The L.A. Times reports:

Murdoch was asked on the company's third quarter analyst call about the departure of advertisers, many of whom have left the show in an organized protest that began last year when Beck said President Obama had a “deep-seated hatred of white people.” One wanted to know how long Fox News would “subsidize” the show, which is “filled with house ads.”

“It's not subsidizing the show at all,” Murdoch fired back, adding that the theatrical Beck gives “a terrific kickoff” to the Fox News evening lineup.

At least 80 advertisers have dropped their ads from Glenn Beck's show since he called President Obama a “racist” with “deep-seated hatred for white people.” In November, Murdoch said that Beck's characterization of Obama was “something which perhaps shouldn't have been said about the president, but if you actually assess what he was talking about, he was right.”