Dominion Voting sues Fox, OAN and Newsmax for $1.6B each over 2020 election claims.

Page 17 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

HomerJS

Lifer
Feb 6, 2002
36,277
28,136
136
Not really true if you are a long time investor; Fox has changed a lot since Trump's rise to power. While right leaning; they used to be a pretty decent news station; but most of the quality personal have either been fired (for sticking to the facts) or left in disgust and now you have a propaganda station.
I don't consider their promotion of bitherism an example of being a decent news station.
 

Dave_5k

Golden Member
May 23, 2017
1,650
3,200
136
A settlement here would be a really bad thing for the world as a whole. It'll never be as damaging to FOX as a full trial with a guilty verdict.
Just going through discovery has been devastating to Fox, except for their actual viewers - who will never, ever see a single excerpt on how they were systematically brainwashed and incited to violence by deliberate lies on Fox. Even the most extremely negative trial still won't reach most of this ~35% of the country - unless it is punctuated by Murdoch and Carlson fleeing in a white Ford Bronco in a slow highway police chase... and even then it will be the fault of them liberals, not anything bad Fox did.
 

Pens1566

Lifer
Oct 11, 2005
11,802
8,363
136
Just going through discovery has been devastating to Fox, except for their actual viewers - who will never, ever see a single excerpt on how they were systematically brainwashed and incited to violence by deliberate lies on Fox. Even the most extremely negative trial still won't reach most of this ~35% of the country - unless it is punctuated by Murdoch and Carlson fleeing in a white Ford Bronco in a slow highway police chase... and even then it will be the fault of them liberals, not anything bad Fox did.

Which has already happened. But between a settlement and a trial w/guilty verdict the latter would be orders of magnitude worse for them.

I agree, maybe none of it matters to their viewers. But the "real world" consequences will be different. Just the extended litigation of the guaranteed FOX appeal ...
 
Reactions: dank69

you2

Diamond Member
Apr 2, 2002
5,758
980
126
I really hope they don’t settle, I want to see them all testify. Dems could use the footage or quotes in ads for 24.
I really wish this wasn't a D. VS R. thing; what Fox (and Trump) have done is just plain wrong regardless of party.
 

amenx

Diamond Member
Dec 17, 2004
4,005
2,275
136
Dominion is a small company worth about $100 mil. Pretty sure lawyers can effectively argue damages can never come close to the $1.6 bil they are seeking. So will be interesting to see how it will turn out.
 

fskimospy

Elite Member
Mar 10, 2006
84,726
49,320
136
Dominion is a small company worth about $100 mil. Pretty sure lawyers can effectively argue damages can never come close to the $1.6 bil they are seeking. So will be interesting to see how it will turn out.
Possible but also they were growing rapidly before this.

Also, maybe more importantly this is only round one. The smartmatic suit is next and those lies were even more egregious, and smartmatic is worth a LOT more. They could genuinely bankrupt Fox.
 
Reactions: Indus

VRAMdemon

Diamond Member
Aug 16, 2012
6,572
7,823
136
The way I see it, the point of the lawsuit is that Fox’s dishonesty damaged Dominion’s business. Early on, Dominion made a statement along the lines of, we are not interested in a settlement where Fox writes us a check and doesn’t accept responsibility, which is the usual case when parties settle. "Neither party admits fault or will comment further.” That sort of thing.

Obviously, if Fox is coming with a gigantic financial offer, Dominion will consider it. But if part of the deal is that Fox gets to say “we do not admit that we knowingly gave a platform to defamatory content,” then those allegations continue to persist without retraction, and the financial settlement would need to be unprecedentedly huge for Dominion to accept it.

I'm assuming Dominion wants Fox to say, loudly and publicly, “it was all made up; none of it has a basis in truth; they were lies when they were first spoken, they continued to be lies when we repeated, and platformed them and they continue to be lies now; and we will make sure our audience knows this.” Fox doesn’t want to do that, which is why proceedings are still moving forward. The fact that Dominion agreed to a slight delay to listen to the offer doesn’t mean their position has changed. It could be an opportunity for them to restate their expected terms. It could also be a matter of strategy — the size of the offer tells Dominion how worried Fox is about the outcome, which is useful information even if there’s no plan to accept.
 

NWRMidnight

Platinum Member
Jun 18, 2001
2,967
2,574
136
Dominion is a small company worth about $100 mil. Pretty sure lawyers can effectively argue damages can never come close to the $1.6 bil they are seeking. So will be interesting to see how it will turn out.
Estimated worth (value) and long term lost revenue are not the same thing. Profit/earnings is one of the components that determines worth, which has been severely damaged by Fox's claims, as well as Dominion's reputation, which drives down it's worth/value, It will take substantial time, money, to recover if they are able to at all. Supposably Dominion earns about $17 Million per year, but that doesn't add up since they took in over $120 Million from 2017-2019 from elections in those 3 years alone. They also have to cover costs associated with the lawsuits which may or may not be part of the $1.6 billion they are asking. As well as Fox needs to pay a price beyond just what Dominion lost from such lies. Time will tell.
 

you2

Diamond Member
Apr 2, 2002
5,758
980
126
Estimated worth (value) and long term lost revenue are not the same thing. Profit/earnings is one of the components that determines worth, which has been severely damaged by Fox's claims, as well as Dominion's reputation, which drives down it's worth/value, It will take substantial time, money, to recover if they are able to at all. Supposably Dominion earns about $17 Million per year, but that doesn't add up since they took in over $120 Million from 2017-2019 from elections in those 3 years alone. They also have to cover costs associated with the lawsuits which may or may not be part of the $1.6 billion they are asking. As well as Fox needs to pay a price beyond just what Dominion lost from such lies. Time will tell.
Don't confuse earnings with revenue.
 

zinfamous

No Lifer
Jul 12, 2006
110,804
29,555
146
Don't confuse earnings with revenue.

the point is that lawsuits like this work towards future value.

Some company poisons the water and kills a young mother or father, just starting their career, and lawsuits against the defendant don't start at "what that person earned that year that they died."

They are aimed at the lifetime of wealth and support that you expect that person to have provided for their family, and that's generally what the family is going to get.
 
Reactions: hal2kilo

HomerJS

Lifer
Feb 6, 2002
36,277
28,136
136

How the F are they trusted the most out of that list???
Interesting poll on trust in the media. Don'r know why Newsmax is so high. Didn't people remember Newsmax had to settle with Dominion for the same Fox problem.
 

amenx

Diamond Member
Dec 17, 2004
4,005
2,275
136
Interesting poll on trust in the media. Don'r know why Newsmax is so high. Didn't people remember Newsmax had to settle with Dominion for the same Fox problem.
The polls follow the same numbers who voted for Trump in last couple elections. Where any news that doesnt conform to their views or biases is 'fake news'. Dont know why anyone is surprised.
 
sale-70-410-exam    | Exam-200-125-pdf    | we-sale-70-410-exam    | hot-sale-70-410-exam    | Latest-exam-700-603-Dumps    | Dumps-98-363-exams-date    | Certs-200-125-date    | Dumps-300-075-exams-date    | hot-sale-book-C8010-726-book    | Hot-Sale-200-310-Exam    | Exam-Description-200-310-dumps?    | hot-sale-book-200-125-book    | Latest-Updated-300-209-Exam    | Dumps-210-260-exams-date    | Download-200-125-Exam-PDF    | Exam-Description-300-101-dumps    | Certs-300-101-date    | Hot-Sale-300-075-Exam    | Latest-exam-200-125-Dumps    | Exam-Description-200-125-dumps    | Latest-Updated-300-075-Exam    | hot-sale-book-210-260-book    | Dumps-200-901-exams-date    | Certs-200-901-date    | Latest-exam-1Z0-062-Dumps    | Hot-Sale-1Z0-062-Exam    | Certs-CSSLP-date    | 100%-Pass-70-383-Exams    | Latest-JN0-360-real-exam-questions    | 100%-Pass-4A0-100-Real-Exam-Questions    | Dumps-300-135-exams-date    | Passed-200-105-Tech-Exams    | Latest-Updated-200-310-Exam    | Download-300-070-Exam-PDF    | Hot-Sale-JN0-360-Exam    | 100%-Pass-JN0-360-Exams    | 100%-Pass-JN0-360-Real-Exam-Questions    | Dumps-JN0-360-exams-date    | Exam-Description-1Z0-876-dumps    | Latest-exam-1Z0-876-Dumps    | Dumps-HPE0-Y53-exams-date    | 2017-Latest-HPE0-Y53-Exam    | 100%-Pass-HPE0-Y53-Real-Exam-Questions    | Pass-4A0-100-Exam    | Latest-4A0-100-Questions    | Dumps-98-365-exams-date    | 2017-Latest-98-365-Exam    | 100%-Pass-VCS-254-Exams    | 2017-Latest-VCS-273-Exam    | Dumps-200-355-exams-date    | 2017-Latest-300-320-Exam    | Pass-300-101-Exam    | 100%-Pass-300-115-Exams    |
http://www.portvapes.co.uk/    | http://www.portvapes.co.uk/    |