Adam KlasfeldApr 19, 2023

Three prominent First Amendment lawyers uniformly agreed that Fox’s $787.5 million deal was record-setting, massive, and would be too painful for the network to ignore.

It's more than half of Fox's earnings from 2022.

Why they say you shouldn't believe the naysayers. https://lawandcrime.com/2020-election/dont-get-it-twisted-foxs-787-5m-defamation-deal-is-record-setting-massive-and-painful-experts-say/

Don't get it twisted: Fox's $787.5M defamation deal is record-setting, massive and painful, experts say

Three prominent First Amendment lawyers tell Law&Crime that Fox's settlement was record-setting, massive, and would be too painful for the network to ignore.

Law & Crime
Show threadDeterioratedStuccoApr 19, 2023
@KlasfeldReports
Earnings, not profits? Oww. That's gotta hurt.
Show threadbunnyAdvocateApr 19, 2023
@SoftwareTheron @KlasfeldReports That's a typo/error, as Fox Corp's revenue is approx ~$4 billion per quarter. The settlement was half of Fox's 2022 not revenue (profit), not earnings.
Show threadAdam KlasfeldApr 19, 2023
@SoftwareTheron @bunnyAdvocate earnings is synonymous with profit, ie, what you net. Revenue is before you account for expenses. (See the chart inside the story, where “revenue” is a far higher figure.)
Show threadDeterioratedStucco
@KlasfeldReports @bunnyAdvocate
Okay, thank you.
Apr 19, 2023 at 11:07pmWeb