Tucker out at FoxNews
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Fox probably won’t pay anything near $787.5 million
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.
How much the lawsuit will actually end up costing Fox is unclear because there are ways it can defray some of the expense, primarily through insurance and the use of tax deductions.
Fox can deduct the Dominion settlement from its income taxes as an expense necessary for the cost of doing business. Fox Chief Communications Officer Brian Nick has confirmed the deductibility of the settlement.
Big companies often deduct large settlements to help offset some of the cost, but since settlement amounts are usually confidential, it’s difficult to pin down exactly how much they benefit. Payments that are seen as restitution or compensation can be deducted, while payments made to the government or at the direction of a government are usually not deductible.
Robert Willens, a tax professor at the Columbia University School of Business, estimates that after the tax write-off, Fox will incur about three-fourths of the settlement amount, about $590 million.
“The key is that if the payments are being made to private parties and not at the behest of the government then you can pretty much conclude without any fear of contradiction that the payment will be deductible,” he said.
A study by the Government Accountability Office in 2005 found that of 34 settlements totaling over $1 billion, 20 companies reported deducting some portion or all of their settlement payments. Big banks such as Bank of America and JPMorgan Chase reportedly also deducted portions of their settlements of charges tied the financial crisis of 2008.
Also, if Fox is insured, insurance is likely to cover some of the settlement. Chad Milton, a partner at Media Risk Consultants, said a large media company such as Fox could have anywhere between $100 million to $500 million in coverage, including media liability insurance and other types of insurance.
“It’s not hard to stack up $100 million but as you go higher than that, it gets harder and harder,” Milton said.
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Tucker Carlson might not have a show on Fox News any longer. However, he told 19FortyFive that he was not fired.
Until a week ago, Carlson had the most-watched show on cable news.
“I’m still employed by Fox,” Carlson said in a text message to 19FortyFive.
Carlson, however, did not go into detail why he believes his show was cancelled.
Vanity Fair published a rumor that his show got axed because Fox owner Rupert Murdoch was uncomfortable with the religiosity of his address at the Heritage Foundation’s 50th Anniversary gala.
Tucker Carlson told 19FortyFive that would be hard to prove.
This confirms the ideas championed by former Fox star Megyn Kelly, who was Carlson’s predecessor in the 8 p.m. timeslot. Kelly stated on her Sirius XM show that Fox CEO Suzanne Scott contacted him Monday morning and told him he would not be allowed to do any more shows.
“He was kicked out of his company email, and now he has to negotiate an exit,” Kelly said. “Some reporting to me suggested that it’s going to be an amicable parting … completely catching Tucker off-guard.
Kelly continued: “Tucker’s not fired. That’s my information, that he still needs to negotiate the exit and that right now he’s not free to launch a podcast or a digital show or to negotiate with other employers at all because he’s still under contract. They pulled his show off the air. They also fired his executive producer Justin Wells.”
She also noted that Fox would not tell him why his show was cancelled.
“To me that’s so disheartening. He’s been at the company for years. He had been in the prime time for seven years and saw Fox News through one of its most difficult times in its history,” Kelly said.
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Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@Jolly said in Tucker out at FoxNews:
the Murdochs wanted Tucker muzzled during the coming presidential race
That makes as much sense as anything. I don't think anything he said immediately before his...cancellation was any different from what he's been saying for years.
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Fox News is miscalculating in its "emotional" firing of Tucker Carlson, severing ties with an irreplaceable force in new-age populist conservativism, according to Victor Davis Hanson, a fellow at the Hoover Institute.
new-age populist conservatism
So that is what they’re calling it. Will have to remember that term. Sounds progressive and rolls off the tongue much more eloquently that pseudo-conservative or ersatz-conservatism.
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New-age? Jesus.
If wearing tweeds, blazers and loafers is new age, what the hell is old age?
Proud supporter of Plan 2525. Everything you think, do and say will be in the pill you took today.
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@Doctor-Phibes said in Tucker out at FoxNews:
New-age? Jesus.
If wearing tweeds, blazers and loafers is new age, what the hell is old age?
Something you are rapidly approaching..
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@Jolly said in Tucker out at FoxNews:
@Doctor-Phibes said in Tucker out at FoxNews:
New-age? Jesus.
If wearing tweeds, blazers and loafers is new age, what the hell is old age?
Something you are rapidly approaching..
Compared to most American politicians, I'm a baby.
Then again, you almost are too.
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The Murdochs' Ukraine connection
THE SCOOP
Fox News Executive Chairman Rupert Murdoch held a previously unreported call with Ukrainian President Volodymyr Zelenskyy this spring in which the two discussed the war and the anniversary of the deaths of Fox News journalists last March. The Ukrainian president had a similar conversation with Lachlan Murdoch on March 15, which Zelenskyy noted in a little-noticed aside during a national broadcast last month.
The conversations came weeks before the Murdochs fired their biggest star and most outspoken critic of American support for Ukraine, Tucker Carlson. Senior Ukrainian officials had made their objections to Carlson’s coverage known to Fox executives, but Zelenskyy did not raise it on the calls with the Murdochs, according to one person familiar with the details of the calls.
MAX'S VIEW
The Murdoch’s have not revealed which of Carlson’s many provocations triggered his firing, and there’s no particular suggestion that Zelenskyy — whom Carlson had called a “dictator” — delivered the final blow.
But Carlson’s firing will immediately relieve pressure on key Capitol Hill Ukraine supporters whom Carlson had criticized on air — and sometimes pressed behind the scenes to change their positions on the war.
Texas Rep. Michael McCaul has been one of the most outspoken Republican supporters of the US support for Ukraine, stepping out of line to occasionally reprimand figures in his own party who do not share his views on the subject.
In a segment last year, the Fox News host told viewers that the Republican chairman of the House Foreign Affairs Committee had privately called his show “Russian disinformation.”
“In other words, not only are we wrong — which is fine — we are disloyal Americans. We’re doing the bidding of a foreign power,” Carlson said. “That is not fine, that is slander.”
According to two people familiar with the conversation, the then-Fox News host also made his displeasure to McCaul known in a tense private conversation in which Carlson criticized the congressman’s comments, describing the congressman as having a low IQ. (Both Carlson and McCaul’s office declined to discuss the conversation).
The populist Republican right remains hostile to the war effort and at times openly sympathetic to Russia. But none of Fox’s other top figures seem to share Carlson’s zeal.
"Clearly, he spooked a lot of members into not being fully supportive of Ukraine," a senior Republican congressional aide told Semafor. Carlson's ouster, the aide added, "probably reduces the loudest voice out there against U.S. support."
Regardless of the reason for Carlson’s departure, more moderate pro-Ukraine members of the Republican caucus on the Hill are not hiding their relief.
“There have been some that have argued that he was setting foreign policy for the Republican Party, which I find to be bizarre. Certainly not for me,” Sen. Mitt Romney told the Hill. “To the primary [Republican] voter, the active participant, the grassroot voter, he’s a person they listen to and has a big influence.”
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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I don't think that firing him because of his statements regarding Ukraine would be a bad thing at all.
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In a segment last year, the Fox News host told viewers that the Republican chairman of the House Foreign Affairs Committee had privately called his show “Russian disinformation.”
“In other words, not only are we wrong — which is fine — we are disloyal Americans. We’re doing the bidding of a foreign power,” Carlson said. “That is not fine, that is slander.”
He’s wrong. For something to be slander it has to be false.
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Rogan: "If I were in charge of Fox News, I'd make sure that we have him locked up with NDA's non-competes...etc."
4:40
Link to video -
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Well that would be stupid of him.
If Dominion got $770B from FOX without any actual clips of FOX actually saying Dominion did anything, then Newsmax (who actually did slander Dominion and reported the allegations as fact) is about to go bankrupt.
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$100,000,000
Link to videoAlways remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@Jolly Over 5 years. That’s the same as he makes at Fox.
