Posted on 06/10/2021 4:43:55 AM PDT by blam
James Murdoch, an heir to the Fox News fortune, spent $20 million opposing Donald Trump's 2020 reelection while funneling another $100 million through a nonprofit to support leftwing political groups, according to a new report.
James and his wife, Kathryn Murdoch, have largely backed Democrats or liberal, nonpartisan causes, according to CNBC, which found the large contribution while reviewing the 2019 tax return documents of Quadrivium, a 501(c)(3) nonprofit the couple control. Quadrivium was founded in 2014.
It has been widely known that the young Murdochs backed President Joe Biden's candidacy, but the $100 million for Democrats and other PACs was not well publicized, having been funneled through Quadrivium, CNBC reported.
The Murdoch family is worth $22 billion, according to Forbes.
The family controls Fox Corp and News Corp. James' brother, Lachlan Murdoch, is CEO of Fox, the parent to Fox News.
While James' father, 90-year-old billionaire Rupert Murdoch, and brother, Lachlan, are considered staunch Republicans, James has made known to associates that upon his father’s passing he and his more liberal sisters will control the family trust, and thereby Fox News.
Earlier this year, a report in the Financial Times reported that upon gaining control, James and his sisters do not plan on selling Fox News, but will reshape it into an establishment media outlet.
More than $25 million of James and Kathryn’s funding in 2019 went toward grants, including for several political causes, such as fighting climate change and helping voter turnout.
That was not the extent of the funding for the 2020 election cycle, a source close to the family told CNBC, speaking on the condition of anonymity.
Quadrivium had $100 million in its coffers going into 2020, the tax document showed — the same year James was CEO of 21st Century Fox
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(Excerpt) Read more at newsmax.com ...
Wonder if they will ever learn that they screwed up.
James Murdoch, an heir to the Fox News fortune, spent $20 million opposing Donald Trump’s 2020 reelection.
Ok so what did he get out of the deal people like him don’t do things like for free calling money trail hunters.
If my kids were liberals, I’d disown them of any serious assets to abuse.
But ... the sons are ultimately guilty, too, the same as Adam was.
To me, theirs are kinda similar to his and, in the end, I cast them out of my garden, too.
With money and leftism like the Murdoch’s have, they only keep conservative hosts as a veneer. They are like birds in a cage. If they really made a difference, they would be disappeared. I still wonder what Trump hater, Jedediah Bila did to get fired
U R correct .
That’s why I don’t watch anything on FAUX NEWS ANYMORE.
ANYTHING !!!
I didn't know she had left Fox but noticed she was absent from the weekend F&F the past couple of weeks. I consider her being gone for whatever reason is good news. She calls herself a libertarian but her dripping hatred of Trump after the election and into this year was easily observed any time she commented on a story about him. I say good riddance.
Like that is surprising...
I hope his father will leave him $1 and a ticket back to Australia!
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