Lachlan Murdoch, chief executive of Fox Corp., struck an unapologetic and unworried tone with economic analysts, despite a costly lawsuit settlement and a ratings dip after the firing of Tucker Carlson.
“There’s no change to our programming strategy at Fox News,” Lachlan Murdoch said on Tuesday morning. “It’s obviously a successful strategy, and as always, we are adjusting our programming and our lineup and that’s what we continue to do.”
Murdoch, chief executive of Fox Corp., made his comments during the question-and-answer portion of a conference call with economic analysts to discuss the company’s quarterly earnings report. In the second quarter of the year, Fox Corp. lost $50 million, which the company attributed “primarily” to the $787.5 million settlement forged to end the $1.6 billion defamation lawsuit filed by Dominion Voting Systems over a slew of on-air false claims alleging fraud in the 2020 presidential election.
He attributed the decision in part to the way in which Delaware Superior Court Judge Eric M. Davis “severely limited” Fox’s avenues for defense, such as ruling ahead of trial that the allegations its guests and commentators made were undeniably defamatory and could not be defended purely on the basis of being newsworthy.Murdoch did not apologize for any of the statements that led to the lawsuit.
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