A theater in downtown Mesa is celebrating a major milestone. FOX 10's Irene Snyder reports.
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Fox's settlement with Dominion unlikely to cost it $787.5MFox 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. Fox has several levers it can pull to help defray the cost of the settlement. It can deduct the settlement from its income taxes as a cost of doing business, something Fox has indicated it plans to do. Also, insurance is likely to cover some of the settlement. Fox has also said it doesn’t expect the settlement to affect its operations.
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Fox's settlement with Dominion unlikely to cost it $787.5MFox Corp.'s $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. 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.
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