3/31/2023 0 Comments Ed bochs new name“For example, Fox Business may benefit from greater integration with The Wall Street Journal and some of Dow Jones’ other properties, but it is highly debatable whether the benefits from such an association flow both ways. “And even if such synergies do exist today, they would principally benefit Fox and reside in the News Media segment of News Corp,” Irenic Capital said (h/t Deadline). possibly merging into one entity, but Irenic Capital, which owns about 2% of News Corp., has taken issue with its potential merger.Ī merger would produce a more complicated company and turn off investors rather than increase the company’s lagging stock price, Irenic Capital stated in a letter to the News Corp. Rumors have swirled over Fox and News Corp. “Any alleged association resulting therefrom are also ‘rhetorical hyperbole’ and ‘pure opinion’ under well-established principles of defamation law,” CNN’s lawyers added. Trump’s attorneys argued CNN “has sought to use its massive influence - purportedly as a ‘trusted’ news source.”Īdditionally, Trump’s lawyer says that CNN attempted “to defame the Plaintiff in the minds of its viewers and readers for the purpose of defeating him politically, culminating in CNN claiming credit for ‘ Trump out’ in the 2020 presidential election.”ĬNN lawyers have pushed back against Trump’s claims saying that the former president “seeks to silence any criticism of Plaintiff’s debunked claim that the 2020 presidential election was ‘stolen.’” Trump filed the lawsuit against CNN because he accuses the network of defaming his character during the 2020 Presidential Election. Former President Donald Trump filed a lawsuit against CNN in October now, over a month later, the cable news channel is asking a judge in Florida to toss the case (h/t The Hill).
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