch said. Murdoch described Fox News as “obviously a successful strategy” and suggested Carlson’s firing was a tweaking of its strategy, not a departure from it. “There is no change to our programming strategy at Fox News,” Murdoch said in response to an analyst who asked about Carlson’s ouster during the investor call Tuesday to discuss its financial results. CEO Lachlan Murdoch said there will be no change in strategy at the company’s top rated right-wing network, despite the firing of its top rated anchor Tucker Carlson and a massive $787.5 million settlement to Dominion Voting Systems that resulted in the company swinging to a loss in the just completed period. Despite a turbulent and expensive few weeks, Fox News isn’t changing course.įox Corp. ![]()
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