Wednesday, April 19, 2023

Rupert Wins Again

 https://www.politico.com/news/magazine/2023/04/18/rupert-murdoch-dominion-settlement-00092694

A hundred million here, a hundred million there, might crimp your finances. But in the Murdoch universe, paying such settlements is just the cost of doing business Murdoch-style. The alternative to settling with Dominion for telling a series of lies about voting fraud would have been a painful and long courtroom drama. A stream of ugly would have been on the Fox image, day after day, as Dominion made its case. Even after the case concluded and went to appeals, the Fox brand would have been further stigmatized, and shame and disparagement would have been leveled at Murdoch, Fox executives and Fox hosts Sean Hannity, Tucker Carlson, Maria Bartiromo, Laura Ingraham and Bret Baier, all of whom Dominion planned to put on the witness stand. Getting out from under all of that hurt for $787.5 million is a kind of bargain for a company with a market cap of $17.3 billion. Fox has $4.1 billion in cash and warrants on hand, says the New York Times.

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