By Brian Stelter, Marshall Cohen, CNN
(CNN) — Egregious lies about the 2020 presidential election are going to cost Newsmax $67 million.
To avert a high-stakes trial, the right-wing cable channel has agreed to pay Dominion Voting Systems $27 million this month and another $40 million in the next two years.
The settlement deal was struck last week and disclosed in a Newsmax financial filing on Monday.
“We are pleased to have settled this matter,” a Dominion spokesperson told CNN, declining to comment further.
There was no indication that Newsmax will offer any on-air apology or acknowledgment of its false claims about Dominion, which were leveled in service of President Trump’s push to stay in power after losing in 2020.
Earlier this year a Delaware judge ruled that Newsmax did air defamatory statements about Dominion by falsely accusing the company of rigging the 2020 election. The judge said it would be up to a jury to decide if the smears were intentional, and if so, how much Dominion deserved in damages. But the expected April trial was postponed by the judge, citing a professional matter unrelated to the case.
Then money talked, just as it did when Fox News settled with Dominion on the verge of a similar trial in 2023.
Fox agreed to pay $787.5 million, a gobsmacking sum that weighed on Fox Corp’s quarterly earnings at the time.
There was no immediate indication how Newsmax and Dominion arrived at the $67 million sum on Monday.
Newsmax’s TV ratings, however, are roughly one tenth of Fox’s ratings.
Nearly five years after the pro-Trump campaign to overturn the results of the 2020 election, some lawsuits by victims of the smears continue to wind their way through the courts.
Fox is aggressively fighting a defamation suit by the voting tech company Smartmatic. Newsmax agreed to a $40 million settlement with Smartmatic last fall, on the eve of a trial.
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