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Trump blames Fox News for GOP midterm losses
CNBC • • nation
Key Points:
- President Donald Trump criticized Fox News on Truth Social, blaming the network for Republican losses in the midterm elections and accusing it of favoring Democrats.
- Democrats gained control of both the Senate and House, flipping traditionally Republican seats in states like Texas, South Carolina, and Kansas.
- Fox News reported a 27% drop in October viewership compared to the previous year, which CEO Lachlan Murdoch attributed to "viewer fatigue" rather than audience switching to competitors.
- Despite the ratings decline, Fox Corp. posted strong fiscal first-quarter results with a 22% revenue increase, driven by political advertising and major sports events like the FIFA Men's World Cup.
- Trump has historically had a friendlier relationship with Fox News compared to other media outlets, but his recent criticism marks a notable shift amid the election outcomes.
