General Discussion

haele

(15,212 posts)

6. Fox's revenue may be in the upper billions, but their profit is around 10% of revenue.

Wed Apr 19, 2023, 09:27 AM

Apr 2023

3/4 of a billion cuts into their profit margin. Shareholders are going to be shorted this year, as earnings are going to suffer, both from the settlement and from a potential loss of revenue by casual watchers who don't appreciate the lies they've been told. Also, with this late settlement - before trial - they do not escape the appearance of guilt, of the facts brought out during discovery that they regularly lie to affect political outcomes. The Federal Government has every right now to reduce their current access to federal facilities as an official approved "news source".
Which may cause other "news sources" to clean up their acts and drop a lot of those infotainment opinion segments for real journalism segments.
But -sigh - who am I kidding?

Haele

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Civil Settlements and DELAWARE CIVIL RULE 68 [View all] Effete Snob Apr 2023 OP

The Dominion v. Fox News case was always going to settle PJMcK Apr 2023 #1

People are upset their favorite spring show got cancelled Sympthsical Apr 2023 #2

So.....will Dominion now go after the Fox Show Hosts/ Presenters? FarPoint Apr 2023 #5

Why not? Effete Snob Apr 2023 #9

Why would it? It's been compensated for its losses, Ocelot II Apr 2023 #10

Behold, the torts exam Respondeat Superior Wagon... Effete Snob Apr 2023 #12

LOL! Flashback time! Ocelot II Apr 2023 #13

A lark! Effete Snob Apr 2023 #14

LOL again! Ocelot II Apr 2023 #15

That's a great case Effete Snob Apr 2023 #16

I'm not upset at all localroger Apr 2023 #3

Don't you know that 1/2 their income is just a drop in the bucket! AZSkiffyGeek Apr 2023 #4

Fox's revenue may be in the upper billions, but their profit is around 10% of revenue. haele Apr 2023 #6

My understanding is they have about $4 billion in cash and cash equivalents Dave says Apr 2023 #27

Fox probably has business insurance. Whether any such policy will be canceled Ocelot II Apr 2023 #11

Per their legally required financial statements, Fox had $4B cash on hand as of 12/2022 sir pball Apr 2023 #17

Thank you! Thank you! Thank you! Ocelot II Apr 2023 #7

What caught my eye Effete Snob Apr 2023 #8

Thank you so much for this most informative, and illuminating, post. niyad Apr 2023 #18

Thanks so much. Kick and rec. emulatorloo Apr 2023 #19

+1 onenote Apr 2023 #20

Well done. cachukis Apr 2023 #21

Thank you Wild blueberry Apr 2023 #22

Recommended. H2O Man Apr 2023 #23

Good points, but we don't know if an offer of judgment was ever served rsdsharp Apr 2023 #24

We wouldn't know that Effete Snob Apr 2023 #26

K&R - - - and thank you for this very understandable explanation. Talitha Apr 2023 #25