For now, the price tag attached to the Dominion case isn’t the worst Fox chairman Rupert Murdoch has had to stomach.
Fox News will pay more than $787 million to Dominion Voting Systems after the two sides reached a last-minute settlement Tuesday in the explosive defamation case tied to the news network’s lies about the 2020 US election. It is the largest publicly known defamation settlement involving a media company in US history.
Murdoch agreed to donate £1 million to charities of their choice. The Press Gazette also included in its tally more than £300 million in costs tied to the closure of the News of the World and the breakup fee for Murdoch’s attempted takeover of British broadcaster BSkyB, which was dropped in 2011 as negative coverage ballooned.
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