Fox News' to write off $787 million settlement will cost taxpayers $213 million

Fox News' decision to write off the $787 million settlement related to the Dominion defamation lawsuit, which will cost taxpayers $213 million, is deeply concerning. Their decision to write it off in their taxes places an unnecessary burden on taxpayers, while also sending the message that defaming electoral systems, facts or reputations has no consequence. Fox News' decision to write off the settlement highlights the unchecked power the media holds over the important elements of democracy like free and fair elections. The Dominion defamation lawsuit held Fox News responsible for millions of dollars in lawsuits brought by Dominion Voting Systems, the manufacturer of voting machines used in the 2020 Presidential Elections. The news network, along with other right-wing media outlets, propagated several groundless allegations and conspiracy theories regarding Dominion and its involvement in a voter fraud scheme, which were later considered baseless and proven false. By writing off the settlement, Fox News sent a message that their platform remains a medium for propaganda that could be used without fear of consequence or accountability. Moreover, the decision to write off this expense is unjust as it creates an unnecessary infringement on taxpayer dollars. Taxpayers should not be held responsible for cost compensation that results from such defamation lawsuits. It is unjust for a private company to dump the cost onto the taxpayers, especially when the defamatory accusations were willingly spread through their media networks without proper fact-checking. Fox News' decision to write off this settlement shows the company's lack of responsibility and accountability for their actions. Writing off such a large settlement on their taxes sends the message that Fox News is not willing to take responsibility for their role in the spread of misinformation and defamatory statements. Fox News has previously come under scrutiny for similar actions, with accusations of promoting false narratives and spreading misinformation. The repeated disregard for journalistic ethics is worrisome, leading to the polarization of facts and creating a situation where news outlets can spread potentially misleading and fake news without any consequences. Fox News' decision to write off the $787 million settlement on their taxes is unacceptable, leading to the unnecessary burdening of taxpayers. This decision places the responsibility of covering their settlement expenses on the public rather than taking responsibility for their role in the spread of misinformation. It's essential for any news outlet to hold themselves accountable for the facts they spread, promote journalistic ethics and do everything they can to avoid spreading disinformation during times where it can harm democratic processes. Fox News must be held accountable for their actions and provide transparency in the interest of the public regardless of their political leanings.