I think the bigger picture is the fact that a huge news corporation will pay a huge amount of money out rather than air it’s dirty laundry in a courtroom. The internal memos and WhatsApp’s flying around Fox News over the last few years stating that they had to protect their business model over telling their American audience the truth is quite staggering. Their share price will only drop a small amount and they are cash rich to the sum of around $4 billion dollars but at the end of the day they are a news organisation that the wider American public ( not their right wing paying customers) now know that Fox News are a politically lying news organisation, that will count to the swing voters who represent the most important vote in the majority of elections worldwide. There is also another case being prepared against Fox News in a similar vein to this which is just over the horizon, as we say a lot about politics in the USA, interesting times ahead.
