The Cost-Saving Tax Break in Fox's Dominion Settlement

Fox News may be able to take a tax deduction from the $787.5 million payout to Dominion Voting Systems to settle defamation claims, potentially saving the company up to $213 million. While Dominion's owner claims injury, Staple Street Capital, which bought a majority stake in the voting machine maker for $38.3 million in 2018, stands to make an astounding 1,500 percent return on that deal. Dominion is still suing others who accused it of electoral wrongdoing, including Newsmax and MyPillow founder Mike Lindell. The settlement was negotiated by a mediator who held some 50 conversations with Fox and Dominion representatives while on vacation in Romania.