Trump took to his Truth Social to post this on Tuesday: “I’ll be doing CNN tomorrow night, LIVE from the Great State of New Hampshire, because they are rightfully desperate to get those fantastic (TRUMP!) ratings once again. They made me a deal I couldn’t refuse!!! Could be the beginning of a New & Vibrant CNN, with no more Fake News, or it could turn into a disaster for all, including me. Let’s see what happens? Wednesday Night at 8:00!!!”
Sounds a bit like a professional wrestling promotion, doesn’t it?
Major Trump news
In a civil trial, a Manhattan jury on Tuesday found Trump liable for sexually abusing magazine writer E. Jean Carroll. Trump also was found liable for defaming Carroll. She has been awarded $5 million.
Again, this was a civil trial, not a criminal trial, meaning Trump faces no jail time. Because of the statute of limitations, Trump cannot be charged criminally.
Carroll first publicly accused Trump in 2019, saying he raped her in a department store dressing room in the 1990s.
According to NBC News’ Adam Reiss and Dareh Gregorian, “Asked on their verdict sheet if Carroll, 79, had proven ‘by a preponderance of the evidence’ that ‘Mr. Trump raped Ms. Carroll,’ the nine-person jury checked the box that said ‘no.’ Asked if Carroll had proven ‘by a preponderance of the evidence’ that ‘Mr. Trump sexually abused Ms. Carroll,’ the jury checked the box that said ‘yes.’ Both allegations were elements of Carroll’s battery claim.”
Trump says he will appeal.
You would think that news such as this could significantly alter Trump’s presidential hopes, but, honestly, that seems unlikely. It might not make much of a ripple at all among his supporters.
But it will be interesting to see how this topic is handled in tonight’s town hall.
Carlson’s next move
Fired Fox News primetime host Tucker Carlson put out a nearly three-minute video on Twitter on Tuesday that said a bunch of outlandish stuff about the media and the so-called “truth” and a bunch of First Amendment gobbledygook. Here’s the tweet if you care to watch.
But then he got to the news of the video: He is taking “a newer version of his show” to Twitter. Carlson said the show will begin “soon,” but wasn’t specific beyond that. He concluded by saying, “See you soon.”
Puck’s Dylan Byers reported Carlson will forgo at least $25 million owed to him by Fox in order to break his noncompete clause.
Meanwhile, Axios’ Mike Allen and Sara Fischer reported Carlson’s lawyers are accusing Fox of fraud and breach of contract. The letter to Fox was sent just before Carlson announced his new show on Twitter. Axios wrote that the letter “made a host of document demands that could precede legal action.”
Axios also reported that Carlson was told by a Fox board member that he was taken off the air as part of the Dominion settlement.
So, it would appear that there are some legal matters that must be settled before Carlson can launch a show on Twitter.
Fox’s earnings call
Usually quarterly earnings calls for cable news networks are standard and boring stuff. Not Tuesday when Fox News’ top executive Lachlan Murdoch made his first public statements since the network settled a case with Dominion Voting Systems by writing a check for $787.5 million.
Sure, the lawsuit from Dominion spooked Fox News, which is why they agreed to settle. Murdoch admitted all the pretrial rulings against Fox “severely limited our defense at trial.” He said settling was “a decision clearly in the best interest of the company and its shareholders.”
But if you think it’s going to change the way Fox News does things, think again. Murdoch told investors and analysts, “There’s no change to our programming strategy at Fox News. 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.”
The question that everyone hoped would be answered, however, was not answered. Murdoch did say why Fox News fired primetime star Tucker Carlson. Murdoch also used an excuse that the judge in the Dominion case ruled wasn’t a valid defense: “As we’ve stated many times, we always acted as a news organization reporting on the newsworthy events of the day.”
Fox Corp. lost $50 million in the second quarter of this year, something Murdoch claimed was primarily due to the Dominion settlement. The New York Times’ Michael M. Grynbaum wrote, “Fox swung to a net loss of $50 million for the quarter, compared with earnings of $290 million during the same period last year. The loss came despite revenue increasing 18 percent, to $4.08 billion.”
One more item on Fox News. Check out this story from NPR’s David Folkenflik: “Fox isn't in the apology business. That could cost it a ton of money.”
BuzzFeed ends first quarter with $36.3 million loss
For this item, I turn it over to my Poynter colleague Angela Fu.
Amid declining revenue, BuzzFeed ended the first quarter with a $36.3 million net loss, the company announced Tuesday.
In the quarter ending March 31, BuzzFeed saw its revenue decline 27% year-over-year to $67.2 million. Shifts toward short-form and creator-led content, a weak digital advertising market and sales execution challenges have driven the decline, according to chief financial officer Felicia DellaFortuna.
The dismal results came just weeks after BuzzFeed announced it was closing its namesake newsroom and laying off 15% of its staff. The company will instead focus on content made by creators and artificial intelligence, founder and CEO Jonah Peretti said during the earnings call Tuesday.
“Broadly speaking, I believe that generative AI will begin to replace the majority of static content,” Peretti said.
The company is expanding its creator program and prototyping new uses of AI in quizzes and chatbots, he added. BuzzFeed has “significantly” reduced its costs and shifted resources to focus on these areas.
BuzzFeed stock closed at $0.57 a share Tuesday, continuing an overall decline since late January.
Leaving the company
Hadley Gamble — the CNBC anchor and senior correspondent who accused Jeff Shell, the former chief executive of NBCUniversal, of sexual harassment — is leaving the company. In a statement, the network called her a “distinguished journalist” and wished her “every success in her future endeavors.”
In March, Gamble issued a complaint against Shell for sexual harassment. An internal investigation showed evidence that “corroborated the allegations.” Shell was fired. He put out a statement that said, in part, “I had an inappropriate relationship with a woman in the company, which I deeply regret.”
The New York Times’ Benjamin Mullin reported, “CNBC and Ms. Gamble reached an agreement for her to leave the company, according to a person familiar with knowledge of the decision.”
ESPN’s ups and downs