“The Truth Comes with a Price Tag: Fox News Pays $787.5 Million for Spreading A False Narrative”

“The Truth Comes with a Price Tag: Fox News Pays $787.5 Million for Spreading A False Narrative”

Fox News and Dominion, the election technology corporation at the centre of a conspiracy theory promoted by the conservative network, have reached a settlement over their $1.6bn defamation battle. The terms of the deal were not disclosed, but the broadcaster has since released three statements, including one acknowledging that it had no evidence to back up claims that Dominion had fraudulently altered the outcome of the 2020 presidential election.

“This was a very important step,” said Dominion’s founder, John Poulos. “We continue to pursue our other avenues of recourse.”

Dominion had filed two separate lawsuits against Fox News, seeking damages for the network’s role in spreading false claims that the company was involved in rigging the election against former US president Donald Trump. The lawsuits claimed that the network had peddled false reports in order to boost its own ratings and appease its audience.

The lawsuits, which were filed in the aftermath of the election, accused Fox News of engaging in a “concerted disinformation campaign” to falsely portray Dominion as part of a larger conspiracy to steal the election from Trump.

The settlement is seen as an important victory for Dominion, which has sought to hold Fox News and other media outlets accountable for spreading false information about its business practices. The company’s employees have faced death threats and harassment as a result of the fabricated claims, and the settlement is likely to act as a deterrent for other media outlets seeking to spread similar false reports.

Fox News, meanwhile, is likely to face additional litigation over its role in spreading the claims. While the network has now admitted that it had no evidence to support the allegations, it is still facing lawsuits from other election technology companies, as well as from individuals who claim they were defamed by Fox News’ coverage.

Key Takeaway:
– Fox News and Dominion, the election technology corporation, have reached a settlement over their $1.6bn defamation battle.
– Dominion had filed two separate lawsuits against Fox News for spreading false claims that the company was involved in rigging the election against former US President Donald Trump.
– The settlement is seen as an important victory for Dominion, which has sought to hold Fox News and other media outlets accountable for spreading false information about its business practices.
– Fox News is likely to face additional litigation over its role in spreading the claims.

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