Rupert Murdoch called Glenn Beck a "terrific kickoff" for Fox News programs and denied that the network was "subsidizing" Beck's show due to decisions by numerous advertisers to drop Beck as part of a boycott.
Murdoch's defense of the controversial host came Tuesday during a conference call about News Corp.'s third quarter earnings.
The Los Angeles Times reports that when asked how Fox would "subsidize the show," Murdoch fired back that "it's not subsidizing the show at all."
At least 200 companies have boycotted Beck's program over the host's assertion that President Barack Obama hates white people, according to a March report in the Washington Post.
Beck's ratings have dropped 30 percent since January to 2.1 million viewers in April. However, Mediaite recently reported that Sean Hannity, Keith Olbermann, Bill O'Reilly, Campbell Brown and Rachell Maddow also lost viewers during the same period.