And magically, what they could have done a year ago and saved themselves all this embarrassment and bad press, lawyers fees, and probably in the settlement amount; they finally do now. Just always felt like Fox being arrogant about their place in the world, or the lawyers convincing them to string it out so they could get paid more and maybe make a name for themselves.
They will probably learn not to be so “specific” with their lies. Keep the lies vague enough such that no one specific entity can claim damages. That is generally how conspiracy theory websites stay in business (infowars only stepped in it by going after the families of slaughtered elementary school students).
or just a game of chicken, hoping Dominion would drop it or accept peanuts as a settlement. Plus Fox et al can play the victim card they are so good at.
The settlement could be kept private, *but* as Fox is a public company it will probably be figured out with Fox’s next financial filing at the latest. These talking heads are making it like they will be able to keep it secret, but I don’t think that’s entirely correct. A smaller settlement might be able to kept private, can’t really do that a $1.6 Billion suit. That is a material figure to Fox’s financial statements. They will have to disclose something about that, at least in general terms.
$787,500,000. Guess nondisclosure wasn’t part of the deal. They also admitted to spreading lies. Dayum.
I was just going to post the same thing. Hard to hide a massive settlement for a public company, unless it’s paid out over a long stretch. But there will be some form of an impairment on their quarterly. Does suck that we have to wait three months for that. I just truly hope that Tucker in particular has to apologize on air and admit he knew he was wrong and purposely mislead his audience.
Considering they publicly “lost” the case, yeah. The other poster alluded that they could have avoided a lot of embarrassing disclosure by settling early. This would have been a good settlement on day 1 to avoid all that embarrassment. Dominion probably still worried the inevitable “win” might not have netted the full $1.6 billion. A settlement is always going to come in splitting the difference like this, earlier offers were probably much, much lower.
Yeah, that is a huge amount of money. As they just pointed out on CNN, this is 10x the value of the company.
Also remember, Fox has a second case too that is yet to be adjudicated, combined they will go north of a billion almost surely. The dollars won’t put them out of business, but the problem they face now is they will likely be told by management that they can’t lie anymore. And when that happens and they can’t spoon feed their viewers what they want to hear instead of the truth, their ratings will plummet. OAN and others will pick up the slack. I am also curious as to whether they clean house now and dump the carnival barkers. But they will probably see if they can hold an audience for now.
Let's not forget Fox still has this problem. Fox News must face Smartmatic's lawsuit over election-rigging claims And clearly not as significant there is still this: Ex-producer escalates lawsuit, claiming Fox News lawyers deleted messages from her phone And this, too. Rupert Murdoch and Fox Corp. board members sued by investor over ‘stolen election claims’ My guess is that in the end these will also be settled by Fox
Yeah, the investor suit could be an issue. We are talking about 4-5% of their market cap is about to belong to the investors of Dominion. And that is before Smartmatic takes another chunk.
Should be interesting to see if Fox's troubles will deter OAN from pulling or continuing to pull similar stunts keeping in mind that it doesn't have anywhere remotely close to the assets of Fox.
A loud explosion was heard this afternoon at Mar-a-Lago. First responders were informed that it was just Donald Trump losing his temper over Fox's settlement and admission of lies.
As the writing about this suit has long been on the wall, if they were going to change they’d have done it. If anything, they’ve doubled down on peddling bs even as these major lawsuits have proceeded. But to avoid future trouble, they’ll probably have their lawyers be more responsive to cease and desist type letters. Basically, vague conspiracy vs. targeted defamation. Only one of those gets you in legal trouble.
