LONDON, April 19, 2023 /Business/ — Fox News settled with Dominion Voting Systems for $787.5 million on April 18, 2023, just hours before opening statements were scheduled to begin in a defamation trial. The settlement was the largest ever in a defamation case involving a media company.
There are several possible reasons why Fox News agreed to settle. First, the network was facing a strong case. Dominion had already won several key rulings in the case, including one that found that Fox News had defamed the company. A jury was also likely to find in Dominion’s favor, and a large verdict could have been devastating for Fox News.