Fox's settlement with Dominion unlikely to cost it $787.5M - Vanderhoof Omineca Express
Media company can deduct payment from income taxes, among other methods
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Media company can deduct payment from income taxes, among other methods
Media company can deduct payment from income taxes, among other methods
Media company can deduct payment from income taxes, among other methods
Fox Corp.’s $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower. On Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against former
There are ways Fox can defray some of the expense, primarily through insurance and the use of tax deductions.