Corp. and its cable networks agreed to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit over false claims that Dominion’s machines swayed the outcome of the 2020 presidential election. The settlement averted a weeks-long trial that could have seen top Fox TV hosts and network boss Rupert Murdoch publicly testify. Dominion CEO John Poulos told reporters outside court that the settlement was “historic.” “Fox has admitted to telling lies about Dominion that caused enormous damage to my company, our employees and the customers that we serve,” Poulus said, “Nothing can ever make up for that. Throughout this process we have sought accountability and believed the evidence brought to light through this case underscored the consequences of spreading lies. Truthful reporting in the media is essential to our democracy.”
At www.cnbc.com
