In his annual appearance at the black-tie White House Correspondents' Association dinner, the one night a year that a president is expected to play a stand-up comic
Fox News agreed Wednesday to hand over thousands of documents to voting machine company Smartmatic, which is suing the network for defamation in a case similar to Dominion Voting Machines' just-settled lawsuit. Smartmatic says Fox bears financial responsibility for airing false allegations that the company rigged the 2020 presidential election against former President Donald Trump. Last week, Fox agreed to pay Dominion nearly $800 million to avert a trial, although the ultimate cost to the media company is likely to be much lower. Smartmatic wants a $2.7 billion judgment, which far exceeds the $1.6 billion Dominion sought in its suit. No date has been set, and the case might not go to court for a couple of years. Smartmatic said in court filings that Fox slow-rolled its production of transcripts and other material that were created during the Dominion suit, and that Smartmatic had received just a small fraction of the more than 52,000 documents it requested as part of the discovery
The network made the announcement less than a week after it agreed to pay $787.5 million in a defamation lawsuit in which Carlson's show
Fox Corp.'s USD 787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower. On Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against former President Donald Trump in 2020. It was the most-watched media libel case in decades. Fox had about USD 4 billion of cash on hand as of December 2022, and MoffettNathanson analyst Robert Fishman expects the company to pay the settlement during the current quarter. How much the lawsuit will actually end up costing Fox is unclear because there are ways it can defray some of the expense, primarily through insurance and the use of tax deductions. Fox can deduct the Dominion settlement from its income taxes as an expense necessary for the cost of doing business. Fox Chief Communications Officer Brian Nick has confirmed the deductibility of the settlement. Big companies
Fox Corp.'s hefty $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower. On Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against former President Donald Trump in 2020. It was the most-watched media libel case in decades. Fox had about $4 billion of cash on hand as of December 2022, and MoffettNathanson analyst Robert Fishman expects the company to pay the settlement during the current quarter. How much the lawsuit will actually end up costing Fox is unclear because there are ways it can defray some of the expense, primarily through insurance and the use of tax deductions. Fox can deduct the Dominion settlement from its income taxes as an expense necessary for the cost of doing business. Fox Chief Communications Officer Brian Nick has confirmed the deductibility of the settlement. Big companie
Dominion Voting Systems Inc. secured a $787.5 million settlement from Fox News for airing false election-fraud claims, but it still has several similar defamation suits against other companies
Fox declined to say whether insurance would help offset the payment
"Truthful reporting in the media is essential to our democracy," Poulos said.
US media giant Fox News will pay $787.5 million to settle a defamation case with Dominion Voting Systems, a voting technology company
The trial in Delaware state court, which is to last six weeks, got back underway Tuesday as 12 jurors and 12 alternates were selected after two days in an unusual anonymous process
Jury selection in the Delaware state court starts Thursday, and a verdict could be costly
The move was widely seen as a way for Lachlan Murdoch to cement his control over the family media empire.
Rupert Murdoch is exploring options to recombine his Fox Corp. and News Corp. businesses, putting back together a media empire that he split in 2013
Fox plans to avoid coverage of Qatar's controversial treatment of migrant workers during World Cup broadcasts, much as it didn't address criticism of Russia's government during the 2018 tournament. "Our stance is if it affects what happens on the field of play, we will cover it and cover it fully," David Neal, executive producer of Fox's World Cup coverage, said Thursday. "But if it does not, if it is ancillary to the story of the tournament, there are plenty of other entities and outlets out there that are going to cover that. We firmly believe the viewers come to us to see what happens on the field, on the pitch." Neal spoke at an event to debut images of the network's set in Doha made of LED screens, the hub of its coverage of a tournament that runs from Nov. 20 to Dec. 18. "This set, in typical subtle Fox fashion," he said, "I think it will be visible from Mars." Qatar has been criticized over its treatment of the workers who built the World Cup venues. Paris' city government
Fox News' Peter Doocy asked Biden about inflation, which is at a nearly 40-year high and has hurt the president's public approval
Trump will be briefed on US Covid-19 vaccine efforts later on Tuesday, White House said
Since the sale of the bulk of Murdoch's 21st Century Fox assets to Disney (of which James was chief executive), there is no future role for him in the corporation
No journalist has been able to question the prime minister on the handling of the national lockdown, the nature of the revival package, the China incursions, the future of jobs and economy
White House trade adviser Peter Navarro gave Asian markets a scare on Monday night by telling Fox News Channel that the U.S.-China trade deal was "over"
The apology followed a sharp backlash to the Special Report with Bret Baier segment