What Dominion's lawsuit could mean for Fox and its cable TV networks
Publishing timestamp: 2023-04-13 11:00:02
Summary
Dominion Voting System's defamation lawsuit against Fox Corp. and its cable TV networks will go to trial on Monday. The biggest consequence to the company will likely be financial, as viewership and advertising remain steady. The outcome of the case is uncertain, with neither side showing interest in settling. The trial will begin on Monday, with potential damages to Dominion upwards of $1.6 billion. Fox has denied the claims made by Dominion and argued that they are protected by the First Amendment. The case has revealed internal skepticism at Fox about election-fraud claims made on air. Despite the lawsuit, Fox News' ratings have remained stable, and advertisers have not pulled out. The financial impact on Fox is unlikely to be disastrous in the near term.
Sentiment: MIXED
Tickers: FOXA,
Keywords: fox corp, laws, business news, business, lawsuits, politics, media,
Source: https://www.cnbc.com/2023/04/13/fox-dominion-lawsuit-what-it-means-for-the-network.html