Serious Trouble episode (with a re-recorded section after settlement) about Dominion dropping today. We didn’t talk about:
* No trial result would have had the judge ordering Fox to apologize on air
*No trial result would have resulted in Fox being punished for damage to democracy
*. No trial result could have ”established facts” as true or false for all purposes in America
If your expectations for the legal system are not reality-based you’re going to be consistently disappointed.

@Popehat There's a certain kind of progressive for whom having trial deliberations livestreamed on Maddow is "accountability" but having to pay nearly $800M isn't.

People should celebrate! Fox just lost 6 mo net revenue in a high-interest-rate economy! And since they can't stop *lying*, now and then they're gonna risk having this mess repeat all over again when they've gotta step over the line *again* to keep the viewers loyal.

@surcomplicated @Popehat

I’m an accountant and I shudder to think what Fox accounting and finance will go through from this hit.

You don’t just take a billion dollar hit and go business as usual after that. I’d feel sorry but I also chose not to work for the far right so I can only sympathize a tiny tiny bit.

I’d kill to see their whole balance sheet before and after and what they have accrued so far for the legal risk here.

@nickhayes @Popehat If I were a Fox shareholder I'd really want to know
(a) If Fox has a libel insurer
(b) How much the cap is, or if there are any contractual conditions or legal principles that could void the insurance
(c) When that insurance policy ends, because Fox will have a hell of a time getting libel insurance ever again.