Fox News Agrees to Pay Dominion Voting Systems $787.5 Million at Last Minute to Avoid TrialChris Menahan
Apr. 18, 2023
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Fox Corp agreed to pay Dominion Voting Systems over $787 million on Tuesday to settle a defamation lawsuit over claims Dominion's voting machines fixed the 2020 presidential election.
The case reportedly marks the largest media settlement in history.
From CNBC, "Fox to pay Dominion Voting Systems $787.5 million to settle election defamation lawsuit":
The settlement, which came after a 12-member jury had been seated in the case in Delaware Superior Court, averted a weekslong trial that could have seen top Fox TV hosts and network boss Rupert Murdoch publicly testify."The deal is a significant amount of money even for a company the size of Fox," the AP reports. "It represents about one-quarter of the $2.96 billion the company reported earning last year before interest, taxes, depreciation and amortization -- a figure often used to approximate a company's cash flow."
"By its own estimation, Dominion valued the entire company at somewhere between $30 and $80 million," Elie Honig, former assistant US attorney for the Southern District of New York, told CNN on Tuesday. "This settlement is 10 times the value of Dominion as an entire company."
Fox's settlement follows the recent Alex Jones Sandy Hook trial in which Jones was comically ordered to pay over $1.4 billion in damages for calling the shooting a "hoax."
The price of free speech in the New America™ is going up with every passing year.
[Header image of Rupert Murdoch by the World Economic Forum, CC BY-NC-SA 2.0]
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