Donald Trump Calls Out Fox News, Blames Canceling Of Real News For Layoffs
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Rupert Murdoch’s News Corp announced they are going to have to cut 5% of their staff this year.
They blame a “surge in interest rates and persistent inflation” for the reason.
Billionaire Rupert Murdoch’s News Corp. said it will cut 5% of its staff this year, or about 1,250 positions, across its empire after earnings plunged in its book publishing, news media and digital real estate divisions.
The reductions are “a necessary response” amid a “surge in interest rates and persistent inflation,” Chief Executive Officer Robert Thomson said on the New York-based media conglomerate’s second-quarter earnings call Thursday.
Employees will be let go across all the group’s businesses, which include the Wall Street Journal, publisher HarperCollins, and The Times and The Sun newspapers in the UK, according to Thomson. The annual savings will be at least $130 million, he said.
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News Corp. had about 25,500 employees, including 9,000 in the U.S., 5,500 in Britain and 8,000 in Australia as of June, it said in its latest annual report. Some 4,000 are represented by unions.
Donald Trump responded to the news by saying Fox News is down because they are no longer covering real news.
He blasted them for not covering the 2020 election fraud.
If Fox News treated MAGA and America First supporters the way they should, and if they discussed the biggest story of our time, the Rigged 2020 Presidential Election, people would come back to Fox, maybe! They’ve left CNN and MSDNC, Fox is down 30%, all because the REAL NEWS, is cancelled. We’re getting the word out anyway, and we will indeed MAKE AMERICA GREAT AGAIN!
What is going on at Fox News?
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