Apr 19, 2023 - Can Fox News afford the $787.5m Dominion settlement?

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From the Editor's Desk Why friendship makes us healthier Benny Shakes has to ration his energy when it comes to his friends. "I'm cancelling friend dates all the time," he admits. He has a high-energy job, as a touring stand-up comedian based in Nottingham, UK. He also has mental health issues and cerebral palsy, so "it is hard to keep up with friendships a lot because of my condition. I'm tired most of the time because it takes it out of me just sitting here working on the computer. It's draining." Thankfully his friends and partner understand his need for regular solitude (which, unlike loneliness, is voluntary – read more from BBC Future about the benefits of solitude). Friends help him in numerous ways, from reminding him to take his medications to shoring him up through periods of mental ill health. Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work Can Fox News afford the $787.5m Dominion settlement?   Rupert Murdoch and his family - who control the News Corp media empire which includes Fox News, The Times of London and The Wall Street Journal - are estimated to have a fortune of $17.6bn, according to Forbes magazine. Work ANA blunder causes $13,000 Asia-US business class tickets to be sold for just $460   HONG KONG - Eagle-eyed travellers have snapped up US$10,000 (S$13,300) business-class tickets on Japan’s ANA airline for just a few hundred dollars after a currency conversion blunder. Read more at straitstimes.com. Work UK inflation falls by less than expected as food prices soar by 19.1%   Annual rate as measured by consumer prices index dropped to 10.1% in March, says ONS Work ‘Worry box’ set up by Chinese teacher lets pupils vent anxieties in secret   Many people online have been moved by poignant notes from primary school students left in a “worry box” created by their teacher. Work How Hong Kong’s iconic Diamond Restaurant lives on as a gourmet food brand   Thanks to the founder’s daughter and grandson, the Diamond Restaurant name lives on as a gourmet food brand – even after its five Hong Kong outlets closed down in 2002. Work Banking turmoil could be revived if credit conditions keep tightening and the Fed stays hawkish, Morgan Stanley's chief bond strategist says   As fears over a wider crisis ebb, Morgan Stanley's chief fixed income strategist says it's too early to say bank chaos won't return to markets. Work Blue-chip consulting firm Bain is reportedly offering new hires $20,000 to become yoga instructors or go on safari for a year   Consulting firms are looking to delay the start dates of their new MBA hires, according to a report from The Wall Street Journal. Work Aides to leader of South Korea Christian cult JMS arrested as key accomplices to sex crimes   One of those nabbed is reportedly known as Jeong’s successor in the religious group. Read more at straitstimes.com. Work Thais hone taste for gastro-nationalism   In multilayered culinary culture, dishes are more than just meals Work ChatGPT could expose corporate secrets, cyber firm warns   There are concerns that confidential information fed into chatbots now could be used by AI companies in the future. Work I moved from New York to Arizona after falling in love with the state on vacation. The drivers are worse, but I was actually able to buy a home.   John Saverino moved to Glendale, Arizona, from Long Island, New York, in 2022. He said the wages are better and houses are more affordable in Arizona. Work Rents just fell to their lowest level in over a year as ballooning prices from the pandemic start to deflate, Redfin says   "Rents ballooned during the pandemic, and are now returning to earth," according to Redfin real estate agent Dan Close. Work Zelensky and Putin Make Dueling Trips to Front Line in Ukraine   The visits by the Ukrainian and Russian leaders came as both sought to display strength and confidence ahead of an anticipated Kyiv counteroffensive. Work Popstar Aaron Carter cause of death revealed    Aaron Carter, a US popstar and the younger brother of Backstreet Boys' Nick Carter, accidentally drowned in his bathtub due to the drugs he had consumed, as per a coroner's report. He was found dead at his residence in Lancaster, California, on November 5 last year. His body was found in the bathtub by his housekeeper. He was 34 years old. No foul play was suspected. The BBC reports that the autopsy says the sedatives he had taken and also the gas difluoroethane that he had inhaled, caused his death. Difluoroethane is commonly found in air spray cleaners. Work Notes from an author: Paul Theroux reflects on rail travel   Almost half a century since taking his first long-distance train journeys, the author reflects on the inspiring, fast-evolving nature of rail travel. Work Los Angeles Teachers Reach Tentative Deal to Boost Pay   The Los Angeles Unified School District has agreed to increase pay for teachers by more than 21 percent over three years. The tentative agreement came after teachers joined support staff on the picket lines in March. Work In two recent cases, homeowners have been charged with shooting people on their property. Here's what the law says | CNN   In two recent cases, two different people approached the wrong house and were both shot by the homeowner without exchanging a single word -- one person lost her life from the encounter, another survived and is recovering from gunshot wounds to his head and arm. Work Germany has shut down its last three nuclear power plants, and some climate scientists are aghast   Germany shut down its last three operating nuclear power plants on April 15, despite a last-minute plea from some prestigious scientists. Work End of an era! Netflix to end DVD service after mailing 5.2 billion discs over 25 years    Streaming giant Netflix has some bad news for fans of physical media. The company is finally doing away with its original business model that turned it into an entertainment giant. The company says that it will no longer mail movie and TV show DVDs to subscribers after 25 years. Co-CEO Ted Sarandos said, “Those iconic red envelopes changed the way people watched shows and movies at home — and they paved the way for the shift to streaming. Work Stan Lee documentary to premiere at 2023 Tribeca Film Festival before Disney+    A documentary film detailing the life and times of Marvel Comics legend Stan Lee is all set to premiere at the 2023 Tribeca Film Festival in June. The documentary, titled Stan Lee, was first announced late last year. A short teaser accompanied the announcement promising "100 years of dreaming. 100 years of creating. 100 years of Stan Lee." The teaser featured snippets of Lee's cameos in Marvel Cinematic Universe films. The cameos are largely responsible for turning Lee into a giant for modern movie-viewing audiences. Work Russia Is Importing Western Weapons Technology, Bypassing Sanctions   Western technology goods are winding up in Russian missiles, raising questions about the efficacy of sanctions. Work Japan and France vow cooperation after Macron's comments on Taiwan   Speaking to Foreign Minister Yoshimasa Hayashi, France's Catherine Colonna stated that the security of the Indo-Pacific and Europe is "indivisible." Work The forgotten history of cats in the navy   Sailors embraced their feline colleagues, giving them tiny uniforms and their very own hammocks. But cats are natural outlaws—so it couldn’t last forever. Work She says yes: On 30th wedding anniversary, Philippine President Marcos proposes to wife again   They have three sons. Read more at straitstimes.com. Work Yellen to lay out U.S. economic priorities on China in Thursday speech   Yellen will detail the Biden administration's economic priorities on China including securing U.S. national security interests and cooperating on global issues. Work Thai beauty queen among 4 arrested for kidnapping Chinese man   The beauty queen used to be in a relationship with the Chinese man. Read more at straitstimes.com. Work China's once-sizzling startup boom loses its stride   State funds fill the vacuum as venture capital takes a step back Work The fascinating history and current state of Israel’s ties to China — Q&A with Carice Witte – The China Project   A conversation with Carice Witte, who has been working at the heart of the complicated relationship between Israel and China for decades. Work Global rice shortage is set to be the biggest in 20 years   Rice production for the marketing year ending July 2023 is set to log its largest production shortfall in two decades, according to Fitch Solutions. Work How Mexico Became the Biggest User of the World’s Most Notorious Spy Tool   A Times investigation reveals the story behind how Mexico became the first and most prolific user of Pegasus. It’s still using it, despite promising to stop. Work US State Department establishes special taskforce to deal with Sudan crisis | CNN Politics   The US State Department has established a special taskforce to deal with the crisis in Sudan, a spokesperson told CNN Tuesday. Work Americans could see their student debt, car, and mortgage payments surge because of Republicans' 'flirtation with the default,' top Democrat Hakeem Jeffries says   "It will hurt everyday Americans," Rep. Jeffries said on a potential failure to raise the debt ceiling. The US could default as soon as June. Work Soon, like United States, UN too may abandon Afghanistan    The United Nations may soon abandon millions of Afghan nationals living under Taliban rule if it fails to convince Afghanistan's hardline rulers to let local women work for the organisation. The UN officials are negotiating with the Afghan government, hoping that Taliban will make an exception to its anti-women diktat that bans local women from working for the organisation. Work Shooting of Teen Who Rang Doorbell at Wrong House Unsettles Kansas City   S. David Mitchell, a law professor at the University of Missouri, said that a defense lawyer could try to invoke the castle doctrine, a law in Missouri that allows people to use deadly force to defend themselves without having to retreat. Work For Progressive Democrats, New Momentum Clashes With Old Debates   Asked if he sees himself as a progressive, Mr. Gallego said, “I see myself as someone who has been a worker and a fighter for working-class families.” He added, “We are not going to be focusing on D.C. labels.” Work Chris Christie, Eyeing ’24 Run, Takes Shots at DeSantis   “There’s a difference between spinning politically to try to put yourself in a better position before the vote happens and after the vote happens to say it was ‘rigged,’” Mr. Christie said. Work Aaron Carter’s Death Ruled Accidental   At the time of Mr. Carter’s death, Nick Carter, his older brother and a member of the Backstreet Boys, said in a statement that even though he and his brother had a “complicated” relationship, his love for him had “never ever faded.” Work Bidens Reported Earning $580,000 and Paid $170,000 in Taxes in 2022   The New York Times obtained tax documents for the former president in 2020. The documents showed that Mr. Trump paid just $750 in federal income taxes the year he won the presidency and another $750 during the first year that he was in office. The documents revealed that Mr. Trump paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made. Work Torch Carriers in 2017 Charlottesville Rally Are Indicted   Ms. Coughlin added that she had been disappointed in the previous commonwealth attorney for not filing charges against those who carried torches during the 2017 rally. It was an issue that Mr. Hingeley, a Democrat who took office in 2020, ran on as he promised to hold white supremacists accountable, Ms. Coughlin said. Work DeSantis Meets With Republicans on Capitol Hill, to a Lukewarm Response   “Most of us who are attending are not publicly supporting him — I have gone to events for others and will continue to do that,” Mr. Buck said. “It’s just an opportunity for Ron to be in town and maybe raise his profile a little bit.” Work Pentagon Details Review of Policies for Handling Classified Information   “If you’re Ukraine and you’re sitting there fighting the war, you’re used to disinformation and leaks,” said Mr. Wallace, who warned that many of the documents circulating contain inaccuracies. “You’re used to hacking attempts. You’re used to human espionage attempts.” Work An Oklahoma Newspaper’s Secret Recording Prompts Calls for Officials to Resign   “This community has really held together well, and has been supportive, generally,” he said. “This is really shocking behavior from public officials — just really shocking and surprising.” Work Key Republican Tells Donors He Will Pursue Impeachment of Mayorkas   On Wednesday, while Mr. Mayorkas is testifying before the Homeland Security panel, the Judiciary Committee is scheduled to debate a second border security bill aimed at restricting migrant inflows, including by restricting access to asylum and requiring all employers to adopt an electronic system that screens prospective employees’ eligibility to work. Work How To Think Like A Billionaire Founder: 7 Powerful Mindset Shifts   Think like a billionaire founder with these seven powerful mindset shifts. Put your product first, avoid the media everyone else is consuming, and ask for help at the earliest opportunity. Let go of other titles and other claims over your time, differentiate between what you should do and could do, create blank space for those brainwaves that wouldn’t happen any other way, then focus on your work to the point of obsession. Drop the thought patterns of your former, smaller self and step spectacularly into your brand new role. Work Britain's Most Collectible And Pleasing Coronation Souvenirs   The Fife Arms in Braemar has created one of the most special coronation gifts; a wooden fishing scoop net by John Bell. Made from steamed ash, just as they have been for centuries, the King is a keen angler at the nearby Balmoral estate. Price on application. Work Bay House, Monaco's Largest Luxury Real Estate Development, Will Open In 2024   Bay House is just a few minutes from the Monte-Carlo Beach Hotel, Monte Carlo Bay Hotel and Resort, and the famous casino. It's perfectly located near the French and Italian Riviera, for quick jaunts to St. Tropez or languid boat trips in the Mediterranean. Residents also get front-row seats to the most prestigious events, like the Formula 1 Grand Prix, Monaco Yacht Show, and so much more. Work EN Brasserie Lures The New York City Style Set With New Music Bar   “The Music Bar is designed to highlight the sanctity of the listening experience, while simultaneously creating space for connection amongst friends,” says Alexander. “I feel as though it’s an untapped happy medium between a nightclub and a bar and I am thrilled to bring this concept to the City and carry on my grandfather\'s legacy.” Work Food prices rise at fastest rate in 45 years   Simon Mellin, founder and chief executive of The Modern Milkman, a milk delivery service, said the food industry had faced soaring costs in recent months, with milk, eggs and packaging prices all going up. Work Fox News settles Dominion defamation case for $787.5m   Syracuse University professor and First Amendment expert Roy Gutterman said: \"Looking down the line at a six-week trial, this was going to be gruelling for everyone involved and likely embarrassing for Fox. Work Rents just fell to their lowest level in over a year as ballooning prices from the pandemic start to deflate, Redfin says   "Rents ballooned during the pandemic, and are now returning to earth," according to Redfin real estate agent Dan Close. Work I moved from New York to Arizona after falling in love with the state on vacation. The drivers are worse, but I was actually able to buy a home.   John Saverino moved to Glendale, Arizona, from Long Island, New York, in 2022. He said the wages are better and houses are more affordable in Arizona. Work Fox News settles Dominion defamation case for $787.5m   Syracuse University professor and First Amendment expert Roy Gutterman said: \"Looking down the line at a six-week trial, this was going to be gruelling for everyone involved and likely embarrassing for Fox. Work Thousands of flights delayed as Southwest glitch grounds planes   Work Fox News Settles Defamation Suit for $787.5 Million, Dominion Says   At trial, a jury would have been tasked with answering the question of whether Fox had acted with “actual malice” — a legal standard meaning it had knowingly broadcast lies or had recklessly disregarded obvious evidence that the statements were untrue. Work With ‘Zero Covid’ Behind It, China’s Economy Starts to Recover   Even people who take delivery of new apartments are often reluctant to spend money on painting and furnishing. At a paint store down the street from Mr. Guo’s electric repair shop, customers have disappeared. Work U.K. Inflation Edges Lower, but Persists in Double Digits   On Tuesday, data from the statistics agency showed that wages excluding bonuses rose 6.6 percent in the three months to February, compared with the same period a year earlier, beating economists’ expectations. But there were also signs that Britain’s labor market was beginning to loosen, supporting bets that the Bank of England is close to halting rate increases. In February, for a second consecutive month, the pace of wage growth in the private sector slowed slightly, while the number of job vacancies fell and more people returned to the work force, Tuesday’s data showed. Work Fox News’s settlement in the Dominion case is big news, except on Fox News.   “But,” he continued, “the company has decided, as part of the organization being sued, I can’t talk about it or write about it, at least for now. I strongly disagree with that decision, but as an employee, I have to abide by it.” Work Fox Will Pay $787.5 Million to Settle Defamation Suit   Mr. Murdoch disagreed, according to a person who witnessed the exchange. He pointed a finger at the lawyer who had questioned him for Dominion, Mr. Nelson, and said, “I think he would strongly disagree with that.” Work As Possible Debt Limit Crisis Nears, Wall Street Shrugs   “I don’t think market participants have any idea of how bad off these negotiations are right now, which should give them pause and concern, and actually should bring the president to the table,” he said. Work The Hard-Fought Journey From East Africa to an Award-Winning Detroit Restaurant   Now the couple is trying to manage their growth. They see Baobab Fare as more than a business, but as a place for the entire community. They have 38 employees, mostly fellow refugees they’ve met through Freedom House Detroit. They are working on a second location and have expanded into wholesale packaged foods, such as hot sauce and a passion-fruit juice that was so in demand during the pandemic that they were selling 300 bottles a week. And they just introduced a food truck specializing in East African street foods that will make the rounds of festivals and other community events. Work A $787.5 Million Settlement and Embarrassing Disclosures: The Costs of Airing a Lie   “It’s hard to say how damaging a decision against Fox would have been for the company beyond the financial cost of the verdict because their audience is very loyal and bought into the polarized perspective their opinion hosts present,” Michelle Simpson Tuegel, a trial lawyer, said in a statement. “But the reputational harm of having executives, including Chairman Rupert Murdoch, and hosts take the stand seems to have moved the parties towards a resolution.” Work Subscribe to read | Financial Times   We usecookiesand other data for a number of reasons, such as keeping FT Sites reliable and secure,personalising content and ads, providing social media features and toanalyse how our Sites are used. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy  |  Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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