Yeah I was surprised by this too because their total page payload is pretty light, but I ran the test a few times and it hovered around in the 40's. They're doing something wrong with their JS or their ad-auctioning script takes way too long.
Details at https://legiblenews.com/speed/websites/drudge-report and of course you can run it yourself and dig in at https://pagespeed.web.dev/report?url=https%3A%2F%2Fdrudgerep...
If you look at it in your own browser, be sure to turn off your ad-blockers. Pretty zippy when you do that.