Go Magat, Go Broke

[jon-nyc]

@George-K

Cool.

[jon-nyc]

@George-K said in Go Magat, Go Broke:

$787.5 Million.

Fear not Tucker can probably cover it.

“How much is $787.5 million for Fox? A recent corporate filing showed that the Fox Corporation had about $4.1 billion “of cash and cash equivalents” on hand at the end of last year.”

So they won’t go broke, but no matter how much money you have you don’t want to give away a fifth of it.

[George K]

A Twitter Lawyer:

"The judge had ruled the statements made by Fox were false, meaning the jury would be told that several elements of defamation had been determined, leaving the fight over malice and money. Hence the 11th hour settlement."

[George K]

CNN has the sads that a settlement was reached.

"Chump change."

Who you gonna believe, CNN or @jon-nyc ?

[Mik]

[jon-nyc]

I see that with many on social media. They wanted to humiliate Fox more than compensate Dominion. I’m sure Dominion got more or less what they wanted here.

[Mik]

Well, Fox really, really, really did not want to go to trial.

[George K]

@Mik said in Go Magat, Go Broke:

Well, Fox really, really, really did not want to go to trial.

And have Hannity, et al testify? Of course not!

[jon-nyc]

This settlement is second only to the Alex Jones verdict in size for libel.

The difference is, Jones will never pay the full 965MM as he doesn’t have it.

That sort of makes this #1.

[Jolly]

And two weeks from now, the public will go "What?" .

[Axtremus]

Smartmatic is next?

https://www.reuters.com/legal/fox-resolves-dominion-case-bigger-election-defamation-lawsuit-looms-2023-04-19/

[taiwan_girl]

It will be intersesting if Fox News personalities (and other news shows) change their talking during the next elections.

[George K]

@taiwan_girl said in Go Magat, Go Broke:

It will be intersesting if Fox News personalities (and other news shows) change their talking during the next elections.

Nah.

I'm still waiting for Rachel Maddow to apologize and for the New York Times to return the Pulitzer.

[jon-nyc]

@taiwan_girl said in Go Magat, Go Broke:

It will be intersesting if Fox News personalities (and other news shows) change their talking during the next elections.

They already did. Note they did not amplify the desperate claims of the maga losers in November.

[jon-nyc]

Newsmax and OANN each have Dominion suits too.

Same judge.

[LuFins Dad]

@jon-nyc said in Go Magat, Go Broke:

Newsmax and OANN each have Dominion suits too.

Same judge.

Those could and should bankrupt both groups and I have no problem with that.

I still haven’t seen any reporting re: Fox that shows they actually slandered Dominion. Only that they reported in the President’s claims.

[George K]

@jon-nyc said in Go Magat, Go Broke:

Same judge.

One commentator (Dersh?) said that the judge saying that Fox's statements were false before the trial would be legit grounds for an appeal.

Of course, an appeal would happen after a trial, and presumed loss by Fox.

They didn't want the trial.

[jon-nyc]

@LuFins-Dad

What news channel do you watch at home?

[Doctor Phibes]

I've been repeatedly told that Fox News is a quality news organization, and that I only think otherwise because I'm a snobby bastard.

Well, fuck me sideways, I was right all along.

[George K]

@Doctor-Phibes said in Go Magat, Go Broke:

I'm a snobby bastard.
Well, fuck me sideways, I was right all along.

QFT....