Fox News was sued by Dominion for $1.6 billion in March 2021, allegedly for promoting Donald Trump's false claims that the presidential election was rigged.
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By Mehran Khan
WILMINGTON, United States: Dominion, a provider of voting equipment, filed a defamation suit against Fox News, alleging that the network intentionally broadcast false statements linking its devices to a plot to rig the 2020 US election. The case was settled for $787.5 million on Tuesday.
The settlement arrangement prevented what most analysts believed would have been a damaging trial for the conservative channel in which Rupert Murdoch, the owner, would have had to give public testimony.
After the 12 jurors had been chosen and the Delaware Superior Court was getting ready to hear opening arguments, Judge Eric Davis revealed the last-minute accord.
In a statement, Fox News expressed its "pleasure" with the resolution of the conflict and stated: "We acknowledge the court's findings finding certain allegations regarding Dominion to be incorrect.
Fox had "admitted to telling lies about Dominion that caused enormous damage to my company, our employees, and our customers," Dominion CEO John Poulos told reporters outside the court. Nothing will ever make that up.
The New York Times dubbed the hearings "the defamation trial of the century," as they involved a media outlet purposefully spreading false material while also pushing the boundaries of free speech in the country.
Analysts had anticipated that the hearing could end up being one of the most important libel cases in US legal history.
The deal, which is thought to be one of the richest in a defamation case ever, means that prominent anchors like Tucker Carlson and Sean Hannity will also avoid testifying.
According to US media, the agreement does not compel Fox hosts to apologize on-air or acknowledge that they have distributed inaccurate information.
In March 2021, Dominion sued Fox News for $1.6 billion, claiming that it had supported Donald Trump's unfounded assertion that the election he lost to Joe Biden had been rigged using the network's equipment.
Fox broadcast the lies, according to Dominion, even though it knew they were false.
It said that the network started backing Trump's conspiracy because it was losing viewers to smaller competitors after it became the first television station to predict that the Democrat would win the presidency by picking Biden to win the southwestern state of Arizona.