Fox Corp. reports $50 million net loss following Dominion settlement ...Middle East

The Hill - News

Fox Corp., the parent company of Fox News, reported a net loss of $50 million in the first quarter of 2023, just weeks after it paid a historic settlement to Dominion Voting Systems. The company reported total quarterly revenues of $4.08 billion, representing a 18 percent increase from the $3.46 billion reported in the prior year for the first quarter. In last year's first quarter, Fox Corp. reported a net profit of $290 million. The conservative media giant agreed to pay Dominion a massive $787 million settlement late last month to forgo a jury trial after the voting systems provider hit it with a blockbuster defamation lawsuit stemming from Fox's airing of false statements about

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Last updated : 09 May 2023 clock 06:16 PM

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Fox Corp. reports $50 million net loss following Dominion settlement ...Middle East

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