Rupert Murdoch, head of the News Corp. empire that includes conservative favorites like the Fox News Channel and the New York Post, will be hosting a New York senatorial fund-raiser for Sen. Hillary Clinton, D-N.Y..
The Murdoch event - which should not be viewed as Murdoch's formal endorsement of Sen. Clinton - will be held by July on behalf of News Corp, reports London's Financial Times.
"They have a respectful and cordial relationship," a source familiar with the event told the Times. "He has respect for the work she has done on behalf of New York."
The source cautioned, however, "I wouldn’t say it was illustrative of a close ongoing relationship. It is not like they are dining out together.”
Sen. Clinton has long been rumored to have interest in a run for the White House in 2008, but she must first complete a re-election campaign to retain her title as New York's junior senator.
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News of the Hillary fund-raiser follows close on the heels of last week's report in the New York Observer, which announced that ex-President Clinton had accepted Murdoch's invitation to speak at the Pebble Beach Golf Club in August.
"We have a good relationship with the former President," a News Corp. spokesman told the paper.
And last month, Sen. Clinton turned heads when she attended a Fox News 10th anniversary party in Washington, D.C.
Though Murdoch's American media properties regularly scorched both Clintons while they were in the White House - and have for the most part remained critical of Hillary during her first term in the Senate - there are signs that the Post, at least, may be warming to the former first lady's presidential bid.
In July 2005, for instance, the Post's editorial page has touted Mrs. Clinton's credentials to become commander in chief under the headline: "Hillary Clinton: The Unlikely Warrior."
"Whatever motives one might wish to impute, [Hillary] seems to recognize the security paradigm that undergirds politics in the 21st century," the paper said.
Last Sunday, columnist and one-time Post editor John Podhoretz pronounced her "tough enough" to become president.
"The qualities that make Hillary Clinton a not especially likable, even a dislikable, public figure are pretty good ones for the first serious female candidate for president," he wrote. "She possesses a hard-to-describe style that may be the perfect blend for the first woman president."