Pretty sweet deal they’ve worked out for themselves. Read the latest from besslevin:
In the run up to Tuesday’s historic defamation trial against Fox News, it actually looked like there was a chance the democracy-killing organization might seriously pay for the lies it told about the 2020 election, both from a financial and reputational standpoint. Obviously, that did not happen thanks to’s company writing a check for $787.5 million—less than half of the $1.6 billion in damages Dominion had asked for.
And that’s just one of the myriad ways things are working out in Fox’s favor!that thanks to an “arcane line” in the US tax code—which allows companies to write off “ordinary and necessary” business expenses—Fox could be able to deduct the nine-figure settlement from its income taxes and receive of tax break of up to $213 million.
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