Murdoch just had to pay out $787 million for a libel suit based on the lies they told regarding a firms election machines. It sought $1.6billion – but the damage to Murdoch’s reputation will be hard to contain. There is another claim for @2.6 pending and more from an employee who claims she was coerced into making false claims. Daily Mail is awaiting court hearings over phone hacking. The media is looking rather ragged at the moment.
Fox News did not apologise, it just acknowledged the payment and settlement. If the second company settles for similar – that is a $1.5 billion hit on his empire which must surely hurt? Or not – the rapid GOP’s will throw money at him to keep producing the rancid filth.