Fox Corp chief Lachlan Murdoch says lawsuit settled ‘to avoid divisive trial’

Fox Corp announced on Tuesday that it had lost $50 million in the previous three months, which it attributed to the lawsuit settlement.

Lachlan Murdoch (Photo by Evan Agostini/Invision/AP, File)

Fox News paid $787 million to settle a lawsuit over its reporting after the 2020 election to avoid a divisive trial and lengthy appeals process, its parent company’s boss has said.

Lachlan Murdoch, executive chairman and CEO of Fox Corp, also noted that a Delaware judge “severely limited” Fox’s defences against Dominion Voting Systems, which said the network defamed it by airing bogus charges of election fraud that it knew were untrue.