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Sounds like they're trying to fend off the shareholder lawsuit:

 

Fox News Dominion lawsuit – live: Network to benefit from tax write-off from $787m payout

 

Fox News appears to be set to benefit from a tax write-off from its $787m payout to Dominion Voting Systems.

 

Fox Corporation executive Brian Nick confirmed to Lever that the historic settlement is tax deductible but would not reveal the amount that the network will be able to write off.

 

However the revelation means that the landmark payout – the largest in US history for a libel case – might not harm Fox News’ profits as much as expected.

 

Click on the link for the full article

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Mike Lindell’s firm told to pay $5 million in ‘Prove Mike Wrong’ election-fraud challenge

 

https://www.washingtonpost.com/investigations/2023/04/20/mike-lindell-prove-wrong-contest/?utm_campaign=wp_post_most&utm_medium=email&utm_source=newsletter&wpisrc=nl_most&carta-url=https%3A%2F%2Fs2.washingtonpost.com%2Fcar-ln-tr%2F39c687b%2F64416907afd891675414cbcb%2F5972cc04ae7e8a1cf4afaedb%2F8%2F72%2F64416907afd891675414cbcb&wp_cu=ef42c6fe7b4a99163a7adc78f7019819|3AC1FD6768D66469E0530100007FDC0A

 

MyPillow founder and prominent election denier Mike Lindell made a bold offer ahead of a “cyber symposium” he held in August 2021 in South Dakota: He claimed he had data showing Chinese interference and said he would pay $5 million to anyone who could prove the material was not from the previous year’s U.S. election.

 

He called the challenge “Prove Mike Wrong.”

On Wednesday, a private arbitration panel ruled that someone did.

The panel said Robert Zeidman, a computer forensics expert and 63-year-old Trump voter from Nevada, was entitled to the $5 million payout.

Zeidman had examined Lindell’s data and concluded that not only did it not prove voter fraud, it also had no connection to the 2020 election.

 

 

 

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5 hours ago, China said:

Sounds like they're trying to fend off the shareholder lawsuit:

 

Fox News Dominion lawsuit – live: Network to benefit from tax write-off from $787m payout

 

Fox News appears to be set to benefit from a tax write-off from its $787m payout to Dominion Voting Systems.

 

Fox Corporation executive Brian Nick confirmed to Lever that the historic settlement is tax deductible but would not reveal the amount that the network will be able to write off.

 

However the revelation means that the landmark payout – the largest in US history for a libel case – might not harm Fox News’ profits as much as expected.

 

Click on the link for the full article

 

 

From Rolling Stone:

 

"(FOX) could deduct up to $213 million from their income taxes under provisions in the American tax code that allow companies to write off legal bills as “ordinary and necessary” business expenses. Since the dispute was settled between two companies, and not with the government, Fox can claim tax benefits on the payment"

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Fox looking to make subscribers pay their bill.  Losing their lawsuit looks like it won't harm them at all.

 

Fox News wants a massive increase in its cable fees — which will be paid for by all cable subscribers

 

If that rate goes up to $3 per subscriber, Fox News would be earning more than $1.8 billion annually from affiliate revenue alone

 

Following Fox News’ massive defamation settlement paid out to Dominion Election Systems, the network is now pursuing an even more aggressive strategy to raise revenue by increasing the fee paid by cable and satellite providers to $3 per subscriber, according to a new report from Vanity Fair.

 

Quote

Fox News executives insist that sponsors have not been spooked by the Big Lie scandal, nor have the cable and satellite providers that carry the network. In the negotiations that are taking place this spring between Fox and the likes of Comcast, Fox wants to break past the three-buck mark—meaning three dollars per cable household per month, according to sources familiar with the matter. Even though the American cable universe is shrinking, Murdoch and his son Lachlan Murdoch are still extracting billions of dollars.

 

Click on the link for the full article

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That morning show on CNN is horrible. I used to watch HLN's Robin Meade and Company because it was great plus it came on after all of the overnight Forensic Files programs that I have on for white noise. I really miss Robin Meade and Company, great mix of stories, not just politics. 

 

Definitely CNN made a wrong decision there. Could have piped Robin Meade over to CNN instead of the other way around.

 

 

Edited by LadySkinsFan
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