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Trump Slams Fox News for Favoring DeSantis Ahead of His Network Return

Published January 11, 2024

In a recent outburst, former President Donald J. Trump has leveled criticism against Fox News, a network that has often been regarded as supportive of his policies and presidency. Trump has accused Fox News of providing preferential treatment to Governor Ron DeSantis, his potential rival in the Republican primary. This accusation came just hours before Trump was scheduled to appear on Fox News for a live interview, marking his first appearance on the network in over two years.

Trump's Allegations Against Fox News

Donald Trump's allegations suggest a rift with a media outlet once considered an ally. In his critique, Trump did not hold back, claiming that Fox News is 'desperately trying to save' DeSantis by casting him in a positive light through their coverage. It's a bold claim that signals intensifying competition within GOP circles, especially as the primary season approaches and candidates vie for media attention and voter support.

Impact on Media Stocks

The media landscape, including corporations such as WBD Warner Bros. and FOX Fox Corporation, keeps a close eye on political developments, particularly those involving key political figures like Donald Trump. Both companies, headquartered in New York City, are key players in the mass media domain and are inevitably affected by the political narratives that intertwine with their news coverage.

While Trump's comments are directed at Fox News, broader market implications may be observed as viewers and investors alike gauge the network's objectivity and respond to these intra-party accusations. The situation may affect investor sentiment towards media stocks, as they reflect on potential biases and the impact such conflicts might have on a network's viewer base and, consequently, its financial performance.

Trump, Fox, DeSantis