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Trump wants Florida senator for Republican National Committee Chair. Who is Joe Gruters?
Gov. Ron DeSantis may have snubbed state Sen. Joe Gruters for the Florida CFO spot, picking staunch ally Sen. Blaise Ingoglia instead, but Gruters may have a new job to step into. On July 24, President Donald Trump endorsed him to be the new Republican National Committee chair. The current chair, Michael Whatley, reportedly plans to step down to run for Senate in North Carolina. "Fortunately, I have somebody who will do a wonderful job," Trump posted on Truth Social, the social media site he owns. "His name is, Joe Gruters, and he will have my Complete and Total Endorsement," Trump said. "So, should Michael Whatley run for the Senate, please let this notification represent my Complete and Total Endorsement. HE WILL NEVER LET YOU DOWN!" Gruters, a Republican senator from Sarasota, current RNC treasurer, former Republican Party of Florida Chair and one of the people behind Trump's 2026 presidential campaign, told Florida Politics he was up for the job. 'I'm looking forward to advancing President Trump's America First agenda as the next Chair of the RNC,' he said. 'He is the greatest President in our nation's history, and I'm ready to serve, fight, and win for our party and our country.' Gruters, long a Trump ally, has had an on-again, off-again relationship with the governor, supporting him in some initiatives and falling in behind Trump in others. He was recently passed over for the long-empty position of Chief Financial Officer for Florida when DeSantis picked his own loyalist Ingoglia. Who is Sen. Joe Gruters? Gruters, 47, is a Tampa native with a bachelors' degree from Florida State University and an MBA from the University of South Florida. Previously a CPA for Robinson, Gruters & Roberts PA CPA LLC in Venice, he worked for multiple campaigns and became the chair of the Sarasota Republican Party. Gruters was an early Trump supporter and one of the few GOP leaders who got behind him in 2012. He became Florida co-chair of Trump's 2016 campaign. He won election as a House member in 2016 and moved to the Florida Senate two years later. He was reelected to the Senate in 2022. In 2019 he was elected chair of the Republican Party of Florida and reelected in 2021. In 2023, Trump appointed Gruters to manage the Patriot Legal Defense Fund, his tax-exempt legal defense expense fund. Trump announced in April he was appointing Gruters to vice chair of the White House Homeland Security Council. Gruters and DeSantis clashed back when Gruters was the state GOP chair over Gruters' pay and his organization of a fundraiser for the party. It didn't help when Gruters sided with Trump during DeSantis' campaign for the Republican presidential nomination, and later criticized the governor for spending taxpayer funds to attack an amendment that would have legalized recreational marijuana; Gruters supported the amendment. Who is Joe Gruters' wife? Sydney Gruters is active in Republican politics, too Gruters is married to Sydney Gruters and they have three children. Sydney Gruters was appointed by Trump in his first term to serve as the state director for Florida and the U.S. Virgin Islands for the U.S. Department of Agriculture. After that she worked as district director for U.S. Rep. Greg Steube before being hired as executive director of the New College Foundation during DeSantis' experiment in revamping the liberal arts college along more conservative lines. This article originally appeared on Sarasota Herald-Tribune: Joe Gruters of Florida is Trump's candidate for RNC chair
Yahoo
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FCC OKs $8B Paramount—Skydance Deal, Says It Ensures ‘Diversity of Viewpoints' at CBS
The Federal Communications Commission has approved the $8 billion merger of Paramount Global (PARA) and Skydance Media, claiming 'significant changes,' are coming to the CBS owner. 'Americans no longer trust the legacy national news media to report fully, accurately, and fairly. It is time for a change,' FCC Chairman Brendan Carr said. "That is why I welcome Skydance's commitment to make significant changes at the once storied CBS broadcast network.' Carr said Skydance has committed to ensuring New Paramount programming "embodies a diversity of viewpoints from across the political and ideological spectrum.' That commitment includes working with an ombudsman whose job it is to evaluate complaints of media bias. Paramount's politics have been in focus after the company in May agreed to pay President Donald Trump $16 million to settle a lawsuit over a CBS interview with former Vice President Kamala Harris. Trump's lawsuit alleged that CBS News had 'deceitfully edited a '60 Minutes' interview with the Democratic presidential candidate to make her sound better,' according to reports. Paramount recently announced the cancellation of 'The Late Show With Stephen Colbert,' which has included jokes criticizing Trump as a fixture of its material. Paramount called the move 'a financial decision against a challenging backdrop in late night.' Skydance Founder and Son of Oracle's Larry Ellison Will Lead New Paramount Paramount and Skydance agreed to merge in June after months of negotiations. As part of the deal, Skydance and its private equity backer will pay $2.4 billion to buy National Amusements, the holding company owned by Shari Redstone that controls about 77% of Paramount's voting share. The companies will pay $4.5 billion to Paramount shareholders and another $1.5 billion will go toward Paramount's balance sheet. David Ellison, founder of Skydance and son of Oracle (ORCL) co-founder Larry Ellison, will take over as CEO of New Paramount after the media conglomerate's previous chief executive, Bob Bakish, left earlier this year, with a three-person "office of the CEO" taking his place. Shares of Paramount rose slightly in early trading Friday. The stock is up more than 25% for 2025. Read the original article on Investopedia
Yahoo
a minute ago
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Trump Media Reveals $2 Billion Bitcoin Treasury as DJT Shares Pop
Trump Media and Technology Group (DJT, Financials) disclosed Monday that it now holds approximately $2 billion in bitcoin and related digital assets a move that pushes cryptocurrency to the center of President Donald Trump's growing net worth. Warning! GuruFocus has detected 4 Warning Signs with DJT. The bitcoin position now makes up roughly two-thirds of Trump Media's total liquid assets, the company said in a statement. Shares of the company, which trades under Trump's initials, rose as much as 9% at the open before settling up about 4% by mid-afternoon. The update follows a series of crypto-focused initiatives by the president, including the launch of a strategic bitcoin reserve, the appointment of a federal crypto czar, and the recent signing of the GENIUS Act, which sets a national framework for stablecoin regulation. CEO Devin Nunes said Monday that the company is rigorously implementing its digital asset strategy. Trump Media intends to use its bitcoin holdings to protect against potential banking discrimination and integrate with a planned utility token across the Truth Social platform. Trump Media has transformed itself into a financial services and cryptocurrency firm since going public last year through a SPAC merger. Beyond bitcoin, its portfolio includes ETF partnerships, a decentralized finance venture called World Liberty Financial, and the Trump-branded meme coin $TRUMP. Trump's stake in DJT is worth nearly $2.3 billion, with the assets held in a revocable trust managed by his son, Donald Trump Jr. Critics have raised concerns about potential conflicts of interest, but Trump's spokespeople say the trust arrangement keeps the president at arm's length from daily business decisions. The company's announcement came days after bitcoin reached a record high above $120,000, lifted by anticipation of further U.S. crypto legislation and institutional adoption. This article first appeared on GuruFocus. Sign in to access your portfolio
