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☆ Fox posts quarterly loss on Dominion settlement despite boost from Super Bowl, Tubi
  + stars: | 2023-05-09 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City. Fox Corp. reported a quarterly net loss on Tuesday due to the costs related to its settlement with Dominion Voting Systems, despite revenue that was lifted by the Super Bowl and its fast ad-supported streaming service Tubi. Fox notched $4.08 billion in quarterly revenue, up 18% from the same period last year. The company also saw a boost after airing more NFL games during the season and from increased viewership for Tubi. Fox is the top-rated cable news channel, even as prime-time ratings in Carlson's slot have slid since his departure.
☆ Tucker Carlson announces plans to relaunch his show on Twitter
  + stars: | 2023-05-09 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +4 min
New York CNN —Right-wing extremist Tucker Carlson announced Tuesday that he will relaunch his program on Twitter, which he praised as the only remaining large free-speech platform in the world after Fox News fired him late last month. Carlson made the announcement in a video posted to the social media website, which Elon Musk acquired last year. Twitter has devolved in recent months into a chaotic platform where the traditional press has come under assault from the billionaire. He did not mention Musk has censored speech on Twitter, including banning several prominent reporters from the website just last year. Although Carlson did not directly address his abrupt firing from Fox News in the video, he strongly alluded to it.
☆ Carlson, Still Under Contract at Fox, Says He Will Start New Show on Twitter
  + stars: | 2023-05-09 | by ( Jeremy W. Peters | Benjamin Mullin | ) www.nytimes.com   time to read: +1 min
The former Fox News host Tucker Carlson, declaring, “We’re back,” said on Tuesday that he was starting a new show on Twitter, a sign that negotiations to reach an amicable separation with the network, where he is still under contract, had broken down. Mr. Carlson offered no details of when his new program would begin or what kind of content it would have — questions that highlight the uncertainties surrounding his departure from Fox News, which ultimately could block any attempt by the host to return to a prominent role in conservative media. A representative for the Fox Corporation, which has been engaged in negotiations over the details of Mr. Carlson’s exit from the network since he was taken off the air last week, had no comment. Mr. Carlson’s remarks, posted on Twitter, consisted of a three-minute monologue delivered directly to the camera. The post itself could violate the terms of his contract with Fox, which prevent Mr. Carlson from hosting a show on an alternate network.
☆ Fox’s Costs From Defamation Suit Lead to a Quarterly Net Loss
  + stars: | 2023-05-09 | by ( Michael M. Grynbaum | ) www.nytimes.com   time to read: +1 min
Lachlan Murdoch, the executive chairman of the Fox Corporation, conceded on Tuesday that a Delaware judge’s pretrial rulings against the company “severely limited our defense at trial” and contributed to his decision to settle the landmark defamation case brought by Dominion Voting Systems. Mr. Murdoch, on a call with investors and analysts, called the $787.5 million settlement — believed to be the largest in the history of defamation law — “a decision clearly in the best interest of the company and its shareholders.”In a remark that echoed the trademark defiance of his father, Rupert Murdoch, he also defended the conduct of Fox News personnel, saying the settlement “in no way alters Fox’s commitment to the highest journalistic standards across our networks, or our passion for unabashedly reporting the news of the day.”His remarks came after Fox revealed a real-world consequence of the landmark settlement: The company swung to a net loss in the first three months of the year, its quarterly revenue erased — and then some — by payments associated with resolving the lawsuit with Dominion, an election technology firm.
☆ Tucker Carlson to bring his show to Twitter
  + stars: | 2023-05-09 | by ( Katherine Tangalakis-Lippert | Erin Snodgrass | ) www.businessinsider.com   time to read: +1 min
Tucker Carlson will bring his show to Twitter, he said in a new video. Carlson will forgo approximately $25 million to break his non-compete clause with the network, Puck News's Dylan Byers reported. Tucker Carlson is bringing his prime-time show to Twitter. In a video titled "We're back," the ousted Fox News host announced his latest venture: a new show on social media. Representatives for Carlson, Fox Corp., Musk, and Twitter did not immediately respond to Insider's requests for comment.
☆ Ex-Fox News producer dismisses Delaware lawsuit against Fox, NY lawsuit pending
  + stars: | 2023-05-08 | by ( Helen Coster | Industry Insight | Wall Street Research | ) www.reuters.com   time to read: +2 min
The decision to dismiss the lawsuit does not mean she has settled the case, her lawyer, Tanvir Rahman, said Monday. Prior to that, she was a producer for Fox host Maria Bartiromo's Sunday morning show. Grossberg also said Fox intimidated her and fraudulently induced her to make false statements in her September 2022 deposition in the Dominion lawsuit. On April 18 Fox agreed to pay Dominion $787.5 million to settle the voting-technology company's defamation lawsuit in Delaware. Grossberg could have been a key witness had the Dominion case gone to trial.
☆ S&P 500 futures are flat as investors await closely followed inflation data: Live updates
  + stars: | 2023-05-08 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
S&P 500 futures are little changed Monday night as investors readied for key inflation reports due later in the week. S&P 500 futures inched down by 0.05%, while Nasdaq-100 futures shed 0.1%. The S&P 500 finished 0.05% higher, while the Nasdaq Composite ended with a gain of nearly 0.2%. Fox Corp. and Nikola are among companies set to report quarterly earnings before the bell, followed by Airbnb and Rivian after the market closes. Earnings season is beginning to wind down with more than 85% of the stocks in the S&P 500 done reporting.
☆ Fox asks Dominion Voting to probe leaks of Tucker Carlson messages
  + stars: | 2023-05-06 | by ( Jack Queen | Industry Insight | Wall Street Research | ) www.reuters.com   time to read: +3 min
May 5 (Reuters) - Fox News on Friday asked lawyers for Dominion Voting Systems to investigate whether they leaked controversial internal messages from ousted Fox host Tucker Carlson that were provided in evidence for their recent defamation lawsuit. The requests, which were made in letters released by Fox, came after multiple news outlets published racist and sexist remarks by Carlson contained in leaked internal messages and recordings. Fox News and its parent company Fox Corp (FOXA.O) said those were given to Dominion as part of the lawsuit, which claimed Fox defamed Dominion by airing false election-rigging claims. Dominion denied the materials came from the company or any of its lawyers. Media outlets including the New York Times reported that the decision came after Fox's board saw Carlson's internal messages.
☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
  + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com   time to read: +12 min
With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.
☆ Fox demands Media Matters stop publishing leaked Tucker Carlson videos
  + stars: | 2023-05-05 | by ( Jon Passantino | ) edition.cnn.com   time to read: +2 min
CNN —Fox sent a cease-and-desist letter on Friday to Media Matters, the progressive watchdog, and its president, demanding that it take down embarrassing behind-the-scenes videos of Tucker Carlson attacking Fox News’ streaming service and making crude remarks while joking with staff. “For Fox to argue otherwise is absurd and further dispels any pretense that they’re a news operation. Carlson referred to a Dominion lawyer as a “slimy little motherf**ker” and confessed to his producer “the hate” that he felt for him. It’s totally bad for you to feel that way,” Carlson said. “But that guy, he triggered the sh*t out of me.”The footage also showed Carlson trashing the right-wing network’s streaming service Fox Nation, expressing frustration that the platform “sucks” and complaining that its “unbelievable” shortcomings were a “betrayal” of his efforts.
☆ Regional bank stocks could be a market afterthought in the week ahead
  + stars: | 2023-05-05 | by ( Scott Schnipper | ) www.cnbc.com   time to read: +7 min
For the immediate economic and earnings and growth outlook, it almost seems irrelevant whether regional bank stocks rally, steady or sell off more next week. Regional banks were top of mind for investors this past week, as First Republic failed , the SPDR S & P Regional Banking ETF tumbled more than 10% — twice the five-day loss in the S & P 500 Energy Index, the hardest hit S & P sector — and lenders such as PacWest Bancorp and Western Alliance Bancorp lost billions in market value. And, for all that, the S & P 500 only fell about 0.75% this week. Now the conventional wisdom on Wall Street is that regardless of how the regional bank stocks trade, it's a given that bank lending officers are going to pull in their horns and risk management desks will grow more risk averse. But stocks still face a host of issues, none of which are going away next week.
☆ If Fox News was so worried about Tucker Carlson's racist text, they shouldn't have given him a platform for his 'toxic bigotry', say critics
  + stars: | 2023-05-04 | by ( Tom Porter | ) www.businessinsider.com   time to read: +4 min
Fox News sources told the NYT that a text message led to host Tucker Carlson's firing. But critics say the host embraced white nationalist views on his show for several years. In the text, Carlson made inflammatory remarks about violence and race. Critics of Fox News, however, say the remarks should not have come as a surprise to the network. And another likely factor in Carlson's exit was appeasing Fox shareholders in the wake of the $787.5 million settlement Fox News reached with Dominion.
☆ Tucker Carlson texted 'It's not how white men fight,' New York Times reports
  + stars: | 2023-05-03 | by ( Jon Passantino | ) edition.cnn.com   time to read: +3 min
New York CNN —In a newly revealed text message, ousted Fox News host Tucker Carlson made a racist comment and said he found himself briefly rooting for a mob of Trump supporters to kill a person, according to the New York Times. The text message alarmed Fox’s board of directors and played a role in Carlson’s abrupt firing last month, the paper reported. Tucker Carlson did not immediately respond to CNN’s request for comment. At the end of his text, Carlson reportedly continued that he does not condone violence. “What’s not news is the fact that Tucker Carlson is a white nationalist,” Greenblatt tweeted.
☆ Tucker Carlson helped broker the deal that made Kevin McCarthy House speaker after 14 failed votes, text messages show
  + stars: | 2023-05-03 | by ( Jacob Shamsian | ) www.businessinsider.com   time to read: +7 min
Tucker Carlson won concessions from Kevin McCarthy in a deal that made him House speaker, per his texts. McCarthy needed 218 votes to win his bid to become House speaker, giving him a small margin of error. The result was 14 rounds of votes that failed to produce a House speaker, making it the most contested speaker election in more than 150 years. Grossberg discussed some of the conversations between her and Carlson regarding McCarthy's House Speaker election in an interview with CNN on Tuesday night. On January 7, the House held its 15th vote for House Speaker.
☆ Fact Check-Purported clip of NYC ‘parade’ for Tucker Carlson’s Fox News exit is almost two years-old
  + stars: | 2023-05-02 | by ( Reuters Fact Check | ) www.reuters.com   time to read: +1 min
It is not related to Tucker Carlson exiting Fox News, as claimed on social media. “NYC is going nuts over Tucker Carlson news,” reads a superimposed text in the circulating clip, which appears to have originated on TikTok. It is also viewable on Facebook (here)Reuters reported on April 24 that former Fox News star Tucker Carlson had left the network, days after Fox Corp settled a defamation lawsuit in which Carlson had a key role (here). The TikTok user, whose handle is visible in the video “@tiktalkingschmidt" posted the content with the Carlson caption on April 24. This video predates Tucker Carlson’s exit of Fox.
☆ Trump Agrees to Return to CNN, Ending a Long Boycott
  + stars: | 2023-05-02 | by ( Jeremy W. Peters | ) www.nytimes.com   time to read: +1 min
Fox was the first network to do so. The move is also a way of drawing a sharp contrast with one of his expected opponents in the race, Gov. Lately, Mr. Trump has fumed about the release of private emails that show how Rupert Murdoch, chairman of Fox Corporation, expressed derision and contempt for him and his false claims of being cheated in the 2020 election. Mr. Trump lashed out at Mr. Murdoch and Fox for “aiding & abetting the DESTRUCTION OF AMERICA” on his social media platform, Truth Social. Mr. Trump also plans to skip at least one of the first two debates with his rivals for the 2024 Republican nomination, according to several people familiar with his plans.
☆ Super Bowl attracted record audience this year, revised data shows
  + stars: | 2023-05-02 | by ( ) www.reuters.com   time to read: +1 min
The ratings agency had previously announced in February that the game had an average viewership of 113 million. The revised numbers show that this year's Super Bowl surpassed the record set by the 2015 game, which saw 114.8 million people watch the New England Patriots beat the Seattle Seahawks. "FOX Sports is proud to have presented the most-watched Super Bowl and most-watched TV show of all time. The revised Super Bowl viewership figure is the result of a thorough review by Nielsen," Fox Corp's sports division said. Nielsen's figure includes people who watched the game on the Fox or Fox Deportes TV networks (FOXA.O) or streamed the game on Fox digital properties or NFL+.
☆ Biden attacks news outlets for 'lies of conspiracy and malice'
  + stars: | 2023-04-30 | by ( David Shepardson | ) www.reuters.com   time to read: +4 min
[1/3] U.S. President Joe Biden addresses the annual White House Correspondents Association Dinner in Washington, U.S., April 29, 2023. Speaking at the annual White House Correspondents' Association dinner, Biden referred to "truth buried by lies," in an apparent reference to false conspiracy theories that his 2020 election win was the result of a massive voter fraud. Lies of conspiracy and malice repeated over and over again designed to generate a cycle of anger and hate and even violence," Biden said. That cycle, Biden added, has emboldened local jurisdictions to ban books, and "the rule of law and our rights and freedoms to be stripped away." Biden said he and his administration were "here to send a message to the country and quite frankly to the world.
☆ Fact Check-Video of woman asking Donald Trump to ‘save us’ predates Tucker Carlson leaving Fox News
  + stars: | 2023-04-28 | by ( Reuters Fact Check | ) www.reuters.com   time to read: +1 min
A video that shows a woman crying and asking former U.S. President Donald Trump to “save us” dates back to at least January 2021 and is unrelated to Tucker Carlson leaving Fox News. Posts online, however, are sharing it after the anchor parted ways with the television channel. Reuters reported on April 24, 2023 that Fox News and Carlson parted ways just days after Fox Corp settled a defamation lawsuit in which Carlson was central (here). Dominion Voting Systems said his show, “Tucker Carlson Tonight”, aired debunked election-fraud claims involving the electronic voting company while questioning these rumors in private messages. The video dates back to at least January 2021 and is unrelated to Tucker Carlson leaving Fox News.
☆ Fact Check-BlackRock owns shares in Dominion Energy, not Dominion Voting Systems
  + stars: | 2023-04-27 | by ( Reuters Fact Check | ) www.reuters.com   time to read: +3 min
The world’s largest asset manager BlackRock Inc owns shares in power and energy company Dominion Energy Inc and not electronic voting company Dominion Voting Systems, which are two separate companies. Another Facebook post reads, in part: “Blackrock owns 59.M shares of Dominion Blackrock owns 45.7M shares of Fox. While the figure matches the one on social media, the filing was for Dominion Energy Inc, not Dominion Voting Systems. “Dominion Energy and Dominion Voting Systems are not related,” Ryan Frazier, manager of executive communications at Dominion Energy, told Reuters via email, adding that BlackRock is a shareholder in Dominion Energy common stock. “Blackrock does not own any shares of Dominion Voting Systems,” Isabela Velasco, a spokesperson for Dominion Voting Systems, told Reuters via email, adding that Staple Street Capital has a controlling stake in the voting systems company (here).
☆ Tucker Carlson re-emerges, targets US media and political system
  + stars: | 2023-04-27 | by ( Dan Whitcomb | ) www.reuters.com   time to read: +2 min
Carlson in the videotaped statement did not directly address his departure from Fox, where he hosted the highest-rated cable news program in the key age demographic on the most-watched U.S. cable news network. Instead, he took aim at American media and the U.S. political system. "Both political parties and their donors have reached consensus on what benefits them and they actively collude to shut down any conversation about it," Carlson said. Carlson and Fox parted ways less than a week after parent company Fox Corp (FOXA.O) settled for $787.5 million a defamation lawsuit in which Carlson played a starring role. Fox fired Grossberg, saying her legal claims were "riddled with false allegations against Fox and our employees."
☆ Howard Stern says Tucker Carlson was likely 'nothing' to Rupert Murdoch and just another 'worker bee' in his giant corporation
  + stars: | 2023-04-27 | by ( Natalie Musumeci | ) www.businessinsider.com   time to read: +3 min
Carlson forgot that he was just a "worker bee" in media mogul Rupert Murdoch's company, Stern said. Radio icon Howard Stern said ousted Fox News star Tucker Carlson was likely "nothing" to Fox Corp. chair Rupert Murdoch and that he forgot he was just another "worker bee" in the billionaire media mogul's gigantic company. "You're nothing because he's still gonna' have billions upon billions upon billions of dollars and own a giant corporation. You're a worker bee. Murdoch himself made the call to get rid of Carlson, Fox News' top-rated host, people familiar with the situation had told the Los Angeles Times.
☆ Fact Check-Fabricated CNN headline on Tucker Carlson’s exit from Fox News shared online
  + stars: | 2023-04-26 | by ( Reuters Fact Check | ) www.reuters.com   time to read: +1 min
(Advisory: Please note that this article contains sensitive content)An image purporting to show a headline published by CNN reporting that former Fox News anchor Tucker Carlson committed suicide following his exit from the network is fabricated. CNN confirmed to Reuters that the article was fake. Carlson left Fox News on April 24, days after parent company Fox Corp settled a defamation lawsuit by Dominion Voting Systems for $787.5 million (here). In the fabricated posts, the CNN masthead can be viewed across the top of the screenshot, with a headline that reads: “Former Fox News anchor Tucker Carlson has died from suicide.” An example of the screenshot can be viewed (archive.is/wip/2cOrO). CNN did not publish this article about Tucker Carlson.
☆ Fox agrees to give more Murdoch docs to Smartmatic in its defamation case
  + stars: | 2023-04-26 | by ( Marshall Cohen | ) edition.cnn.com   time to read: +3 min
New York CNN —Fox News has agreed to give voting technology company Smartmatic additional documents about Fox Corp. Chairman Rupert Murdoch and other senior corporate executives. “We will produce the materials as quickly as we are able to,” Fox lawyer Winn Allen said. These materials will include deposition transcripts and exhibits, apparently from the recently settled defamation case involving Dominion Voting Systems, a Smartmatic lawyer said in court. The monster case pits Smartmatic against Fox News, Trump lawyer Rudy Giuliani, Fox hosts Maria Bartiromo and Jeanine Pirro, and former host Lou Dobbs, who all promoted the baseless lie that Smartmatic rigged the 2020 election. An appeals court recently dropped Fox Corp. as a defendant, but Smartmatic refiled its lawsuit and is trying to re-add the parent company.
☆ Tucker Carlson's history of alleged workplace sexism stretches back to 2015, long before Abby Grossberg
  + stars: | 2023-04-26 | by ( Katherine Long | ) www.businessinsider.com   time to read: +10 min
Possible rationales include Murdoch's contempt for Carlson's religiosity and Carlson's insistence on hewing to conspiracy theories about the January 6, 2021 insurrection at the U.S. Capitol. Internal correspondence unearthed in a defamation lawsuit against Fox News showed Carlson used sexist expletives to refer to a female Fox executive and a guest. The company last week agreed to pay $787.5 million to settle a defamation lawsuit brought by Dominion Voting Systems. Carlson was one of many Fox News hosts who promoted false election conspiracies, the subject of the defamation suit, on their shows. Fox News is still facing a similar defamation suit from another voting machine manufacturer.
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