Depends on how much Fox has to pay out of pocket and how much is covered by their insurance.
Depends on how much Fox has to pay out of pocket and how much is covered by their insurance.why not the full amount>>??
They should be able to write off the full amount - which at 21% federal tax rate will only save them ~$160m in federal taxes (thanks to Trump for the massive corporate tax rate cut and explosion in debt) - but as they are headquartered in New York, probably save another ~7% or ~$50m in state/city tax reductions.why not the full amount>>??
They should be able to write off the full amount - which at 21% federal tax rate will only save them ~$160m in federal taxes (thanks to Trump for the massive corporate tax rate cut and explosion in debt) - but as they are headquartered in New York, probably save another ~7% or ~$50m in state/city tax reductions.
On the other hand, Dominion will be liable for taxes on the settlement - so the federal government should break even at the end of the day, and Dominion "only" nets ~$500-600 million after tax.
(edit: not certain if Fox has business insurance that might cover this settlement partially or fully - some have speculated they might have as much as $100-$500 million in insurance for media liability). To the extent insurance pays, Fox doesn't get a tax deduction on that portion.
They are a bit larger company than Dominion. Plus their business is international and covers many countries, even if it was just the U.S. in 2020. So I think they do have a solid claim that FOX may have impaired their reputation on a global basis (having greater business potential) than Dominion.So going forward, there remains the Smartmatic suit. That one should be interesting.
Since Smarmatic's machines were only used in one county in the country for the 2020 national election, I am presuming them to be a smaller company than Dominion, with a smaller market share. Which means their compensatory damages claims won't be so good, because it's based on lost expected profit, and that's going to be determined by past performance.
That sounds bad, but maybe not. The case is really about punitive damages, which could cripple Murdoch if high enough, or at very least it's about exposure. But I think Murdoch might look at their small compensatory damages and try to cheap out on them, offering them a fraction of what they gave Dominion. Which will only increase the likelihood of the matter going to trial. I really hope that one goes to trial.
The headache of that trial is timing. I'm more interesting to see the additional material that Abby Grossberg releases on both Fox wrong doing and how far the Republicans were willing to go to knowingly throw the election. The one on Ted Cruz was rather interesting. Of course Cruz tried to spin it but as always put his foot further up his rump.So going forward, there remains the Smartmatic suit. That one should be interesting.
Since Smarmatic's machines were only used in one county in the country for the 2020 national election, I am presuming them to be a smaller company than Dominion, with a smaller market share. Which means their compensatory damages claims won't be so good, because it's based on lost expected profit, and that's going to be determined by past performance.
That sounds bad, but maybe not. The case is really about punitive damages, which could cripple Murdoch if high enough, or at very least it's about exposure. But I think Murdoch might look at their small compensatory damages and try to cheap out on them, offering them a fraction of what they gave Dominion. Which will only increase the likelihood of the matter going to trial. I really hope that one goes to trial.
The headache of that trial is timing. I'm more interesting to see the additional material that Abby Grossberg releases on both Fox wrong doing and how far the Republicans were willing to go to knowingly throw the election. The one on Ted Cruz was rather interesting. Of course Cruz tried to spin it but as always put his foot further up his rump.
Unless the lawyers can convince 1 juror, "We dumped Carlson so everything's cool"Was watching the interview of Abby Grossberg yesterday on MSNBC. She has been subpoenaed by Smartmatic as well. She said she has recordings from cell phones that FOX did not turn over during discovery of Dominion case. And that she is going to provide them in the Smartmatic case.
I expect the outcome will be worse for FOX than the last one.
Unless the lawyers can convince 1 juror, "We dumped Carlson so everything's cool"
Pettiness at Fox?Well this is petty - it seems one reason for Carlson firing was bad-mouthing senior management in private:
Tucker Carlson’s disparaging comments about Fox leaders led to his ouster: report
Tucker Carlson, the leading prime-time host who was ousted from his job this week, was shown the door at the cable news giant in part because of comments he made in private about his Fox News colleagues and bosses, according to a new report from The Wall Street Journal. Carlson’s private text...news.yahoo.com
Unless the lawyers can convince 1 juror, "We dumped Carlson so everything's cool"
In this case, the Smartmatic suit is in New York, which requires "not less than five-sixths of the jurors" for a verdictCivil juries do not need to be unanimous.
Well this is petty - it seems one reason for Carlson firing was bad-mouthing senior management in private:
Tucker Carlson’s disparaging comments about Fox leaders led to his ouster: report
Tucker Carlson, the leading prime-time host who was ousted from his job this week, was shown the door at the cable news giant in part because of comments he made in private about his Fox News colleagues and bosses, according to a new report from The Wall Street Journal. Carlson’s private text...news.yahoo.com
This isn’t important. Jack Smith is also interested in these audio recordings.Was watching the interview of Abby Grossberg yesterday on MSNBC. She has been subpoenaed by Smartmatic as well. She said she has recordings from cell phones that FOX did not turn over during discovery of Dominion case. And that she is going to provide them in the Smartmatic case.
I expect the outcome will be worse for FOX than the last one.
Unless the lawyers can convince 1 juror, "We dumped Carlson so everything's cool"
to paraphrase MeatloafIn this case, the Smartmatic suit is in New York, which requires "not less than five-sixths of the jurors" for a verdict
In this case, the Smartmatic suit is in New York, which requires "not less than five-sixths of the jurors" for a verdict
This isn’t important. Jack Smith is also interested in these audio recordings.
Well in the good ol' days (that conservatives wanna go back to) it would just be boys being boys...So the talk about Abby Grossberg got me to read her civil complaint against Fox News, the one in New York (there's another elsewhere). Only half finished, but I wanted to link it because it contains a narrative description of every known sexual or gender harrassment claim publicly made against Fox News since 2004. I count 40 of them. Wow.
DocumentCloud
www.documentcloud.org
A handy reference guide. It encompasses paragraphs numbered 31-71.
I don't think she is shot as a witness AND if she reported the inability to access and correct transscripts within the 30 day window; i would expect the judge to censor the lawyers and him to look into disbarment.Finished reading Grossberg's Complaint against Fox. Apart from the repulsive sexism that she experienced, the statements regarding her prep for the Dominion deposition are interesting to say the least.
Not only does she say they coached her testimony in a way that was coercive and threatening, but she says she lied several times in her deposition because of the coercion. She says she felt guilty about this, and wanted to correct her deposition transcript, but inexplicably the Fox News attorneys didn't provide her with the transcript for correction. Even though under the law every deponent has 30 days to make corrections to their deposition, and all the other Fox deponents were given their transcripts. But not her as they apparently were afraid she would change her testimony, which she would have.
What is odd here is that she just admitted in a court document that she perjured herself in a deposition, and that Fox lawyers suborned the perjury.
It's too bad, but she's probably shot as a witness for Smartmatic now.
Those attorneys should be disbarred.