Fox Corporation CEO Lachlan Murdoch addressed the company’s $787.5 million settlement with Dominion Voting Systems during the media giant’s fiscal third quarter earnings call on Tuesday.
“We made the business decision to resolve this dispute and avoid the acrimony of a divisive trial and a multi-year appeal process, a decision clearly in the best interest of the company and its shareholders,” Murdoch told analysts and investors. “The settlement in no way alters Fox’s commitment to the highest journalistic standards or our passion for unabashedly reporting the news of the day.”
The Denver-based voting technology firm had accused top Fox News hosts and some network guests of defaming the company after they suggested its machines had been hacked or compromised during the 2020 presidential election.