"That’s dangerous under any circumstances, but it’s especially troubling at a national news organization, such as Fox, where disinformation and lies, apparently, are the coin of the realm. "Rupert Murdoch has had absolute power at both Fox and News Corp for far too long," Cohan wrote. Murdoch may be 92 years old, but his control of Fox and other media entities remains absolute. Smartmatic, or even the recently filed shareholder lawsuit against Fox, could end up pressuring Fox, and indirectly News Corp, to scrap their dual-class stock structures." "If it emerges victorious in its lawsuit, it could insist, as part of any settlement, on governance changes at Fox or even demand that the CEO succession process include candidates outside the Murdoch family. Murdoch may lie with Smartmatic," wrote Cohan.
#Dominions 5 controls professional
When dual classes of stock are involved, a family’s voting power often far outstrips its economic ownership, leading to financially foolish, and even bizarre, behavior."ĪLSO IN THE NEWS: Former DOJ official: Indictment for Trump's alleged election crimes will be a much bigger deal than the docs scandalĪmerican corporations turned to professional management a century ago to insulate shareholders from dynastic owners, and the Smartmatic defamation suit may finally break Murdoch's grip on the conservative media empire he controls.
"To a lesser degree, I see problems occurring at companies such as Comcast (controlled by the Roberts family) and Paramount Global (controlled by Shari Redstone), among others. "The drama we’re watching play out at the Fox Corporation is an extreme example of how companies with a controlling shareholder can suffer - the stock is down almost 18 percent in the past five years - but it isn’t the only one," wrote columnist William D. The Fox News boss controls his empire through ownership of a special class of stock that gives him an outsized voting stake in the Fox Corporation and News Corp., and his leadership has survived recent challenges from so-called Class B shareholders, but a defamation lawsuit could finally topple him, reported the New York Times. "But it's tricky when the organization itself has relevant information that would cast doubt on the veracity of the statements about Dominion.Rupert Murdoch's fate is in the hand of voting machine company Smartmatic after paying out a whopping $787.5 million settlement to Dominion Voting Systems. "I think (Fox is) trying to argue that the employees themselves did not have that necessary mental state," said UNC's Papandrea.
The network says scattered doubts about the claims among certain individuals cannot be attributed to the organization as a whole.
Dominion also cites evidence that some hosts and producers thought the guests spreading them, including former Trump attorneys Rudy Giuliani and Sidney Powell, were not credible.įox has argued Dominion falls short of pinning actual malice on the individuals who were responsible for the defamatory statements because it cannot prove any "superior officer" at the network or its parent company "ordered, participated in, or ratified" wrongdoing. The defamatory statements aired on shows including "Sunday Morning Futures," "Lou Dobbs Tonight" and "Justice with Judge Jeanine." Dominion alleges that Fox personnel from the newsroom to the boardroom knew the statements were false but continued to air them to avoid losing viewers to far-right outlets. The question could hinge upon troves of internal Fox communications and testimony by Murdoch, his son Lachlan, and a parade of Fox higher-ups and hosts who are expected to testify. But Davis left it up for jurors to decide whether Fox knowingly spread false information or acted with reckless disregard for the truth - the legal standard of actual malice that Dominion must meet to prevail.
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