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☆ Raytheon's CEO said on an earnings call that the company stood to 'benefit' from DoD budget increases due to the war in Israel
▼ + stars: | 2023-10-25 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +5 min

President Biden requested an additional $106 billion to the DoD budget, citing the Israel-Hamas war and other global conflicts. The CEO of military contractor RTX said Tuesday the company could "benefit" from an increased DoD budget. RTX Corporation, formerly known as Raytheon, is a long-time US defense contractor which has worked on supplying Israel's Iron Dome since 2014. Liwag asked how quickly RTX Corporation, formerly known as Raytheon Corporation, could profit if Congress approves President Biden's request for a DoD budget increase in 2024. He called the budget request "a smart investment" in American security and emphasized the need to support Israel's Iron Dome.

Persons: Biden, RTX, —, Greg Hayes, Hayes, Kristine Liwag, Morgan Stanley, Liwag, Biden's, you've, Liwang, Israel, Kevin McCarthy's, Jake Sullivan, USA, Sam Deneke Organizations: RTX Corporation, Raytheon, Service, RTX, US Department, Raytheon Corporation, Israel, Raytheon Defense, CNBC, Israeli Defense Force, Rafael Advanced Defense Systems, DoD, Republican Party, National, U.S . Department of Defense, Corporation Locations: Israel, Ukraine, Gaza, U.S, Egypt

☆ 3 things to watch in the stock market next week as bond yields hover at 2007 highs
▼ + stars: | 2023-10-21 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +12 min

The usual suspects were to blame — rising bond yields, geopolitical tensions, and oil prices — and will hold the keys to the market this coming week. Earnings are one of the three major themes on the marquee next week, with 10 Club companies reporting. Here are the companies: Danaher (DHR), Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Veralto (VLTO), Honeywell (HON), Linde (LIN), Amazon (AMZN), Ford (F) and Stanley Black & Decker (SWK). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Jerome Powell, Jim Cramer, Jim, Morgan Stanley, Stanley Black, Decker, Danaher, Veralto, it's, Mark Zuckerberg, We're, Vimal Kapur, Linde, Jim Farley, Ford, FactSet, Powell, WTI, Baker Hughes, Edwards Lifesciences, Northrop, CARR, Davidson, Dr Pepper, Phillips, Jim Cramer's, Michael M Organizations: Dow Jones, Nasdaq, Economic, of New, Treasury, West Texas, Procter, Gamble, 10, Microsoft, Honeywell, Linde, LIN, Health Care, Technology, Communications Services, Google, Meta, Ford, Amazon, United Auto Workers, Atlanta, Wall Street, Hamas, Brent, Strategic Petroleum Reserve, Logitech, Verizon, General Electric, GE, RTX Corporation, Halliburton, HAL, General Motors, Dow Chemical, DOW, Xerox, Texas Instruments, F5 Networks, WM, Boeing, Fisher, Mobile, Hilton, General Dynamics, Norfolk Southern, Otis Worldwide, IBM, KLA, O'Reilly Automotive, Mattel, Whirlpool, Gross, Royal Caribbean Cruises, Hershey Company, United Parcel Service, Southwest Airlines, Altria, Northrop Grumman, Valero Energy Corp, Mastercard, Merck, Co, Myers Squibb, Newmont, Tractor Supply Company, Comcast, Seagate Technology, Boston, Hertz, Carrier, Hasbro, Harley, Intel, Grill, United States Steel, Boston Beer Company, Texas, University of Michigan, Exxon Mobil, Chevron, Charter Communications, Colgate, Palmolive, Newell Brands, Sanofi, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: of New York, U.S, Industrials, OpenAI, America, Venezuela, Cleveland, Norfolk, ORLY, Bristol, Brunswick, Oshkosh, New York City

☆ Fox’s top lawyer blasts judge in Dominion case, says trial would’ve been ‘months of utter pain’
▼ + stars: | 2023-10-16 | by ( Marshall Cohen | ) edition.cnn.com time to read: +4 min

Viet Dinh, former Chief Legal and Policy Officer for Fox Corporation. Dinh said Davis issued “really illogical” rulings in the pretrial phase, which “hamstrung” Fox’s defense strategy. This artist sketch depicts Judge Eric Davis of Delaware Superior Court on the bench Monday, April 17, 2023, in Wilmington, Delaware. Elizabeth Williams/APThe judge ruled that none of Fox’s on-air statements about Dominion were true and rejected Fox’s attempts to throw the case out. Dominion made many of these messages public through court filings, and they painted an incredibly damning picture of Fox News.

Persons: CNN —, Viet Dinh, Eric Davis, ” Dinh, –, Donald Trump, Joe Biden, Fox, Dinh, Davis, ”, Eric Davis of, Elizabeth Williams, Fox’s, Tucker Carlson, “ Organizations: CNN, Fox, Dominion Voting Systems, Fox Corporation, Delaware, Harvard Law, ” Dominion, Fox News, Eric Davis of Delaware Superior Court, Dominion, Harvard Locations: Viet, Delaware, Wilmington , Delaware, Smartmatic

☆ The biggest controversies during Murdoch's reign at Fox
▼ + stars: | 2023-09-22 | by ( Tamara Lindstrom | Lilian Manansala | ) www.businessinsider.com time to read: 1 min

Rupert Murdoch stepped down as chair of Fox Corporation and News Corp on September 20. The 92-year-old billionaire amassed a global media empire but was racked with scandals over his seven-decade career.

Persons: Rupert Murdoch Organizations: Fox Corporation, News Corp

☆ Rupert Murdoch, a kingmaker in GOP politics, enriched himself as he poisoned America
▼ + stars: | 2023-09-22 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —Rupert Murdoch’s reign over the insidious right-wing media kingdom he forged into existence over a decades-long career is coming to a close. Murdoch is a strategic thinker and ruthless businessman, who would have given the timing of his exit immense thought. Is the announcement an indication that Murdoch is attempting to further cement his son, Lachlan, as his successor? The other question is: How will this transition impact the organization of Murdoch’s companies? And the biggest question of all: Does Murdoch have some additional surprises left up his sleeve?

Persons: Rupert Murdoch’s, Murdoch, “, Murdoch bashed, ”, ” Murdoch, —, Donald Trump, Lachlan, Will Lachlan Organizations: CNN, Fox Corporation, News Corporation, Fox News, Fox, Voting Systems, Dominion, News Corporations Locations: cahoots, Smartmatic

Rupert Murdoch is officially stepping down from his current role at Fox News and News Corp. He's handing the reins to his son, Lachlan Murdoch. Lachlan Murdoch was previously the executive chairman and CEO of both companies. He will hand the reins to his son, Lachlan, who will take over as sole chairman of both companies, Murdoch said in a memo to employees. "My father firmly believed in freedom," Murdoch wrote, "and Lachlan is absolutely committed to the cause."

Persons: Rupert Murdoch, Lachlan Murdoch, Lachlan, Murdoch Organizations: Fox News, News Corp, Service, Fox Corporation Locations: Wall, Silicon

☆ Stocks making the biggest moves midday: Splunk, Cisco, Broadcom, Fox and more
▼ + stars: | 2023-09-21 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Cisco Systems , Splunk — Shares of Cisco fell 3.9% Thursday after the company said it is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion. KB Home posted its fiscal third-quarter report Wednesday evening, reporting earnings of $1.80 per share on revenue of $1.59 billion. Analysts polled by LSEG, formerly known as Refinitiv, called for earnings of $1.43 per share and revenue of $1.48 billion. Broadcom — Shares of Broadcom moved lower by almost 2.7%. Klaviyo — The marketing automation company stock closed Thursday roughly 2.9% higher.

Persons: Rupert Murdoch, Eli Lilly —, Klaviyo, Horton —, PulteGroup, Horton, Zillow, CNBC's David Faber, —, Alex Harring, Tanaya Macheel, Samantha Subin Organizations: Broadcom, Cisco Systems, Cisco, KB, LSEG, Fox Corporation, News, News Corp, Broadcom —, Google, CNBC, Klaviyo, New York Stock Exchange, Zillow, FedEx —, FedEx, Paramount, Netflix, Disney, Writers Guild of America, Wednesday Locations: San Jose , California

☆ Who is Lachlan Murdoch, the new chairman of Fox and News Corp?
▼ + stars: | 2023-09-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

Rupert Murdoch, one of the most powerful media tycoons of the modern era, is stepping down as chairman of Fox Corporation and News Corporation at the age of 92 and handing the reins to his 52-year-old son. The takeover planning appeared to begin in 2015, when Rupert named Lachlan and his brother James Murdoch as co-chairmen of 21st Century Fox. James later left the company, and Lachlan became CEO of the Fox Corporation in 2019, following Disney’s acquisition of 21st Century Fox. With his father’s departure, Lachlan will become the sole chairman of both Fox and News, after having co-chaired the company for years. It’s unclear whether right-wing cable network’s pro-Trump rhetoric will change with Lachlan Murdoch more fully in the driver’s seat.

Persons: Murdoch, Rupert Murdoch’s, Lachlan, Rupert Murdoch, Rupert, James Murdoch, James, ” Lachlan Murdoch, Lachlan Murdoch, Trump, Tucker Carlson, Sean Hannity, Laura Ingraham, Paddy Manning, Sarah, Anna Torv, Elisabeth Organizations: New, New York CNN, Fox Corporation, News Corporation, Century Fox, Fox, Trump, CNN, Capitol, Princeton Locations: New York, Australian, Sydney, Lachlan, London, United States, Australia

☆ Rupert Murdoch steps down as Fox and News Corp. chairman, sending shockwaves through media and politics
▼ + stars: | 2023-09-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —Rupert Murdoch, the powerful right-wing media mogul who built and oversaw one of the world’s most influential news empires, announced Thursday that he will step down as chairman of his companies, Fox Corporation and News Corporation. Lachlan Murdoch steps inLachlan Murdoch will take over as chairman of Fox and News Corporation. Evan Agostini/Invision/APStepping into his shoes, Murdoch’s eldest son, Lachlan, who already serves as chief executive of Fox Corporation, will become sole chairman of both companies. In 1986, Murdoch got into the television business after he purchased several US television stations and created Fox Broadcasting. In recent years, under Murdoch, Fox News has advanced baseless conspiracy theories, including the Covid-19 pandemic and the 2020 presidential election.

Persons: Rupert Murdoch, ” Murdoch, Murdoch, Donald Trump’s, Lachlan Murdoch, Evan Agostini, Lachlan, ”, Rupert, “, ” Rupert Murdoch, Trump, oilman Marvin Davis, Donald Trump, Bill Hemmer, Hemmer, Dana Perino Organizations: New, New York CNN, Fox Corporation, News Corporation, “, ”, Fox and News Corporation, Wall Street Journal, New York, Republican Party, Fox News, CNN, Australian, UK’s, The Times, Sunday Times of, Century Fox, Fox Broadcasting, Sky, Comcast, Fox, Disney, Fox Sports, Fox News Fox News, Voting Systems, Dominion Locations: New York, cahoots, Sunday Times of London, Britain, America

☆ Photos: Media mogul Rupert Murdoch
▼ + stars: | 2023-09-21 | by ( ) edition.cnn.com time to read: +1 min

Rupert Murdoch announced Thursday that he will step down as chairman of Fox Corporation and Fox News. It's now a massive multimedia empire that spans the globe and includes TV, online, film and print interests. Murdoch, 92, owns hundreds of publishing outlets across the world and is one of the richest and most powerful people in the world. "Murdoch is the most ruthless businessman in world history," said Roger Stone, political strategist and ally of former President Donald Trump. I hope to be able to leave them a great opportunity like my father left me," Murdoch said.

Persons: Rupert Murdoch, It's, Murdoch, Roger Stone, Donald Trump Organizations: Fox Corporation, Fox News, News Corp, HBO Locations: Australia

☆ Michael Wolff’s juicy book on Fox News is set to hit shelves. Here’s why readers should be cautious when diving into it
▼ + stars: | 2023-09-19 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

In the forthcoming book, a copy of which CNN obtained in advance of its release, Wolff makes a number of shocking and explosive claims. Suzanne Scott feared she would lose her job as chief executive of Fox News amid the Dominion lawsuit, he reports. And Fox sources tell me that Wolff made no attempt to fact check his book with either Fox News or its parent company, Fox Corporation. With Fox News, where an author might be basing major claims using less-than-reliable sources, the risks are more pronounced, making such reporting efforts even more paramount. Fox News, for its part, is choosing not to respond to the specific claims Wolff makes in the book.

Persons: Michael Wolff, Murdoch, ”, Wolff, Rupert Murdoch, Sean Hannity, Suzanne Scott, Critics, Walter Isaacson, Elon Musk, Isaacson, Musk, Bret Baier, Jesse Watters, “, ” Wolff, Murdoch’s, ‘ Organizations: CNN, Fox News, Dominion, Elon, Eastern, Musk, Washington Post, Fox Corporation Locations: Manhattan’s Greenwich, Russian, Crimea

☆ Fox Sued by New York City Pension Funds Over Election Falsehoods
▼ + stars: | 2023-09-12 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

The State of Oregon, representing Oregon’s public employees retirement fund, joined the New York City funds in their lawsuit against Fox. The lawsuit, which was filed in Delaware, was shared with The New York Times. It will remain under seal at the court for five days to allow time for redactions before it is made public. The board includes the media mogul Rupert Murdoch and his son Lachlan Murdoch, who control the company. Fox has faced numerous legal battles in the wake of its promotion of election conspiracy theories.

Persons: Fox, Donald J, Trump, “, ”, Rupert Murdoch, Lachlan Murdoch Organizations: New, Fox, Fox Corporation, The New York Times, redactions, Fox News, Dominion Locations: Oregon, New York City, Delaware

Fox, which has maintained it is proud of its dishonest 2020 election coverage, still faces an even larger, $2.7 billion lawsuit from election technology company Smartmatic. That is the crux of our lawsuit, and we look forward to making our case in court.”A spokesperson for Fox Corporation declined to comment on the lawsuit. A spokesperson for the New York City Comptroller’s office said the pension funds held 857,000 shares of Fox Corporation stock valued at $28.10 million. Fox Corporation, led by Rupert and Lachlan Murdoch, has kept the current Fox News leadership team that oversaw the network’s lie-filled 2020 coverage in place. Earlier this year, Fox News settled a defamation case with a Venezuelan businessman who had filed a lawsuit against the company over its 2020 election coverage.

Persons: “, Brad Lander, ” Ellen Rosenblum, ”, Rupert, Lachlan Murdoch, Viet Dinh, Ray Epps, Fox, Abby Grossberg Organizations: CNN, Fox Corporation, Fox News, Fox, Voting, New, Dominion, FBI Locations: York, Oregon, Delaware, New York City, Viet, Arizona, Venezuelan

NEW YORK (AP) — New York City's pension funds and the state of Oregon sued Fox Corporation on Tuesday, alleging the company harmed investors by allowing Fox News to broadcast falsehoods about the 2020 election that exposed the network to defamation lawsuits. New York City's pension funds are long-term shareholders of Fox Corporation, with shares valued at $28.1 million as of the end of July. In a statement, Oregon Attorney General Ellen Rosenblum said the Fox breached its fiduciary duties by disregarding legal risks. “The directors’ choices exposed themselves and the company to liability and exposed their shareholders to significant risks," she said. “That is the crux of our lawsuit, and we look forward to making our case in court.”

Persons: ”, Brad Lander, Fox's, Donald Trump's, “, Democrat Joe Biden, Lachlan Murdoch, Ellen Rosenblum Organizations: —, Fox Corporation, Fox News, Voting Systems, Oregon, Dominion, Democrat, Fox Corp, Smartmatic, Fox Locations: York, Oregon, Delaware, New York City, Trump, Smartmatic USA

☆ Disney’s battle with Charter could pose an existential threat to the cable bundle
▼ + stars: | 2023-09-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —It’s a carriage fight that could lead to the dismantling — or revolution — of the cable television bundle. Charter argues that it is paying a premium for Disney content ($2.2 billion in 2023), but that much of the first-class, buzzy content is actually on platforms like Disney+, not the linear channels. And it says it has proposed “creative ways” to make Disney’s DTC offerings available to Charter subscribers. But, in Disney’s eyes, why would it give away access to its expensive DTC content at no additional cost to Charter subscribers? “The Walt Disney Company and Charter have the opportunity to work together on transforming the industry for the long-term benefit of both companies and their customers,” Charter said.

Persons: CNN —, Disney, “, Bob Iger, Chris Winfrey, ” Organizations: CNN, Disney, Charter Communications, US, NFL, ABC, ESPN, Labor, Charter, Warner Bros, Paramount, Comcast, Fox Corporation, Hulu, FuboTV, Walt Disney Company, ”

☆ Lachlan Murdoch pays over $800,000 in legal fees to Australian publisher after abandoning defamation suit
▼ + stars: | 2023-08-22 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

CNN —Lachlan Murdoch, Fox Corporation’s chief executive, paid substantial legal fees to Private Media, which publishes the scrappy Australia-based news outlet Crikey, after abandoning his defamation lawsuit against the outlet. So, $1,306,739 Australian ($839,207.39 US) to cover Private Media’s legal costs, more than the $1.1 million Australian ($705,000 US) that had been sought by the outlet. Private Media, which had crowdfunded its legal defense against Murdoch, pledged to donate $588,735 Australian ($377,555 US) — all of the money it had raised — to the Alliance for Journalists’ Freedom. Will Hayward, the chief executive of Private Media, said he was “delighted” to be able to donate the funds. “This includes campaigning for a Media Freedom Act, supported by a voluntary membership that will recognize quality journalism.”

Persons: Lachlan Murdoch, Fox, John Churchill, Murdoch, Crikey, unindicted, ”, doesn’t, Donald Trump, “, “ Crikey, Mr Murdoch, Churchill, Will Hayward, ” Hayward, Peter Greste Organizations: CNN, Fox Corporation’s, Private Media, Capitol, Fox Corp ., Fox News, Dominion, Systems, Alliance for Journalists ’ Locations: Australia

The former president has told aides that he has made up his mind not to participate in the debate and has decided to post an online interview with Tucker Carlson that night instead, according to people briefed on the matter. Upstaging Fox’s biggest event of the year would be provocation enough. The decision is a potential source of aggravation for the Republican National Committee chairwoman, Ronna McDaniel, who privately urged him to attend, including in her own visit to Bedminster last month. But Mr. Trump’s primary motive in skipping the debate is not personal animosity toward Ms. McDaniel but a crass political calculation: He doesn’t want to risk his giant lead in a Republican race that some close to him believe he must win to stay out of prison. They spoke on the condition of anonymity because they were not authorized to speak for the campaign.

Persons: Tucker Carlson, Upstaging, Carlson —, Trump, Ronna McDaniel, McDaniel, that’s, Fox —, Rupert Murdoch — Organizations: Republican National, Republican, Fox Corporation Locations: Bedminster

☆ Fox General Counsel Will Depart
▼ + stars: | 2023-08-11 | by ( Jeremy W. Peters | More About Jeremy W. Peters | ) www.nytimes.com time to read: 1 min

Fox Corporation’s chief legal officer, Viet Dinh, is departing, the company announced on Friday, in a major shake-up at the company after the landmark $787.5 million settlement it paid to Dominion Voting Systems in April. Mr. Dinh, a former official in the George W. Bush White House who amassed considerable power inside Fox, will stay on through the rest of the year, Fox said. Mr. Dinh gave what some inside the company considered flawed advice during the Dominion suit, which exposed a pattern of deceptive coverage by Fox News after the 2020 election. He insisted that Fox was on firm legal footing and could take the case, if need be, all the way to the Supreme Court, where he believed the company would prevail on First Amendment grounds. Check back for updates.

Persons: Fox, Viet, Dinh, George W, Bush Organizations: Dominion Voting Systems, Mr, Bush White House, Fox, Dominion, Fox News Locations: Viet Dinh

CNN —Fox Corporation on Friday said its top lawyer, Viet Dinh, will exit the company in a significant shakeup to its corporate ranks in the aftermath of the company’s historic $787 million settlement with election technology company Dominion Voting Systems. Dinh is the latest senior executive to depart after the historic Dominion settlement. Days after Fox settled the lawsuit with Dominion early this year, the company fired its star prime time host, the right-wing extremist Tucker Carlson. Dominion is just one of several high-profile lawsuits Fox has settled this year over its airing of false election conspiracy theories in 2020. In June, the network settled a lawsuit brought by former producer Abby Grossberg for $12 million.

Persons: Viet Dinh, ”, Lachlan Murdoch, Dinh, “, Fox, Rupert, Lachlan, ” Dinh, Murdoch, Raj Shah, Lou Dobbs, Smartmatic, Tucker Carlson, Abby Grossberg, Grossberg, Carlson, Smartmatic —, Erik Connolly Organizations: CNN — Fox Corporation, Voting Systems, FOX, Century Fox, Fox Corporation, SEC, Fox News, Fox, Dominion, CNN Locations: Viet, Dominion, Venezuelan

☆ Flutter's US bet drives first half profit 76% higher
▼ + stars: | 2023-08-09 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

The Dublin-based company said this made it the first online betting operator to turn a profit in the U.S and it did so six months ahead of schedule. Analysts at JPMorgan also noted a more cautious outlook on Australia, where Flutter's first half revenues fell by 1%. The U.S. profits contributed to reported EBITDA of 765 million pounds across the group, versus the 731 million pounds forecast by eight analyst polled by Refinitiv. Flutter and broadcaster Fox Corporation (FOXA.O) said last month it would close the FOX Bet sports betting platform. That would eclipse the record full year earnings of 1.4 billion pounds Flutter posted during the COVID-19 online betting boom of 2020.

Persons: Dado Ruvic, Jefferies, Paddy Power, Padraic Halpin, Louise Heavens, Barbara Lewis Organizations: REUTERS, JPMorgan, PokerStars, Ireland, Refinitiv, FOX Bet, Fox Corporation, Thomson Locations: Dublin, U.S, Australia

☆ The 'Barbenheimer' box office success can help a range of stocks, analysts say. Here are some of them
▼ + stars: | 2023-07-24 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

The opening weekend success of Warner Bros. Warner Bros. Discovery, Comcast and Paramount in 2023 Wolfe Research managing director Peter Supino said Warner Bros. Given the box office numbers, Nispel said the weekend will likely be positive for Warner Bros. B. Riley's Eric Wold noted IMAX screens were able to "completely dominate" this weekend for "Oppenheimer" showings.

Persons: Oppenheimer, Rosenblatt, Steve Frankel, WBD, Peter Supino, Brandon Nispel, Nispel, Barbie, Gordon Haskett, Don Bilson, They're, Roth, David Bellinger, Bellinger, it's, Eric Wold, It's, Wold, Alicia Reese, — CNBC's Michael Bloom, NBCUniversal Organizations: Warner Bros, Discovery, Universal, Comcast, Paramount, Wolfe Research, Mattel, Hollywood, MAT, AMC Entertainment, AMC, CNBC Locations: Delaware, NBCUniversal

☆ Even Fox News and the Murdochs are turning on DeSantis after his rough campaign start
▼ + stars: | 2023-07-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

The GOP presidential hopeful's own super PAC has been blunt about his campaign's struggles. According to reports in Rolling Stone and The New York Times, Rupert Murdoch and his influential News Corp empire are souring on the governor. "They are transactional and can smell a loser a mile away," an unnamed Fox insider told Rolling Stone, referring to Rupert and Lachlan Murdoch, and top Fox News executives. You should be my governor," Fox News host Sean Hannity once beamed to DeSantis during the pandemic, The Times pointed out. These subtle shifts, Rolling Stone reported, are no accident.

Persons: Ron DeSantis, Rupert Murdoch, Stone, Rupert, Lachlan Murdoch, Glenn Youngkin, Youngkin, DeSantis, Trump, Anthony Fauci, Sean Hannity, romped, Maria Bartiromo, what's, He's Organizations: Florida Gov, The News Corp, Service, Gov, GOP, The New York Times, News Corp, Fox, Fox News, The Times, Virginia Gov, Murdoch, New York Post, Wall Street, Post, Yahoo Finance, Fox Corporation Locations: Florida, Wall, Silicon, Rolling, Virginia, DeSantis, Iowa, Wells

☆ Rupert Murdoch Can Do Whatever He Wants. It’s Becoming a Problem. - The New York Times
▼ + stars: | 2023-07-04 | by ( William D. Cohan | ) www.nytimes.com time to read: +3 min

Mr. Murdoch’s heir apparent, Lachlan, defended Fox and the Dominion settlement when speaking to investors on May 9. Contrast Mr. Murdoch with, say, Jamie Dimon, the chairman and chief executive of JPMorgan Chase, the nation’s largest bank. Does anyone at Fox or News Corp hold Mr. Murdoch accountable in the same way? One way to rein in Mr. Murdoch may lie with Smartmatic. Smartmatic, or even the recently filed shareholder lawsuit against Fox, could end up pressuring Fox, and indirectly News Corp, to scrap their dual-class stock structures.

Persons: Murdoch’s, Lachlan, ”, “, ” Ms, Minow, Roberts, Shari Redstone, Murdoch, Jamie Dimon, JPMorgan Chase, Joaquin Duato, Johnson, Dimon, he’s, Duato Organizations: Fox, Fox News, Fox Corporation, Comcast, Paramount Global, JPMorgan, Mr, News Corp Locations: America

☆ White House rips Fox News as the right-wing channel launches sinister attacks on Biden
▼ + stars: | 2023-06-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —The White House is disgusted with Fox News — even more so than usual. Which is why, perhaps, the White House felt the need to formally respond, even though, typically, the Biden administration opts not to get in the mud with the network. Asked about the “dictator” charge on Wednesday, White House press secretary Karine Jean-Pierre replied, “There are probably about 787 million things that I can say about this. Meanwhile, White House deputy press secretary Andrew Bates went nuclear on the outlet for its story about the pride flag. No such statement was released about the story Fox News published about the supposed “controversial new transgender flag” the White House flew over the weekend for Pride Month.

Persons: Joe Biden, Biden, ”, Donald Trump’s, Fox, Karine Jean, Pierre, ” Jean, Andrew Bates, Bates, “ Fox, ” chyron, Tucker Carlson Organizations: CNN, Fox News, Democratic White, Fox, White, Dominion, Systems, White House, Pride Month, Biden Locations: United States

☆ Fox News Tells Tucker Carlson to Stop Posting Videos on Twitter
▼ + stars: | 2023-06-12 | by ( Jeremy W. Peters | Benjamin Mullin | ) www.nytimes.com time to read: +1 min

After the discovery of one particularly incendiary text from Mr. Carlson, the Fox Corporation board decided to begin an internal investigation into his conduct. Mr. Carlson’s cancellation — he is still an employee of Fox unless the network decides to let him out of his contract — has upended Fox’s lucrative and popular prime-time lineup. Roughly one-third of its prime-time audience has tuned out since Mr. Carlson was taken off the air. Mr. Carlson’s lawyers have argued that Fox News breached its contract with Mr. Carlson first, in part by failing to prevent his private messages from being disclosed. The former Fox host also believes his Twitter show is protected speech under the First Amendment, according to a person with knowledge of Mr. Carlson’s legal strategy.

Persons: Carlson, —, Fox, Mr Organizations: Fox Corporation, Fox, Fox News, Twitter

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