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Charlz Guybon posted:I believe their profit last year was $1.5 billion, so $787.5 million was about half that. Not a small number, but is it really a deterrent? I guess it depends on how the other lawsuits shake out, but by itself, I'm going to say no. Supposedly they did it to avoid permanently losing their audience to the fringe upstart media, so probably a good deal for them.
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Apr 19, 2023 03:38
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Charlz Guybon posted:I believe their profit last year was $1.5 billion, so $787.5 million was about half that. Not a small number, but is it really a deterrent? I guess it depends on how the other lawsuits shake out, but by itself, I'm going to say no. Looking at the Wikipedia page and net income this is about right. Looks like they'll still be able to pay their bills but I wonder how shareholders will feel about losing half of their profit. Are there any goon MBAs that could chime in on that?
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Apr 19, 2023 06:58
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Fox doesnt even have to apologize. https://twitter.com/washingtonpost/status/1648447510875369476 WP has a running tally of things mentioned in all of tonights Fox shows. The settlement/trial was not brought up in any way. "But in a statement issued after the settlement was announced, the network acknowledged the determination of the judge in the case, Eric M. Davis, that the 20 statements at issue were false. “We acknowledge the Court’s rulings finding certain claims about Dominion to be false,” the network said." Thats it, thats all we get.
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Apr 19, 2023 07:51
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Maybe our expectations are just flatly wrong. Historically, are there any examples of something like this actually resulting in Justice? Is the explanation for everything that happens simply "how can every organization's investors maximize short term profit", even the infrastructure of democracy?
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Apr 19, 2023 09:57
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If they get 49% of their claim like Dominion, that would be over 1.3 billion dollars https://twitter.com/semaforben/status/1648419670565990400
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Apr 19, 2023 10:10
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Vaginaface posted:Maybe our expectations are just flatly wrong. Historically, are there any examples of something like this actually resulting in Justice? Is the explanation for everything that happens simply "how can every organization's investors maximize short term profit", even the infrastructure of democracy?
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Apr 19, 2023 10:43
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BiggerBoat posted:
https://news.yahoo.com/fox-news-says-little-air-024310977.html Fox News says little on air about its $787.5 million settlement with Dominion Hosts Tucker Carlson and Sean Hannity, who had been expected to testify in the Dominion trial, did not reference the settlement, the largest struck by an American media company, during their primetime broadcasts on Tuesday night. Fox anchor Neil Cavuto broke into his headline news show "Your World" about 4:30 p.m. ET to report the settlement and read a statement by Fox in which it said it was pleased to have reached an agreement to avert a trial and acknowledged the judge's ruling that the claims about Dominion were false. Howard Kurtz, the host of Fox News' MediaBuzz show, appeared on Cavuto's show and during "Special Report with Bret Baier." On "Special Report" Kurtz read the Fox statement, but did not include the dollar figure of the settlement.
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Apr 19, 2023 12:11
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I was surprised at how quickly they glossed over the news on my local station (AM 640 in SoCal). They're not even a huge RW channel but they went from reporting the settlement to the hosts saying "well, ALL the news outlets have a bias and you just can't know who's telling the truth, ever" I was shocked it turned so quickly, no discussion of the implications or ramifications, just "oh well, everybody lies"
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Apr 19, 2023 20:37
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Barley Legal posted:I was surprised at how quickly they glossed over the news on my local station (AM 640 in SoCal). They're not even a huge RW channel but they went from reporting the settlement to the hosts saying "well, ALL the news outlets have a bias and you just can't know who's telling the truth, ever" Don't even have to be a huge right wing channel for that statement to be true of them.
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Apr 19, 2023 20:56
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Colberts editors apologize for Fox. https://twitter.com/colbertlateshow/status/1648854379061968896
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Apr 20, 2023 07:55
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Oh, fantastic https://twitter.com/RonFilipkowski/status/1648852283973677058 "Thanks to an arcane line in the tax code, Fox can deduct that settlement payment from its income taxes, according to a company spokesperson and tax experts consulted by The Lever. That’s because federal law allows taxpayers to write off many legal costs, providing that they are “ordinary and necessary” business expenses. The IRS has repeatedly affirmed that for major corporations, paying out settlements is just part of the cost of doing business." "Brian Nick, Fox Corporation’s chief communications officer, told The Lever that “I can confirm tax deductibility but not the amount.”" "When JPMorgan settled with the federal government in 2013 over charges that the bank lied about the quality of mortgages it underwrote, $11 billion of the $13 billion settlement was tax deductible, news reports indicated. At least $2.7 billion of a $5 billion settlement between the government and Goldman Sachs in 2016 for that bank’s misconduct in the leadup to the financial crisis was tax deductible, earning the company a $936 million tax rebate. Of an $11.6 billion settlement between Bank of America and the federal government in 2014, $10 billion was tax deductible, ensuring the bank a $4 billion windfall from the IRS." "If any of Fox’s settlement payment is covered by insurance, Fox could not write off that portion of the payment. However, the company would then be able to deduct any subsequent higher premiums triggered by an insurance payout." It sounds like Tucker may still get that holiday bonus. OgNar fucked around with this message at 08:33 on Apr 20, 2023 |
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Apr 20, 2023 08:30
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You love to see it https://twitter.com/jonswaine/status/1649051354693013504?s=46&t=BHs6Pl38GJXGN2Y4xeriNA
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Apr 20, 2023 16:07
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FlamingLiberal posted:You love to see it Theres a small part of me that feels bad for Mike Lindells kids, watching your inheritance burn in front of you because your dads too loving stupid to know when to stop the grift and believed the slop he was sending to others.
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Apr 20, 2023 16:40
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I have a little request, if anyone has some free time and an interest in helping. I feel fairly competent in describing the US's politics among the socialists and other leftists I tend to talk with, but I stink badly at editing my words to be less jargony, less assumptive for a general audience. Earlier today, I'd a discussion with a friend about the seeming uptick in gun violence in the USA, and I found myself trying to explain to him what I understand to be the convergent interests of more broad authoritarians (DeSantis, etc.) and capital interests as being pretty directly responsible for this, having endeavored to make the culture of violence in the USA so dominating that instances of violence are functionally guaranteed, statistically. To this end I attempted to explain the inordinate focus on acts of violence by members of the classes these interests are "other"ing as being an expected and desired result of their grander strategy, but I feel I lost the effectiveness mid-conversation, as I consistently make too many assumptions that some friends see the world very similarly to the way that I do, that is, as a laborer with a direct antagonistic relationship to capital. Even that paragraph was dumb and wordy. All of this is to ask, does anyone have a fairly succinct, maybe pretty plain-language descriptions of how we should understand media interests/RW media interests and how they are converging, symbiotic with and bluntly, bedfellows with capital interests and fascist interests in the USA?
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Apr 20, 2023 16:56
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Making white people scared means you can pick their pockets and they'll thank you for saving them from the dark skinned menace. It's been the same play book for centuries in a white supremacist nation. This time around for the wheel the NRA got on board and convinced white people that bang bang sticks are "Manly Man's Man Toys For Manning Around Like A Man" and oh by the way if you're afraid of the black kid knocking on your door just shoot them.
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Apr 20, 2023 17:29
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Scared old white masters of the universe men are getting older, weaker, sicker and have had propaganda poured in their heads how minorities are a separate species with strange powers that they cannot compete with unless they have a gun. they live isolated lives, so they never get used to the fact that Damon Jones is just another guy like John Smith. How dare they ask for equal rights, they are already drugged up super soldiers that carry diseases that are causing our kids to want to marry a man and not a good wife who stays in the kitchen and things are more expensive! My wife had to take a job and she has her own money! She makes more than I used to before I broke my back and got my settlement and had to take my pension! They have passed this on to their kids, and grandkids where they havent been 'brain washed' by college and the liberals. The younger ones hear how things should be, because they are white, and male. then they have to work in a shithole, seeing people who should be lesser having it 'better' (they dont) and the gun becomes a way to solve this injustice! Should just shoot all those sick fuckers in the head! They should be grateful for taking Them here to America, they shouldnt need reparations! What about my family? Lincoln took my families property! otherwise they would just be in mud huts in Africa! All this was me channeling my family, and not my opinion, if that is not clear.
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Apr 20, 2023 19:42
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Trouble in paradise? https://twitter.com/catturd2/status/1648867503001436160?t=ZUMzylxWRVqzOeGIg_KJCA&s=19
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Apr 20, 2023 21:50
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I mean he's not wrong, DeSantis has been out either campaigning or trying to sell his lovely book and has barely been in-state except for a few quick press conferences or to sign bills.
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Apr 20, 2023 22:07
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FlamingLiberal posted:I mean he's not wrong, DeSantis has been out either campaigning or trying to sell his lovely book and has barely been in-state except for a few quick press conferences or to sign bills. Also most of the virtue signaling laws he's passing are popular with right wing media creepos and no one else.
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Apr 20, 2023 22:41
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LionYeti posted:Also most of the virtue signaling laws he's passing are popular with right wing media creepos and no one else.
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Apr 20, 2023 23:09
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Panfilo posted:Trouble in paradise? lol I enjoy that like half the responses to this are people saying "I used to love DeSantis but FL is going to poo poo now because he's just passing culture war stuff and not fixing our actual issues" and the other half going, "Nah bro FL is fine." Even the people who live in a different reality from the rest of the country live in different realities from each other.
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Apr 20, 2023 23:42
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I cannot wait for Trump to say that DeSantis is doing this just to try and knock out trump and become so toxic that he cannot win the general. They will eventually decide that DeSantis is a secret agent for the globalists.
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Apr 21, 2023 00:02
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Basically, the MyPillow guy started a contest to try to say "See, even for $5 million, they couldn't disprove the fact there was election fraud 1One!One!ONE!!!!" Then, when it came time for people to look at the "Proof". he decided not to "Because then the government would discredit it, despite it's true" So, the guy proved that what the mypillow guy presented was not evidence of election fraud. Now, the contract for the "contest" indicated that disputes on whether someone had won the contest would be handled by binding arbitration, and even said "the courts have a very high burden to overturn a binding arbitration award". The guy refused to pay, the arbitrator said "You know what the terms of the contest say, it doesn't matter if you have super duper proof there was election fraud which no one else can see, the contest states that if the applicant can prove that the data that you present is not election fraud related, then they've won the contest and you need to pay them the $5 million" He can attempt to overturn it, but again, they have a VERY high burden to overturn the arbitrator's award (and no, claiming "That evidence was incomplete. They need to jump through THIS hoop as well" is not going to fly. All they're realistically doing is adding $$$ to what they're going to owe the guy. edit: Here's the section from the Post article: "In their 23-page decision, the arbitrators said Zeidman proved that Lindell’s material “unequivocally did not reflect November 2020 election data.” They directed Lindell’s firm to pay Zeidman within 30 days. So, not only was it not data that proved there was election fraud in 2020, it wasn't even 2020 data that was presented!!!! SirFozzie fucked around with this message at 01:30 on Apr 21, 2023 |
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Apr 21, 2023 01:22
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LionYeti posted:Theres a small part of me that feels bad for Mike Lindells kids, watching your inheritance burn in front of you because your dads too loving stupid to know when to stop the grift and believed the slop he was sending to others. On the other hand... LMAO also gently caress his inheritance.
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Apr 21, 2023 01:44
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What is the latest in the DeSantis vs Disney thing? I only ask because I've heard a couple of right wing people saying DeSantis has won a great victory, and I've seen other people saying that DeSantis got embarrassed (including a couple of recent political cartoons). What has happened that the right thinks is DeSantis really owning Disney?
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Apr 21, 2023 04:42
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Tree Law gets all the memes and gold, but apparently contest and sweepstakes law is a distant 2nd place.
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Apr 21, 2023 05:28
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Twelve by Pies posted:What is the latest in the DeSantis vs Disney thing? I only ask because I've heard a couple of right wing people saying DeSantis has won a great victory, and I've seen other people saying that DeSantis got embarrassed (including a couple of recent political cartoons). What has happened that the right thinks is DeSantis really owning Disney? Basically their utility bills are higher than they used to be but beyond that DeSantis utterly caved and they will remain a special district until at least 2035
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Apr 21, 2023 05:57
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Twelve by Pies posted:What is the latest in the DeSantis vs Disney thing? I only ask because I've heard a couple of right wing people saying DeSantis has won a great victory, and I've seen other people saying that DeSantis got embarrassed (including a couple of recent political cartoons). What has happened that the right thinks is DeSantis really owning Disney? Disney's lawyers ripped the rug out from under the goons they "allowed" DeSantis to install in authority* over the Disney Reedy Creek district by using an obscure legal clause to render them all powerless and keep the district functionally in Disney's purview until "the last living descendant of King Charles III has died." Which is going to be a while considering the man has currently-living infant grandchildren. Meatball Ron got roundly mocked and humiliated over it because he functionally hired Lionel Hutz to sue the Walt Disney Corporation and got conga-line dunked on by Mr. Burns' NBA All-Star team of lawyers. He's taking his humiliating in stride by deciding to triple down on trying to make life miserable for Disney and is now threatening to build a federal prison nextdoor to Disneyworld and sick an army of local carnival ride inspectors on the Disney parks to drown them with needless safety inspection checks while Disney is out there going full rainbow capitalism and going "Look how much we love LGBT+ people for a reason we're cheekily never going to say why, but it's totally because we just goosed a big dumb sweaty homophobe." Now Meatball Ron, the Teen Party Don is plummeting in the polls, all his big money donors are abandoning him and the real power brokers in the GOP are all sliming their way back to Trump because they think DeSantis is just embarrassing himself trying to keep kicking Disney's ankles with his tiny rat feet. tl;dr: he came at the king of Capitalism Mountain and he missed so hard he punched a hole in himself instead. nine-gear crow fucked around with this message at 06:19 on Apr 21, 2023 |
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Apr 21, 2023 06:12
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Twelve by Pies posted:What is the latest in the DeSantis vs Disney thing? I only ask because I've heard a couple of right wing people saying DeSantis has won a great victory, and I've seen other people saying that DeSantis got embarrassed (including a couple of recent political cartoons). What has happened that the right thinks is DeSantis really owning Disney? Besides possibly adding Prison right next door and adding toll roads to leading up to Disney? Supposedly he is trying to nullify their reversal which nullified his decision to take them over. This was their limits added in before his bullshit "On Feb. 8, the day before the Florida House voted to put DeSantis in charge, the previous Disney-allied board signed a long-lasting development agreement that drastically limits the control that can be exercised over the company and its district. As part of a 30-year development agreement, Disney no longer needs board approval to build high-density projects or buildings of any height and can sell or assign development rights. It also bans the board from using Disney’s name or any of its characters." https://www.cnbc.com/2023/03/30/disney-ron-desantis-royal-lives-clause.html And this is him saying he's going to nullify it https://twitter.com/GovRonDeSantis/status/1648069359741329408 There might be something more in this, but i cant stand to listen to him. Immediately after this video Disney posted info on an after dark pride event. https://twitter.com/GovRonDeSantis/status/1648007909333417985
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Apr 21, 2023 06:20
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Universal and Sea World are just going to loving LOVE a prison next door. Or Toll roads. Or any of the poo poo DeSantis is trying to pull. Screw with the area too much and you're not going to end up just fighting Disney.
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Apr 21, 2023 09:37
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And now theres a bid to move it to NC "North Carolina State Sen. Michael Garrett, a Democrat from Guilford County, has filed Senate Bill 594, the “Mickey’s Freedom Restoration Act,” to give Disney a place to move the Magic Kingdom, EPCOT Center, Disney’s Hollywood Studios, Animal Kingdom and all those other parks, hotels and golf courses." https://thehill.com/changing-americ...tar-heel-state/ https://myfox8.com/news/north-carolina/north-carolina-bill-could-invite-walt-disney-world-to-move-to-the-tar-heel-state/
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Apr 21, 2023 09:48
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I mean isn't that the ultimate trump - hah - card in Disney's deck, anyway? That Disney can literally never lose a fight with any Florida-based opponent because all Disney has to say is some PR equivalent of "we are closing down until our demands are met" or even simply threaten "we are considering moving to [other state] due to new discriminatory practices" and their enemy will be destroyed by each and every business and monied interest in Florida? Like if Disney unironically just said "in solidarity with our fellow citizens we are closing Disneyworld pending the repeal of Ron DeSantis' discriminatory laws. Further, as we cannot trust him so long as he is in power, we are also considering moving to New York" isn't a question of when, not if, his donors force him to step down and back down? Like yeah, I know, Disney doesn't care enough to do that and also DeSantis isn't a skilled enough opponent to force them to even consider it - as has been shown, but yeah. Point is that this isn't even Disney's final form. DeSantis could have been the greatest to ever play the game, and I'm pretty sure he'd still lose. Maybe there exists a politician savvy enough to take on Disney and win while still operating within the framework of modern American politics and economics, IDK, but I'm confident in saying that no such politician does or can exist in Florida. They'd have to be someone at the federal level.
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Apr 21, 2023 10:03
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RoboChrist 9000 posted:I mean isn't that the ultimate trump - hah - card in Disney's deck, anyway? That Disney can literally never lose a fight with any Florida-based opponent because all Disney has to say is some PR equivalent of "we are closing down until our demands are met" or even simply threaten "we are considering moving to [other state] due to new discriminatory practices" and their enemy will be destroyed by each and every business and monied interest in Florida? Moving all of Disney World would be a big suck, but if another stated offered enough incentives, Disney MIGHT do it, and that would absolutely GUT Florida in the economy
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Apr 21, 2023 11:40
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Disney must have some kind of global warming contingency plan for when Florida sinks 20 years from now.
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Apr 21, 2023 11:43
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AtomikKrab posted:Moving all of Disney World would be a big suck, but if another stated offered enough incentives, Disney MIGHT do it, and that would absolutely GUT Florida in the economy
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Apr 21, 2023 11:53
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AtomikKrab posted:Moving all of Disney World would be a big suck, but if another stated offered enough incentives, Disney MIGHT do it, and that would absolutely GUT Florida in the economy I don't think it will happen - and certainly not to another red state because that's a ticking time bomb and they know it - but yeah, my point is the mere threat. Or even a temporarily closure. Disney has the ability to, at their whim, immediately tank the Florida economy at any time without anyone being able to stop them. Any and every entity tied to the Florida economy can never, ever, defeat them in any way that is truly meaningful. Like let DeSantis keep bloviating. They don't even need to temporarily shut down; just threaten it. "For the safety of our customers and employees, we will be suspending operation while the new prison is under construction." See how quickly things change. Like it can't be overstated how dumb DeSantis is and how he'd be losing this fight - and is - even without Disney pulling out its nuclear option, but yeah. DeSantis could not ever win this fight, and the mere fact he thought he could shows how stupid he is. Fighting Disney is what he should have done, if at all, when he got the presidency, not while he was still tied to Florida.
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Apr 21, 2023 12:02
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So earlier people were saying that Dominion caved and that Fox have gotten away scot-free. What I will say as a lawyer (albeit a criminal defense lawyer, not one who specialises in large corporate Defamation cases.) Dominion had won a bunch of crucial early victories. But had they gone to trial, they still had to clear the Malice hurdle in Court. And that right there basically boiled down to a coin flip. If they win that coin flip, Fox is screwed. But then they potentially appeal and appeal and you have more opportunities to lose. If they lose the coin flip, they go home with nothing. With so much at stake, I can well understand why they would agree to settle this case. And while Fox will try to present it as nothing but cost of business, it's huge sums of money. (Even with the earlier story about it being put as a Tax deal.) It's going to raise the bar on future settlement payments, such as this upcoming Smartmatic suit. And you can bet they now won't settle for less than 700+ million. And how many of those type of settlements can Fox afford? There was also this story today. Lachlan Murdoch drops defamation lawsuit against Australian outlet after Dominion settlement https://jrnl.ie/6049563 So yeah, this could be even more expensive for Fox.
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Apr 21, 2023 12:26
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Turns out counting on corporations to save democracy is a sucker's bet under capitalism-turning-to-fascism. Closest thing to a bright spot I've got on the whole thing is the hope that there's blood in the water and the money sharks go in to a feeding frenzy. If it stops with just this payout Fox won't change anything outside of using more legally defensible weasel words for their lies and tighter "is you taking notes on a criminal loving conspiracy?" email protocols. If the payout punches keep coming they might actually get hurt.
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Apr 21, 2023 12:39
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bird food bathtub posted:Turns out counting on corporations to save democracy is a sucker's bet under capitalism-turning-to-fascism. There’s at least three other lawsuits that have spiraled out of the Dominion suit and I wouldn’t be surprised if more came from not only this suit but other groups, now that they have a blue print and motivation, decide that maybe they should try and hold Fox accountable for things they’ve said. Anyway, if any Chud brings up something off fox just give them back the old, “you can’t trust anything on mainstream media, why look at fox, the largest news org in America just settled with a company for seven times what they were worth for lying so bad.” Edit: there’s also a chance that Jack Smith includes Hannity in his indictments. I think we’ve seen that he was conspiring with Trump on how to most effectively distribute his false election messages and motivate people to come on Jan 06. Murgos fucked around with this message at 16:04 on Apr 21, 2023 |
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Apr 21, 2023 16:00
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You have to love these really transparent grifts https://twitter.com/justinbaragona/status/1649425307508654081?s=46&t=BHs6Pl38GJXGN2Y4xeriNA
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Apr 21, 2023 16:13
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