On the first day of trial, the two parties reached a settlement for $787.5 million. Dominion’s lawyer called it a moment of “accountability” and “vindication” for the company, while Fox News acknowledged that some of its claims about Dominion were false and said the settlement reflected its “continued commitment to the highest journalistic standards.”
The settlement is the largest ever paid by a media company in a defamation case and is being seen as a historic moment for the accountability of conservative media outlets that had amplified Trump’s false claims of election fraud. It also exposed the inner workings of Fox News, with internal emails and testimony from its executives, hosts, and journalists revealing that they were skeptical of the fraud narrative but still allowed it to air for ratings and political reasons.
The settlement is a significant victory for Dominion, which has been fighting to restore its reputation in the wake of the election. It is also a reminder of the importance of responsible journalism and the consequences of spreading false information.