The settlement in the Dominion lawsuit will lead to further litigation and controversy for Fox News, writes Jeffrey Sonnenfeld and Steven Tian
with accomplished individuals, such as former House Speaker Paul Ryan, Managing Partner of Quinn Emanuel William Burck, former Ford CEO Jacques Nasser, and Formula One CEO Chase Carey, all of whom have a lot to lose—whether by way of reputation or liability—by more embarrassing disclosures coming out of depositions and trials.
Admissions by Murdoch, Ryan, Fox News CEO Suzanne Scott, and Fox Corp. Chief Legal Officer Viet Dinh demonstrate a failure to act on what they knew to be false—or a failure of theirto the shareholders. Their duties were not to protect management or even to please viewers, but to protect the enterprise and shareholder value.
Alt-right media such as One America News Network and Newsmax are likely facing even greater financial peril as they are facing similar legal challenges as Fox. Despite his self-proclaimed willingness to testify in court, Murdoch’s rambling, brutally candid, and self-incriminating answers in deposition raise questions over his judgment. Fox cannot retract Murdoch’s sworn testimony, and when they unsuccessfully tried to hide, they had to apologize for such deception. Presumably Murdoch will be forced to continue to shed light on how much he knew, when he knew it, and what he did or didn’t do in response, as the drumbeat of investigations rolls on.
For its part, Fox News is already modifying its approach and seeming to take some of these lessons to heart before they become total Faux News.
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