The Cost of Fox News' False Claims: $787.5 Million Settlement and Loss of Viewer Trust

Fox Corp's $787.5 million settlement with Dominion Voting Systems over defamation charges is likely to cost the media company much less due to insurance coverage and tax deductions. The settlement can be deducted from Fox's income taxes as an expense necessary for the cost of doing business. Insurance is likely to cover some of the settlement, but there could be an annual aggregate limit of liability. Fox has said it doesn't expect the settlement to affect its operations and analysts expect the company to be able to run its business as usual.