Fox faces an 'existential threat' from its multibillion-dollar defamation cases | CNN Business

“It is not red or blue; it is green,” he told lawyers in a deposition made public Monday. But spreading falsehoods about the 2020 presidential election for the money may prove extremely costly for Fox. The network faces two separate defamation lawsuits from voting technology companies that collectively seek $4.3 billion in damages. Fox Corporation, the right-wing news outlet’s owner, has an estimated $4 billion in cash on hand, according to its latest earnings statement.

6 billion, accusing the network of spreading false claims that its technology enabled election fraud. A trial is set for April. A separate, similar case brought by voting technology firm Smartmatic is seeking $2.7 billion in damages. Media companies typically have insurance that would cover defamation payouts, though details of Fox’s coverage aren’t known.

Fox is not covering its lies. Don't want their views to see that.

Fox could hire Sydney Powell to defend them LOL

The last time Fox had to defend itself, it won by convincing a jury it was not to be taken seriously. Fox is not even reporting on this.

Yet they remain on air. Other news networks have removed anchors when their reporting is not factual.

hello, is time that Fox&Fake need to be hold accountable for what lies the host of those programs was saying, and they where lying the hold time because they were with 45clown🤡 in together saying fake propaganda to lie to the public! the government needs to investigate!🤥🔒🤡🫵

Nobody could possibly hack Dominion software. It’s state of the art, absolutely bulletproof….banks, government agencies, massive tech and corporations SURE but not a chance with Dominion 🤪🤡

1) The suit is in no way an 'existential threat' to Fox News. If Dominion wins, they probably wouldn't get that much, and if they did, Fox could easily cover it. 2) The latest tranche of discovery released doesn't specifically mention Dominion and so doesn't go to defamation.

Is fox covering their own news?

It should also give DOJ reason to look into whether Fox coordinated with foreign enemies or if they were unattributable proxies, like our intelligence community concluded?

Wray just admitted as well the virus is from a lab and we know he's diverting FBI to j6 despite rise in violent crimes and you guys are reporting this?

Doubt that

🥱

🧵1/2 When damages get into the billions, with a B, that can be an existential threat to a journalistic organization even one as lucrative as as Fox, said Lyrissa Lidsky, a constitutional law professor at the University of Florida.Defamation is notoriously difficult to prove in

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