Dominion Voting Services has settled its defamation suit against Fox News for just short of half what the company was asking for, minutes before the trial was scheduled to begin today.
Fox News and Dominion Voting Systems reached a $787.5 million settlement agreement Tuesday afternoon, the parties announced, narrowly heading off a trial shortly after the jury was sworn in.
“Fox has admitted to telling lies,” John Poulos, Dominion CEO, said at a news conference after the trial ended.
"Money is accountability," said Stephen Shackelford Jr., the attorney scheduled to give opening statements for Dominion on Tuesday.
Fox News, in a statement, said it acknowledged "the court’s rulings finding certain claims about Dominion to be false."
"This settlement reflects Fox’s continued commitment to the highest journalistic standards,” the network said. “We are hopeful that our decision to resolve this dispute with Dominion amicably, instead of the acrimony of a divisive trial, allows the country to move forward from these issues.”
Some observations:
One, it's not over yet. Fox News still faces a similar defamation case from voting machine manufacturer Smartmatic over the same Big Lie claims for an even larger sum, $2.7 billion.
Two, we don't know the full terms of the settlement. It's entirely possible that Fox News personalities may have to say, publicly apologize. We'll see about that. You can bet Fox will drag their feet on that as long as they can and issue an apology at 4:30 AM on a Sunday.
Three, you can bet Fox will quietly raise cable TV fees on providers as it remains the second-most watched cable network behind only ESPN. Your cable bill is going to go up even if you never watch the network. Financially, this isn't going to hurt Rupert Murdoch one bit. Fox News is still a $16 billion company, and it'll make the settlement and more back off of American cable customers in the years ahead.
Four, Fox News will continue to lie about, gaslight and attack Democrats, liberals, Black, Latino and Asian folk, LGBTQ+ folk, Muslims, Jews, and pretty much everything else in the future. That won't change one bit.
So, we'll how how this shakes out, but yeah, both sides are going to claim victory here, and both sides are correct to do so.
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