Well it looks like Fox decided to give in, they saw the writing on the wall, settled for 787 million.
Yep. Fox caved.
How much is $787 million to Fox? We can understand it this way.
There is 1,000 million in 1 billion.
At the end of last year, Fox had about $4.1 billion cash on hand.
Bringing it down to more understandable numbers, if you have $4,100 cash on hand and offer to settle your court case by paying $787, you are left with $3,313.
While you're left in reasonably good shape with $3,313 cash on hand, paying out $787 or 19.2% of what you had before will sting. And admitting the reason you had to pay this money to the victim of a crime you committed (defamation) also hurts.
Already, at least one Fox shareholder is suing Fox . He claims that by broadcasting lies in a way that defamed Dominion, and thereby opened Fox to that liability, which in turn harmed shareholders, How do we know shareholders were harmed. The $787 million payout makes that clear. I have no idea how that suit will turn out, but it's an example of what the Dominion lawyer said: "Lies have consequences."
I'm sure we'll hear more about the settlement terms. I'm interested to see what kind of admissions and retractions, if any, Fox will be required to broadcast as part of the settlement.
It was amusing to see the photo of the Dominion people all smiles as they walked out of court. Fox defamed Dominion and was held accountable for doing so.
What's next for Dominion? The cases they are also pursuing just got a lot stronger because the Fox case settled.
"Dominion may have settled this suit, but its legal pursuits are far from over. The company still has defamation suits related to allegations of election fraud pending against Fox competitors Newsmax and OAN, as well as against the MyPillow chief executive Mike Lindell, Overstock.com founder Patrick Byrne, and against Rudy Giuliani and Sidney Powell, both former lawyers for Donald J. Trump." (
Source)