Fox Corp. CEO Lachlan Murdoch said Fox News is not about to adjust its political orientation despite a bumpy period during and after the 2020 presidential election and a recent slip in its ratings.The network’s ratings have dropped about 13% in recent weeks, putting the network in the rare position of trailing CNN and MSNBC, but Murdoch described the drop as predictable and cyclical.
Speaking during the company’s fiscal second quarter earnings call with Wall Street analysts, Murdoch said the ratings decline is to be expected given the election of President Joe Biden, a Democrat.
Once the news environment “normalizes,” the CEO predicts a “return to our ratings dominance.”Responding to an analyst’s observation about extensive media coverage
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