Murdoch's Empire Crumbles: Trump's Lawsuit Causes a $10 Billion Blow!

Murdoch's Empire Crumbles: Trump's Lawsuit Causes a $10 Billion Blow!

In response to a controversial article about his ties with Epstein, Trump files a defamation lawsuit against media mogul Rupert Murdoch and the Wall Street Journal, leading to a significant financial loss for Murdoch.

Story: Trump's Defamation Lawsuit Against Murdoch and Wall Street Journal Allegedly Results in $10 Billion Loss

Story Summary

Following the publication of an article linking him to Jeffrey Epstein, former US President Donald Trump filed a defamation lawsuit against Rupert Murdoch and the Wall Street Journal. This legal action has allegedly resulted in a staggering $10 billion loss for Murdoch, raising questions about the future of his media empire.

Full Story

Trump Sues Wall Street Journal and Rupert Murdoch over Report on Epstein Letter

In a significant development, US President Donald Trump has filed a lawsuit against Rupert Murdoch, News Corp, Dow Jones, and two Wall Street Journal reporters, following a controversial report by the Wall Street Journal alleging that Trump sent a sexually suggestive letter to convicted sex offender Jeffrey Epstein in 2003. The lawsuit, which was filed in Miami's federal court, has sparked a rift between Trump and the 94-year-old media mogul, Murdoch.

Background

The Wall Street Journal, which is owned by Murdoch's News Corp, published a story claiming that Trump sent a letter to Epstein featuring a drawing of a naked woman's silhouette around a typewritten personal message, referred to as bawdy. Trump, however, has disputed this claim, stating that he does not draw pictures.

Key Developments

Following the publication of the article, Trump threatened to sue Murdoch and Wall Street Journal reporters and has now proceeded to file a lawsuit. The president's defamation lawsuit is seeking at least $10 billion in damages and court costs from Murdoch, News Corp, Dow Jones, and two Journal reporters. The complaint alleges that the Wall Street Journal's report was false and defamatory.

Trump has stated, I look forward to getting Rupert Murdoch to testify in my lawsuit against him and his 'pile of garbage' newspaper, the WSJ. That will be an interesting experience!!! The president's relationship with Murdoch, previously seen as close with the mogul even being spotted among the president's high-profile guests at events, appears to have soured considerably following this incident.

Reactions and Implications

In response to the lawsuit, Dow Jones has affirmed that they will vigorously defend themselves. The lawsuit has also stirred discussions about the nature of the relationship between Trump and Epstein, a New York financier who faced sex trafficking charges.

Moreover, the president has also requested the release of new documents related to Epstein, in what appears to be an attempt to quell the controversy. The US Justice Department has filed a motion in Manhattan federal court to unseal grand jury transcripts in the Epstein cases.

Current Status

The lawsuit is currently on file in the Southern District of Florida, with court records confirming that the case has been docketed. The full complaint, however, is not immediately available. As this legal battle unfolds, it threatens to further strain the relationship between the president and the media, particularly the Wall Street Journal and its proprietor, Rupert Murdoch.

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