In a legal settlement, Fox News agreed to pay Dominion Voting Systems $787.5 million after a lawsuit. Dominion accused Fox of spreading false claims about their voting systems during the 2020 election. This settlement reflects a significant financial consequence for Fox and highlights the potential consequences for spreading false information in the media.
1. Lawyers represented Dominion Voting Systems.
2. Dominion Voting Systems settled with FOX.
3. The settlement amount is $787,500,000.
4. FOX issued a statement on the settlement.
5. FOX acknowledged the court's rulings found certain claims about Dominion to be false.
6. Dominion values its entire company between $30 million and $80 million.
7. The settlement is 10 times the value of Dominion as an entire company.
8. Dominion is owned by a private equity firm.
9. Dominion faced reputational damage due to lies that were confirmed by a judge.
10. There are restraints and standards in place regarding the First Amendment, including against defamation.