Lachlan Murdoch explains defamation settlement, says no changes at Fox News

NEW YORK — Fox News paid $787 million to settle a recent lawsuit on its reporting after the 2020 election to avoid a divisive trial and lengthy appeals process, its parent company’s chief executive said on Tuesday.

Fox... NEW YORK — Fox News paid $787 million to settle a recent lawsuit on its reporting after the 2020 election to avoid a divisive trial and lengthy appeals process, its parent company’s chief executive said on Tuesday. Fox Corp. FOX announced Tuesday that it had lost $50 million the previous three months, which it attributed to the lawsuit settlement. Murdoch, who answered questions from financial analysts, was speaking in public for the first time since the case ended and Fox fired its most popular anchor, Tucker Carlson.

That’s important, since Murdoch said Fox intends to use the same defense against a similar lawsuit by another elections technology company, Smartmatic. That case is not expected to go to trial until at least 2025, he said.

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Lachlan Murdoch explains settlement, says no change at FoxLachlan Murdoch says Fox paid $787 million to settle a lawsuit on its reporting to avoid a divisive trial and lengthy appeals process. The Fox Corp. chief executive also says a Delaware judge “severely limited” Fox's defenses against claims by Dominion Voting Systems, which he still believes in. Fox Corp. reported $50 million in losses last quarter, primarily because of the settlement. In a call with financial analysts, Murdoch said viewers and investors to expect no change in the network's programming strategy. He didn't mention the name of Tucker Carlson, Fox's most popular host, fired two weeks ago for reasons the company hasn't explained.
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