Fox Corp: Last News

Fox News is facing another defamation lawsuit, this time from the former executive director of a Department of Homeland Security division tasked with monitoring the threat of disinformation.

Brian Steinberg Senior TV Editor In an era when gargantuan media conglomerates hope to tempt advertisers into buying tons of commercials across many networks, streaming outlets and digital sites, Marianne Gambelli has come to appreciate the art of staying small. The executive, president of ad sales for Fox Corp., says in an interview that she believes the company will stand apart in the TV industry’s looming “upfront” sales session by not pressing potential sponsors to snap up commercial inventory in multiple venues. Want to buy an ad in a Fox Sunday NFL broadcast without having to load up on commercial avails at Tubi? Gambelli says staffers are willing to accomodate.

Fox CEO Lachlan Murdoch says Fox Corp. is in a good place despite the ongoing WGA strike given its mix of programming.

Fox Corp. said it swung to a $50 million loss last quarter from a $290 million profit the year before mostly due to the cost of a legal settlement with Dominion Voting Services.

Brian Steinberg Senior TV Editor The costs of settling a closely scrutinized defamation lawsuit levied by Dominion Voting Systems wiped out profit at Fox Corp., spurring a loss of more than $50 million in its third fiscal quarter despite seeing increases in revenue from advertising and distribution. The costs of setting the suit — Fox agreed to pay $787.5 million to settle claims that Fox News personalities had deliberately passed along erroneous information about Dominion’s role in the 2020 presidential election — that it offset a 43% gain in advertising during the quarter due to Fox’s broadcast of Super Bowl LVII, typically an event that boosts corporate performance year in and year out. Fox posted a loss of $54 billion, compared to profit of $283 billion in the year-earlier period. It attributed the loss to “charges associated with legal settlement costs at Fox News Media.”

Brian Steinberg Senior TV Editor Tucker Carlson is out at 8 p.m. on Fox News Channel, and the network hopes that a host of blue-chip advertisers that for years avoided his controversial hour will soon come back in. Since Carlson’s stunning exit last month, a timeslot that has been shunned by many Madison Avenue stalwarts seems as if it is being embraced. Procter & Gamble, one of the nation’s largest and most influential advertisers, has been running ads in “Fox News Tonight,” the network’s new 8 p.m. program, for female-skewing products like Venus razor blades by Gillette and Secret underarm deodorant. Also showing up in commercial breaks: Novo Nordisk’s trendy medication Ozempic, and Scotts Miracle-Gro.

Brian Steinberg Senior TV Editor How much should it cost to end media scrutiny on the internal workings of a news organization? Fox Corp. thinks an outlay of $787.5 million ought to be sufficient. In a letter filed Wednesday with the Superior Court of the State of Delaware, an attorney for Fox Corp. sought to keep redactions intact in documents supporting the case, and pressed a judge to keep media organizations from being able to examine the evidence further. “Fox agreed to settle this case to buy peace and bring an end to the media spectacle that the case had become,” says Katherine L. Mowery, an attorney representing Fox Corp. in its bid to quell further releases pertaining to its recent defamation settlement agreement with ballot-technology firm Dominion Voting Corp.

Todd Spangler NY Digital Editor Shares of media companies stayed relatively tranquil Wednesday amid the work stoppage imposed by the WGA’s writers strike and another interest rate increase by the Federal Reserve. WGA union members took the picket lines in L.A. and New York for a second day, as they called on studios and streaming companies to agree to new contract terms for Hollywood writers. Meanwhile, the Fed on Wednesday raised its benchmark policy rate by 0.25%, to a new range of 5% to 5.25%, which is the highest it’s been since September 2007. On the interest-rate hike, the Dow Jones Industrial Average turned negative and closed down 0.8% Wednesday, down 270.29 points to 33,414.24, while the Nasdaq ended the day down 0.46%.

Charlie Collier, who segued last fall from lengthy exec stints at Fox Corp. and AMC Networks to a top post at Roku, took the stage at his first NewFronts pitch Tuesday to invite advertisers to bring their messages to the stream.

Ellise Shafer Brian Kilmeade took over Fox News’ 8 p.m. hour on Monday night following news of Tucker Carlson’s exit from the network. The “Fox & Friends” anchor briefly addressed Carlson’s departure at the top of the program, which was renamed “Fox News Tonight” instead of “Tucker Carlson Tonight.” “As you probably have heard, Fox News and Tucker Carlson have agreed to part ways,” Kilmeade said. “I wish Tucker the best. I’m great friends with Tucker and always will be. But right now, it’s time for ‘Fox News Tonight,’ so let’s get started.” In a surprise move, Fox News announced on Monday morning that its most-watched primetime host would leave the network. “Fox News Media and Tucker Carlson have agreed to part ways,” the company said in a statement. “We thank him for his service to the network as a host and prior to that as a contributor.” 

Brian Kilmeade will host Fox News Tonight on Monday and is expected to address the exit of Tucker Carlson from the network.

Zack Sharf Digital News Director Sean Hannity was blindsided by Fox News’ announcement that Tucker Carlson is parting ways with the network. Carlson was Fox News’ most-watched primetime host with his 8 p.m. ET news hour “Tucker Carlson Tonight,” which Hannity then followed in the 9 p.m. hour with his own eponymous series. Carlson’s show launched in November 2016, while “Hannity” has been a Fox News flagship series since 2009. “It’s very hard,” Hannity said at the start of his radio show, “The Sean Hannity Show,” regarding Carlson’s Fox News departure (via The Wrap). “My phone has been blowing up all day. The hard part for me is I don’t have a clue… I have no idea. Was it Tucker’s decision? Was it Fox’s? Was it a mutual agreement that they had? I don’t know.”

Zack Sharf Digital News Director “The View” hosts rejoiced during the April 24 episode of the ABC talk show as it was announced during the taping that Tucker Carlson was leaving Fox News. The audience cheered when “The View” moderator Whoopi Goldberg broke the news on air, saying, “Word has just come down that Fox News Media and Tucker Carlson have agreed to part ways.” “Can I ask the audience if they’ll help me do something?” Ana Navarro said as she threw her hands in the air and started singing Steam’s 1969 hit “Na Na Hey Hey Kiss Him Goodbye.” “Come on folks! Na na na na. Na na na na. Hey, hey, hey. Goodbye! Sayonara,” Navarro said, leading “The View” audience in a sing-along to celebrate Carlson’s departure.

Tucker Carlson and Fox News have agreed to part ways, the media company said in a statement on Monday, less than a week after Fox News and parent company Fox Corp FOXA.O settled a defamation lawsuit by Dominion Voting Systems for $787.5 million.

Brian Steinberg Senior TV Editor Tucker Carlson will no longer be able to carry on his self-generated battle against lying, pomposity, smugness, and groupthink at Fox News Channel. Carlson, Fox News Channel’s most-watched primetime host, will leave the network in an abrupt and surprise exit, leaving the network without a fill-in for one of its most popular hours and with dozens of questions hanging over it as it grapples with pressures resulting from a $787 million settlement it will have to pay to Dominion Voting Systems “Fox News Media and Tucker Carlson have agreed to part ways,” the company said in a statement Monday. “We thank him for his service to the network as a host and prior to that as a contributor.” A spokeswoman for Fox News declined to elaborate.

Fox Corp. CEO Lachlan Murdoch is dropping his defamation claimagainst Australian news site Crikey over a column that connected him to the January 6th attack on the Capitol.

Dan Bongino is departing Fox News, as the conservative host announced that his program last weekend was his last.

Brian Steinberg Senior TV Editor Dan Bongino, one of the most right-leaning hosts in the Fox News stable, is leaving the network after the Fox Corp.-backed outlet and he could not come to terms on a new contract. “Folks, regretfully, last week was my last show on Fox News on the Fox News Channel,” Bongino said on his podcast Thursday. “It’s tough. It’s tough to say that. You know, I’ve been there doing hits and working there for ten years…so the show ending was tough. And I want you to know it’s not some big conspiracy. I promise you. There’s no acrimony. This wasn’t some WWE brawl that happened. We just couldn’t come to terms on an extension. Bongino, who joined Fox News as a contributor in 2019, began hosting the Saturday-night program “Unfiltered With Dan Bongino” on Fox News in 2021.

Brian Steinberg Senior TV Editor Fox Corp. has put increasing amounts of money behind news and sports in recent years. But that doesn’t mean the company is completely free of drama. A landmark $787.5 million settlement made Tuesday between Fox and the voting-technology company Dominion Voting Systems does not end what is likely to be a period of tumult for the owner of Fox News Channel and the Fox broadcasting network. The payment to Dominion to keep an explosive investigation into how Fox News disseminated conspiracy theories related to the 2020 presidential election out of the public sphere does nothing to alleviate another wave of scrutiny likely to come from another, similar lawsuit.

John Poulos, the CEO of Dominion Voting Systems, defended the $787.5 billion settlement with Fox News and Fox Corp., telling Good Morning America that “all of the facts we had discovered during the case had already come to light.”

Brian Steinberg Senior TV Editor Fox Corporation and Dominion Voting Systems agreed to settle a much-discussed $1.6 billion defamation lawsuit mere hours after a jury had been seated to consider the matter in Delaware’s Superior Court. Attorneys for the two sides had been set to deliver opening statements to the jury. But that activity was delayed Tuesday after Judge Eric M. Davis called for a lunch break. “The parties have resolved their case,” the judge said. The legal case had already generated intense scrutiny, with documents, emails and texts from senior Fox executives and well-known Fox News anchors and hosts all suggesting many people at the company knew they were disseminating conspiracy theories around the 2020 presidential election and Dominion Voting’s role in it.