Judd Legum: Fox will recoup its losses

[Qutzupalotl]

Fox News will likely try to recoup the $787 million settlement by negotiating higher carriage fees with cable providers.

Those providers will then pass the extra costs to you by increasing your monthly bill, even if you never watch Fox News

Fox News lies

You pay

https://journa.host/juddlegum/110222578428585625

[Gaugamela]

1. The way to kill Fox "News" is to sink cable TV. It's obsolescent anyway. I don't know

why anyone pays for it. When I travel and stay at a hotel I’ll turn on msnbc, and I can’t believe the amount of advertising on a subscription platform. It has to be at least twice what we had in the 60s and 70s on network TV. You can subscribe to several streaming services like HBO and Netflix for the same cost. You can watch the best clips of msnbc on YouTube. I seriously don’t know why people pay good money to have a fire hose of obnoxious commercial content projectile vomiting into their home.

[angrychair]

4. I hate it

But cable is required for certain content like Soccer.

Bad thing for me is that we watch a lot of soccer but to get just 75% of the games we want requires:
Apple TV+
Peacock
Paramount+
ESPN+
Cable TV
HBOMax

We don't have it but the rest we are missing can only be watched on Fubu.

It's a cluster fuck and sometimes very frustrating trying to figure out where a game is being broadcast.

[cstanleytech]

5. I would say that it makes it more convenient rather than required.

[dchill]

8. "...the amount of advertising on a subscription platform..."

I remember the whole pitch of cable was no commercials.

[WarGamer]

2. Plus I read they may have insurance that partially covered the payout.

[JI7]

3. With the internet and streaming and all the other crap available people can easily

just not get this service .

[cstanleytech]

6. Aye, we ditched DirecTV and have zero interest in getting either of the two cable TV services in

our neighborhood and instead use online streaming services.

[Midnight Writer]

7. I'm wondering if they can get a tax write-off, either for the settlement or lawyer fees.

[Phoenix61]

9. I ditched cable years ago. nt

[Takket]

10. That's not likely

Link has Fox News financials but basically the $800 M is only 28% of their profit from last year. IE not at all harmful to their company. There is little sense risking their business model by alienating cable companies. That could hurt their bottom line much more than the lawsuit settlement.

https://www.esquire.com/news-politics/a43636240/fox-news-dominion-defamation-settlement/