Fox vs Dominion

[Seran]

Nothing burger cost almost 800 million dollars.. that’s an expensive nothing burger.

Also the discovery was great fun to watch. How did it feel to watching your hero’s rebuke everything they say on air in text messages amongst themselves?

Fucking right wing traitor scum bags around here can’t see past their own hubris and just admit.. yeah that was fucked up guys.. instead they brigade and come in to the thread to call everyone who doesn’t agree with them retards and shower us with what aboutisms and negative rep like it’s something people care about in the politics forum.

There's quite a bit of copium being huffed right now trying to spin that 800m payout to Dominion as an example of the benevolence of Fox News. As if they didn't spend the better part of a year trying to deny any wrongdoing or financial culpability.

[Parkbandit]

Fox News made what.. 14 billion dollars last year? 15?

800 million is nothing. They probably found that in the lounge couch.

[Seran]

Fox News made what.. 14 billion dollars last year? 15?

800 million is nothing. They probably found that in the lounge couch.

Their net profit was 1.2 billion and they've reported cash on hand of 4 billion. So.. however you want to spin that, $800 million is a significant chunk of their profit or cash on hand. Your attempting to downplay the significance of such a financial obligation is amusing.

[Parkbandit]

Their net profit was 1.2 billion and they've reported cash on hand of 4 billion. So.. however you want to spin that, $800 million is a significant chunk of their profit or cash on hand. Your attempting to downplay the significance of such a financial obligation is amusing.

Yea, if they only made 1.2 billion then it is significant for the year.

But in the grand scope of things, it's not much.

Hopefully, they learned a valuable lesson.

[Tgo01]

Fox is probably going to write most of the settlement off their taxes.

I know you far left idiots thought this was going to be the end of Fox News or something, but this really is nothing.

Your hero, the corrupt Dominion, folded like a cheap suit as soon as they saw a settlement on the horizon. They could have actually done some damage to Fox if they went ahead with their lawsuit and won and let the Democrat judge slap Fox News with a 1 trillion dollar judgement, that coupled with being found guilty in court might have done some actual damage. But not even Dominion was confident enough in their lies to convince a jury.

But Fox News will walk away owning basically nothing compared to what their company brings in, and they probably won't have to admit wrong doing or give some sort of apology or anything. This will all blow over in less than a week and Fox News will hardly even notice a difference a year from now.

[Seran]

Fox is probably going to write most of the settlement off their taxes.

I know you far left idiots thought this was going to be the end of Fox News or something, but this really is nothing.

Your hero, the corrupt Dominion, folded like a cheap suit as soon as they saw a settlement on the horizon. They could have actually done some damage to Fox if they went ahead with their lawsuit and won and let the Democrat judge slap Fox News with a 1 trillion dollar judgement, that coupled with being found guilty in court might have done some actual damage. But not even Dominion was confident enough in their lies to convince a jury.

But Fox News will walk away owning basically nothing compared to what their company brings in, and they probably won't have to admit wrong doing or give some sort of apology or anything. This will all blow over in less than a week and Fox News will hardly even notice a difference a year from now.

Why yes, settlement payments are considered an ordinary business expense, though again that is a massive loss to their net profit for the year. Keep smoking that copium though. As PB acknowledged, hopefully they learned a valuable lesson. Much as CNN, Washington Post and NBC learned from their own defamation suit settlements.

Again, I love that in your world a three quarters of a billion dollar settlement due to spreading Trump's lies is a win.

[Solkern]

Yea, if they only made 1.2 billion then it is significant for the year.

But in the grand scope of things, it's not much.

Hopefully, they learned a valuable lesson.

They still have another 2.7bln lawsuit coming up for the same exact shit, and from the reports, this company is not going to settle so easily.

I think what’s very significant is dominion is only worth like 50-80m or so.

[Tgo01]

Oh yeah, I forgot about insurance. Fox News probably has insurance against "slander" lawsuits, so between insurance and tax deductions they are probably going to end up paying very little compared to what their annual revenue is.

I don't know how you losers keep on losing yet you think you're winning, but keep it up. I love the entertainment.

[Solkern]

Oh yeah, I forgot about insurance. Fox News probably has insurance against "slander" lawsuits, so between insurance and tax deductions they are probably going to end up paying very little compared to what their annual revenue is.

I don't know how you losers keep on losing yet you think you're winning, but keep it up. I love the entertainment.

You really think there is an insurance that protects you when you slander or lie? Seriously?
Fox lost, and no matter how you want to spin it, doesn’t change the fact they had to settle, and lost 787mln dollars.

[beldannon5]

pretty sure something was wonky but I won't slander them lol