Fox likely to see limited business fallout from a settlement that could remake Dominion

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Fox Corporation’s $787.5 million settlement with Dominion Voting Systems is a landmark payout in a case that stirred debate over issues like free speech and democracy. But for the two companies involved, the agreement means vastly different things.

Wednesday that whatever remains of the $787.5 million after legal fees and corporate taxes would be distributed to shareholders, including Staple Street, as well as management and employees.

In theory, Dominion could use funds from the settlement to overhaul the voting infrastructure it operates. The Brennan Center for Justice, a nonpartisan law and policy institute, Since the settlement helped the company avoid a lengthy trial and on-air apologies, Fox News didn’t face the sort of public advertiser boycott that it has in the past.

Check My Ads co-founder Nandini Jammi said Wednesday that the cable network’s bottom line likely hinges more on its ability to recoup carriage fees than on certain brands’ decisions over whether to run ads on certain Fox shows. Carriage fees are the rates cable providers such as Comcast and Verizon pay to TV networks to be able to offer them to subscribers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's a tax deduction for them

I heard the guy from Ukraine say America was evil and Biden look at him and nobody said a word not even the media not one word, that scary. With legalizing homosexuality there can't be but one reason, that's for those who carry a gun to accept the bankruptcy of our dollar. Dig

They still in business wow I'm sure they be bankrupt soon.

Q: How many Republicans does it take to change a lightbulb? A: None. They're afraid of change- even if it makes the world a brighter place.

That’s so minimal.

Wait! Hold the press! Why do they call them JuneBugs when they show up in April? What has this have to do with what is really true, and what is wrong? Nothing.

NBC must be relieved that they've never engaged in misinformation, Lol....

Fox just opened the door for more lawsuits due to its lies and incitement of violence.

Fox can get a tax deduction from that settlement to my understanding

It’s also a complete tax right off. So not only did they not apologize,it didn’t cost them anything

it’s funny how these articles only mention fox and what was found on them and never mention the evidence that was found on the dominion side during discovery

And it means something very different for the American public as well. It's a ray of hope & accountability for what was done to our country. This is just the beginning of that accountability.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in CA

Canada Canada Latest News, Canada Canada Headlines