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Rupert Murdoch's News Corp Sees Profits Plummet by Colossal 75 Percent - The New Republic

Rupert Murdoch’s media empire is slowly but surely disintegrating, as his News Corporation reported more than a 75 percent drop in profit.

News Corp on Thursday recorded just $187 million in net profit for the 2023 financial year, down from $760 million the previous year. The company has arms in the United States, the United Kingdom, and Australia, including the Wall Street Journal publisher Dow Jones & Company, The Sun, and News Corp Australia.

The plunge in profit was primarily due to lower print and digital advertising at News Corp Australia, as well as low print advertising in the U.K. News Corp said it was confident it could use AI going forward to create new content while also reducing overall costs.

News Corp is separate from Murdoch’s other notorious conglomerate Fox Corp, the parent company of Fox News. Murdoch split the companies in 2013. He briefly considered re-merging them in late 2022, but he abandoned the plan at the start of the following year because, according to The Economist, “some News Corp investors [were] unhappy at the prospect of being lumped together with Fox News, which they consider a toxic brand.”

Unlike the rest of News Corp, Fox profits seem to be surpassing expectations post–Tucker Carlson. But both of Murdoch’s news corporations, though, have been embroiled in costly legal battles. Prince Harry is suing News Corp’s British arm for multiple unlawful acts allegedly committed over several decades, including hacking his phone. And in the U.S., Fox Corp is fending off multiple lawsuits for spreading falsehoods about the 2020 election and defamation. Earlier this year, the company reported a $54 million loss thanks to the costly Dominion settlement.

Republican Representative Nick Langworthy tried to defend the GOP investigation into Joe Biden’s alleged corruption—only to end up admitting that they still don’t have any proof.

Republicans have insisted for months that Biden is guilty of corruption and influence peddling overseas, despite producing no actual evidence. But they continue to claim they have proof that he and his son Hunter Biden accepted millions of dollars in bribes.

But Langworthy fumbled that point big time on Thursday during an interview with Fox News. Fox correspondent Gillian Turner pointed out that Republicans have yet to produce “a smoking gun: clear-cut, undeniable proof of the president’s involvement.”

“Well, we’ve never claimed that we have direct money going to the president, but many members of his family have received money from foreign governments,” Langworthy said.

Turner interrupted to correct him: “That is precisely the claim that the chairman of your committee, James Comer, and also Jim Jordan have made many times,” she said, referring to House Judiciary Chair Jim Jordan, who alongside Comer has spearheaded the charge against Biden.

“We are putting an investigation together laying out the facts on the business dealings of this family,” Langworthy said awkwardly, trying to recover.

Langworthy did not fare much better in the rest of the interview. He also said that Hunter Biden’s former business partner Devon Archer had testified to the Oversight Committee under oath, which Turner again pointed out was not true. (And regardless of how he testified, Archer also refuted many of Republicans’ talking points against Joe Biden.)

Republicans’ main justification for continuing to investigate Biden is that they already have proof of his wrongdoing and are now just trying to expose the breadth of his crimes. Many Republicans, including House Speaker Kevin McCarthy, are starting to suggest opening an impeachment inquiry into Biden so that they can access more information and witnesses that will lead them to the truth.

But Langworthy’s stumble reveals the actual truth: Republicans have nothing on Biden. The reason they keep pushing forward is because they are looking for something to actually substantiate their allegations.

Another day, another classic food brand gone woke. This time, it’s Pop-Tarts.

Former Trump adviser and current white nationalist Stephen Miller has filed a complaint with the Equal Employment Opportunity Commission accusing Kellogg’s of targeting children through marketing campaigns that “politicize and sexualize its products.” Miller’s right-wing nonprofit America First Legal tweeted a list of such products, including a 2022 collaboration with GLAAD to make pink lemonade Pop-Tarts with neon pink filling.

There is nothing remotely sexual about the ad.

AFL also highlights Kellogg’s Pride cereal, a limited-edition cereal released in October 2022, which was just rainbow heart-shaped cereal but with all the cereal mascots on the box. The complaint also cites drag queen RuPaul’s appearance on the Cheez-Its box in September and Tony the Tiger posing with transgender influencer Dylan Mulvaney at the Tony awards in June.

“Kellogg’s is yet another big corporation that will break the law and hurt its shareholders’ interests to serve the twisted woke ideology of its officers and directors,” AFL charged.

Miller stumbled across these marketing campaigns while investigating Kellogg’s for having too much diversity in its ranks. AFL on Wednesday requested that the U.S. Equal Employment Opportunity Commission investigate the carbohydrates producer for racial discrimination … against white people, specifically white men.

AFL accused Kellogg’s of promoting people “based on skin color at the expense of others because of their skin color,” and complained that the company had special programs for underrepresented and underserved demographics such as Black people and women.

With Kellogg’s apparently lost to the wokeness rabbit hole, conservatives have to cross yet another company off a rapidly shrinking list of places they can comfortably eat, drink, and shop. People are also boycotting Chick-fil-A because it has an H.R. department. They are refusing to eat at Cracker Barrel after the chain posted favorably about Pride on social media.

Target, Walmart, and Kohl’s are all being boycotted for selling Pride merchandise. Nike and Adidas are selling trans-inclusive athletic wear, so they’re off the table too. The North Face and Patagonia did campaigns featuring a drag queen named Pattie Gonia.

People on the far right will probably also have to drop Ruger, Black Rifle Coffee, Home Depot, and Molson Coors, all of which have teams dedicated to diversity, equity, and inclusion initiatives.

The editor in chief of Christianity Today is warning that evangelical Christianity is moving too far to the right, to the point that even Jesus’s teachings are considered “weak” now.

Russell Moore resigned from the Southern Baptist Convention in 2021, after years of being at odds with other evangelical leaders. Specifically, Moore openly criticized Donald Trump, whom many evangelical Christians embraced. Moore also criticized the Southern Baptist Convention’s response to a sexual abuse crisis and increasing tolerance for white nationalism in the community.

Now he thinks his religion is in crisis.

Moore told NPR in an interview released Tuesday that multiple pastors had told him they would quote the Sermon on the Mount, specifically the part that says to “turn the other cheek,” when preaching. Someone would come up after the service and ask, “Where did you get those liberal talking points?”

“What was alarming to me is that in most of these scenarios, when the pastor would say, ‘I’m literally quoting Jesus Christ,’ the response would not be, ‘I apologize.’ The response would be, ‘Yes, but that doesn’t work anymore. That’s weak,’” Moore said. “When we get to the point where the teachings of Jesus himself are seen as subversive to us, then we’re in a crisis.”

Moore said he thinks a large part of the issue is how divisive U.S. politics are, which is now spilling over into the church. He pointed to how a lot of issues are “packaged in terms of existential threat,” leading to the belief among everyone, not just evangelical Christians, that “desperate times call for desperate measures.”

It makes sense, then, that evangelical Christians would embrace Trump, who portrayed himself as the answer to many of those supposed existential threats. Trump both campaigned and governed on a largely evangelical Christian platform. He moved the U.S. Embassy in Israel to Jerusalem; he cracked down on immigration from majority-Muslim countries; and he appointed multiple conservative judges, including to the Supreme Court, which has swung sharply right.

He made good on his anti-abortion promises when the high court removed the nationwide right to the procedure in June. Many LGBTQ protections were rolled back under his watch, and during the June 2020 protests over George Floyd’s murder by police, he tear-gassed demonstrators so he could take a heavily posed picture with a Bible in front of St. John’s Church near the White House.

And as Trump swings ever further right, it makes sense that people who believe he will solve their problems will follow blindly.

Clarence Thomas has for years hosted charity fundraisers in the Supreme Court building for his Republican billionaire friends. In return, they have taken the justice on dozens of luxury vacations worth millions of dollars, according to a stunning new ProPublica report.

“To use the Supreme Court to fundraise for somebody’s charity is, to me, an abuse of office,” Virginia Canter, a former government ethics lawyer who served in both Republican and Democratic administrations, told ProPublica. “It’s pay to play, isn’t it?”

ProPublica found that Thomas has happily accepted at least 38 luxury vacations from four different billionaires: Harlan Crow, David Sokol, H. Wayne Huizenga, and Paul Novelly. The gifts include yacht trips around the world, tickets to sporting events, transport on private jets, and stays at their exclusive resorts and private properties.

Thomas has disclosed none of these gifts on his financial statements, but ProPublica estimates the total value to be in the millions. And this is likely just the tip of the iceberg.

“It’s just the height of hypocrisy to wear the robes and live the lifestyle of a billionaire,” Don Fox, the former general counsel of the U.S. Office of Government Ethics and the senior ethics official in the executive branch, told ProPublica.

Thomas likely met all of his billionaire sugar daddies through the Horatio Alger Association, which costs $200,000 to join. Thomas was inducted into the society in 1992, a year after he joined the Supreme Court bench. He now hosts an annual fundraiser for the association in the Supreme Court’s Great Hall. Attendance costs $1,500 for members (five times that for nonmembers).

The Supreme Court does not have an official code of ethics, but the justices say they consult the judiciary’s code of conduct. That code explicitly discourages federal judges from using their position to fundraise for outside organizations.

Some of the gifts Thomas has accepted from his Horatio Alger friends include a trip on Sokol’s private jet to his private ranch in Wyoming (valued in the low eight figures), a deep-sea fishing trip in the Caribbean on one of Novelly’s yachts, and a standing invitation to Huizenga’s members-only golf club. Huizenga sold the club in 2010, and it currently has a $150,000 initiation fee.

Thomas was already under fire for failing to report the many gifts he received from Crow, which include island-hopping yacht vacations and tuition for Thomas’s nephew. The Nazi memorabilia collector Crow also bought and renovated a Thomas family property, where Thomas’s mother still lives.

The justice’s behavior prompted increased scrutiny on the Supreme Court, and the Senate Judiciary Committee advanced a bill that would require the justices to adopt a code of ethics. The measure would create rigorous new financial disclosure rules, as well as establish a process for submitting and investigating ethics complaints against the justices.

Read ProPublica’s full story here.

Joe Biden dragged Representative Lauren Boebert on Wednesday for celebrating the benefits of his clean energy initiatives after voting against them in Congress.

Biden spoke at the groundbreaking ceremony for a wind tower manufacturing facility in Albuquerque, New Mexico. He hailed advancements in clean energy and how addressing climate change was also creating new jobs. Biden also noted that a wind energy plant for CS Wind is being built in Pueblo, Colorado. Both projects received funding from the Inflation Reduction Act, which almost every single Republican in Congress voted against.

“Coincidentally, CS Wind is Congresswoman Lauren Boebert—you know, the very quiet Republican lady?—it’s in her district,” Biden said. “Who, along with every other Republican, voted against this bill. And it’s making all this possible. And she railed against its passage. But, that’s OK, she’s welcoming it now.”

This isn’t the first time Biden has called out Republicans for trying to claim wins from policies they voted against. In June, Alabama Senator Tommy Tuberville celebrated a $1.4 billion investment to expand broadband access in his state, a major tenet of Biden’s Infrastructure Investment and Jobs Act.

Biden roasted Tuberville for it, tweeting he would see the senator “at groundbreaking” and later commenting that “to no one’s surprise, [the act is] bringing along some converts. People strenuously opposed, voting against it when we had this going on.”

A Florida state attorney branded Ron DeSantis a “weak dictator” on Wednesday after he suspended her, making her the second elected, Democratic state attorney that the Florida governor has removed from duty.

In an executive order, DeSantis said Monique Worrell had failed to prosecute crimes including violent crime, drug trafficking, and pedophilia. He nominated former judge Andrew Bain, a member of the conservative group the Federalist Society, to serve during her suspension. DeSantis appointed Bain to the bench in 2020.

Worrell, for her part, hit back hard, accusing DeSantis of using her to distract from his “failing and disastrous” presidential campaign. Suspending her was just a way to throw a bone to his supporters and get more media attention.

“If we are mourning anything this morning, it is the loss of democracy,” Worrell told reporters. “I am your duly elected state attorney for the ninth judicial circuit, and nothing done by a weak dictator can change that. This is an outrage.”

Worrell announced she would still run for reelection. She is now the second state attorney that DeSantis has suspended for disagreeing with him.

State Attorney Andrew Warren sued DeSantis in August, two weeks after the governor suspended him for alleged “willful defiance of his duty.” DeSantis justified the suspension by pointing to a joint statement Warren signed with other elected prosecutors the day Roe v. Wade was overturned, which codified their “firm belief that prosecutors have a responsibility to refrain from using limited criminal legal system resources to criminalize personal medical decisions,” such as abortion or transgender health care.

Warren denied explicitly refusing to enforce laws and argued his suspension was political retaliation and a violation of his First Amendment right to free speech. A federal judge sided with him in January—but said he was unable to restore Warren to office because that would be an overreach of the court’s authority.

Worrell alluded to Warren in her comments Wednesday. “​​Elected officials are being taken out of office solely for political purposes,” she said. “Under this tyranny, elected officials can be removed simply for political purposes and by a whim of the governor and no matter how you feel about me, you should not be OK with that.”

It is deeply concerning that DeSantis feels he has the right to remove elected officials at will, and it should raise major red flags about what he might do as president. But given his performance so far, he may never get there, anyway.

Elon Musk’s Twitter refused to comply with a federal search warrant for Donald Trump’s Twitter account, resulting in hundreds of thousands of dollars in fines for the social media company, according to court documents released Wednesday.

Special counsel Jack Smith obtained the warrant in mid-January and served the warrant to Twitter, now called “X,” alongside a “nondisclosure order.” The order barred the social media platform from informing Trump that his account would be searched.

After being  served the warrant, however, the company took several days to respond. Twitter then filed a motion to vacate the nondisclosure order on February 2, arguing the order violated the First Amendment, and refused to comply. The company demanded that U.S. District Court Judge Beryl Howell, who was overseeing the case at the time, block enforcement of the search warrant until the matter was resolved.

Instead, Howell found Twitter in contempt and fined the platform $50,000 a day, doubling for each day of noncompliance. Twitter still did not comply with the warrant until February 9, resulting in a total of $350,000 in fines.

Twitter appealed the ruling, but in July, an appeals court upheld Howell’s decision, the documents released Wednesday show.

“The district court found probable cause to search the Twitter account for evidence of criminal offenses,” the three-judge panel said in its ruling. “Moreover, the district court found that there were ‘reasonable grounds to believe’ that disclosing the warrant to former President Trump ‘would seriously jeopardize the ongoing investigation’ by giving him ‘an opportunity to destroy evidence, change patterns of behavior, [or] notify confederates.”

It’s not yet clear what Smith was looking for on Trump’s account. The former president favored Twitter over every other form of communication, and used the platform to push his election fraud conspiracies and encourage his followers to come to Washington on January 6, 2021. Many people arrested in connection with the January 6 insurrection said they felt that Trump’s tweets were a direct call to arms.

Smith could try to use Trump’s tweets to demonstrate a pattern of behavior, part of proving one of the conspiracy charges against the former president. Trump was charged last week with trying to overturn the 2020 election and faces four counts of conspiracy to defraud the United States, conspiracy to corruptly obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding, and conspiracy against the right to vote.

Ohio Secretary of State Frank LaRose is livid that his plan to overthrow local democracy was thwarted by democracy, and the Senate candidate has decided the best response is to insult his own constituents.

Ohioans on Tuesday overwhelmingly rejected an amendment to raise the threshold for ballot initiatives to 60 percent of votes, which would have paved the way for minority rule in the state. Republicans had argued the amendment was needed to protect the state constitution from the influence of special interest groups.

But in reality, the measure was put forward to block another amendment, which goes up for a vote in November, to enshrine abortion rights in the constitution. LaRose himself admitted as much, saying in June that the August election “is 100% about keeping a radical pro-abortion amendment out of our constitution.”

Now that his central issue has lost (badly), LaRose, who will likely be the Republican candidate challenging Democrat Sherrod Brown for Senate, is blaming all the people he claims to want to represent. “I’m grateful that nearly 1.3 million Ohioans stood with us in this fight, but this is only one battle in a long war. Unfortunately, we were dramatically outspent by dark money billionaires from California to New York, and the giant ‘for sale’ sign still hangs on Ohio’s constitution,” he said in a statement.

This is blatantly untrue. Both campaigns supporting and opposing raising the vote threshold were primarily funded by out-of-state donors, but the “yes” campaign significantly out-fundraised the “no” side.

Most of the “yes” campaign’s money came from one billionaire Republican megadonor, with smaller donations from anti-abortion groups—including Susan B. Anthony Pro-Life America, which is linked to dark money king Leonard Leo.

LaRose also used his statement to spread baseless fears: “Ohioans will see the devastating impact of this vote soon enough. The radical activists that opposed Issue 1 are already planning amendments to shut parents out of a child’s life-altering medical procedure, force job killing wage mandates on small businesses, prevent law abiding citizens from protecting their families and remove critical protections for our first responders.”

There are currently no state ballot initiatives for the issues LaRose mentions, such as gender-affirming care for minors or raising the minimum wage. But go off, I guess.

LaRose ended his statement by promoting himself and, implicitly, his Senate campaign. But that may not go down so well, now that he’s shown he backs losing issues and then has a tantrum when they perform poorly.

Senator Dianne Feinstein was taken to the hospital after falling at her home in San Francisco, according to multiple outlets.

“Senator Feinstein briefly went to the hospital yesterday afternoon as a precaution after a minor fall in her home,” a Feinstein spokesperson told TMZ Wednesday. “All of her scans were clear and she returned home.”

The 90-year-old senator was missing from the chamber for nearly three months earlier this year due to a particularly bad bout of shingles. That illness led to her contracting Ramsay Hunt syndrome, which causes facial paralysis and vision and balance impairments, as well as encephalitis—an inflammation of the brain that can cause “lasting memory or language problems, sleep disorders, bouts of confusion, mood disorders, headaches and difficulties walking,” according to The New York Times.

When she did finally return to Congress, she seemed completely unaware that she had been missing at all.

She is also increasingly reliant on her staff to direct her on how and when to vote. “Just say ‘aye,’” a colleague told her in one particularly awkward moment last month.

This is the second-oldest U.S. Senate in history. Two-thirds of Californians believe Feinstein is no longer fit to serve.

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