There's no drinking anything here. I'm referring to numbers.
Keep drinking the kool aid. It is so so sad that you are so ill informed about these things Originally Posted by berryberry
- tommy156
- 04-23-2023, 02:05 PM
- Salty Again
- 04-23-2023, 03:28 PM
Biden has outperformed him on all job and healthcare fronts. And he's done so in half the time. I was never able to afford healthcare before Biden came along, so there's no debate there. Biden has done better for everyday Americans, and all your hate for him doesn't change that fact.... Now ya got ME laughing with you, mate...
Nice cut & paste, btw. You ever hear the phrase "brevity is the soul of wit"? Originally Posted by tommy156
The onley people in America that Biden has got jobs and
health care for are the ILLEGALS.
##### Salty
- tommy156
- 04-23-2023, 05:17 PM
- The_Waco_Kid
- 04-23-2023, 05:20 PM
yeah, it's deductible on corporate taxes
Fox's settlement with Dominion unlikely to cost it $787.5M
https://www.yahoo.com/finance/news/f...120054140.html
MAE ANDERSON
Sun, April 23, 2023 at 7:00 AM CDT
Fox Corp.'s $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower.
On Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against former President Donald Trump in 2020. It was the most-watched media libel case in decades.
Fox had about $4 billion of cash on hand as of December 2022, and MoffettNathanson analyst Robert Fishman expects the company to pay the settlement during the current quarter.
How much the lawsuit will actually end up costing Fox is unclear because there are ways it can defray some of the expense, primarily through insurance and the use of tax deductions.
Fox can deduct the Dominion settlement from its income taxes as an expense necessary for the cost of doing business. Fox Chief Communications Officer Brian Nick has confirmed the deductibility of the settlement.
Big companies often deduct large settlements to help offset some of the cost, but since settlement amounts are usually confidential, it's difficult to pin down exactly how much they benefit. Payments that are seen as restitution or compensation can be deducted, while payments made to the government or at the direction of a government are usually not deductible.
Robert Willens, a tax professor at the Columbia University School of Business, estimates that after the tax write-off, Fox will incur about three-fourths of the settlement amount, about $590 million.
“The key is that if the payments are being made to private parties and not at the behest of the government then you can pretty much conclude without any fear of contradiction that the payment will be deductible," he said.
News Corporation (NWSA)
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After hours: 4:10PM EDT
A study by the Government Accountability Office in 2005 found that of 34 settlements totaling over $1 billion, 20 companies reported deducting some portion or all of their settlement payments. Big banks such as Bank of America and JPMorgan Chase reportedly also deducted portions of their settlements of charges tied the financial crisis of 2008.
Also, if Fox is insured, insurance is likely to cover some of the settlement. Chad Milton, a partner at Media Risk Consultants, said a large media company such as Fox could have anywhere between $100 million to $500 million in coverage, including media liability insurance and other types of insurance.
“It’s not hard to stack up $100 million but as you go higher than that, it gets harder and harder,” Milton said.
Usually, there’s a certain amount a media company has to pay, which could be in the millions, before insurance kicks in. However, the deductible incudes attorney fees, which in a high-profile case like Fox-Dominion could be tens of millions of dollars or higher, so the deductible could be swallowed up just by attorney fees.
One wrinkle: even if an insurance company pays a substantial part of the settlement, there could be an annual aggregate limit of liability, which could mean that insurers wouldn’t cover another big-money settlement.
And media companies and insurers don’t always agree on who should cover what, since there are caveats written into contracts that allow insurers to avoid paying under certain circumstances. In 2012, Disney settled a defamation suit after ABC aired a segment that questioned the safety of a meat producer’s products that critics dubbed “pink slime.” But one of its insurers, AIG, ended up suing Disney so they wouldn’t have to pay part of the settlement, although AIG eventually lost.
Fox has also said it doesn’t expect the settlement to affect its operations.
“We don’t expect significant operational effects or changes to our business given our cash flow, strong balance sheet and the health of our business,” the company said in a statement after the settlement was announced.
MoffettNathanson's Fishman said everything indicates the company will be able to run its business as usual.
“It isn’t clear there has been much, if any, impact of these lawsuits on Fox News’ viewership and business,” he said.
Fishman said he doesn’t expect the settlement to hamper Fox’s ability to return money to shareholders, including a $1 billion accelerated share repurchase program announced in February.
Fox has a similar lawsuit looming with another voting machine company, Smartmatic, but no date has been set and the case might not go to court for a couple of years.
Fox's settlement with Dominion unlikely to cost it $787.5M
https://www.yahoo.com/finance/news/f...120054140.html
MAE ANDERSON
Sun, April 23, 2023 at 7:00 AM CDT
Fox Corp.'s $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower.
On Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against former President Donald Trump in 2020. It was the most-watched media libel case in decades.
Fox had about $4 billion of cash on hand as of December 2022, and MoffettNathanson analyst Robert Fishman expects the company to pay the settlement during the current quarter.
How much the lawsuit will actually end up costing Fox is unclear because there are ways it can defray some of the expense, primarily through insurance and the use of tax deductions.
Fox can deduct the Dominion settlement from its income taxes as an expense necessary for the cost of doing business. Fox Chief Communications Officer Brian Nick has confirmed the deductibility of the settlement.
Big companies often deduct large settlements to help offset some of the cost, but since settlement amounts are usually confidential, it's difficult to pin down exactly how much they benefit. Payments that are seen as restitution or compensation can be deducted, while payments made to the government or at the direction of a government are usually not deductible.
Robert Willens, a tax professor at the Columbia University School of Business, estimates that after the tax write-off, Fox will incur about three-fourths of the settlement amount, about $590 million.
“The key is that if the payments are being made to private parties and not at the behest of the government then you can pretty much conclude without any fear of contradiction that the payment will be deductible," he said.
News Corporation (NWSA)
View quote details
NasdaqGS - Nasdaq Real Time Price (USD)
17.28+0.01(0.06%)
At close:4:00PM EDT
17.280.00 (0.00%)
After hours: 4:10PM EDT
A study by the Government Accountability Office in 2005 found that of 34 settlements totaling over $1 billion, 20 companies reported deducting some portion or all of their settlement payments. Big banks such as Bank of America and JPMorgan Chase reportedly also deducted portions of their settlements of charges tied the financial crisis of 2008.
Also, if Fox is insured, insurance is likely to cover some of the settlement. Chad Milton, a partner at Media Risk Consultants, said a large media company such as Fox could have anywhere between $100 million to $500 million in coverage, including media liability insurance and other types of insurance.
“It’s not hard to stack up $100 million but as you go higher than that, it gets harder and harder,” Milton said.
Usually, there’s a certain amount a media company has to pay, which could be in the millions, before insurance kicks in. However, the deductible incudes attorney fees, which in a high-profile case like Fox-Dominion could be tens of millions of dollars or higher, so the deductible could be swallowed up just by attorney fees.
One wrinkle: even if an insurance company pays a substantial part of the settlement, there could be an annual aggregate limit of liability, which could mean that insurers wouldn’t cover another big-money settlement.
And media companies and insurers don’t always agree on who should cover what, since there are caveats written into contracts that allow insurers to avoid paying under certain circumstances. In 2012, Disney settled a defamation suit after ABC aired a segment that questioned the safety of a meat producer’s products that critics dubbed “pink slime.” But one of its insurers, AIG, ended up suing Disney so they wouldn’t have to pay part of the settlement, although AIG eventually lost.
Fox has also said it doesn’t expect the settlement to affect its operations.
“We don’t expect significant operational effects or changes to our business given our cash flow, strong balance sheet and the health of our business,” the company said in a statement after the settlement was announced.
MoffettNathanson's Fishman said everything indicates the company will be able to run its business as usual.
“It isn’t clear there has been much, if any, impact of these lawsuits on Fox News’ viewership and business,” he said.
Fishman said he doesn’t expect the settlement to hamper Fox’s ability to return money to shareholders, including a $1 billion accelerated share repurchase program announced in February.
Fox has a similar lawsuit looming with another voting machine company, Smartmatic, but no date has been set and the case might not go to court for a couple of years.
- berryberry
- 04-23-2023, 05:47 PM
There's no drinking anything here. I'm referring to numbers. Originally Posted by tommy156
Sure there isn't. 
You aren't able to refute any of the facts I posted showing Trump's policies benefited American and everyday Americans
Try reading them with an open mind for once. They are plain to see and easy to follow
- The_Waco_Kid
- 04-23-2023, 06:27 PM
Jesus Christ. The proof is in the pudding.
https://www.upworthy.com/joe-biden-s...-states-so-far Originally Posted by tommy156
upworthy.com is a far left propaganda site.
Upworthy is a website dedicated to positive storytelling. It was started in March 2012 by Eli Pariser, the former executive director of MoveOn, and Peter Koechley, the former managing editor of The Onion.
and what does Biden's so-called accomplishments (by a leftist news site) have to do with FOX and settling with Dominion?
- Jacuzzme
- 04-23-2023, 06:54 PM
That’s gotta be the stupidest website since omfgdogs. Far as I can tell, their primary goal is to peddle fake leather handbags.
- bambino
- 04-23-2023, 07:00 PM
- tommy156
- 04-23-2023, 07:04 PM
Just let me know when spot any lies in the Upworthy article. You guys post stuff from far right propaganda sites all the time, btw
- tommy156
- 04-23-2023, 07:06 PM
Also, the Chinese tariffs thing? Lol. WE pay the fucking tariffs, not the Chinese. One of the dumbest lies of the trump era, and there were a few thousand doozies to comb through.
- Cody69
- 04-23-2023, 08:27 PM
Also, the Chinese tariffs thing? Lol. WE pay the fucking tariffs, not the Chinese. One of the dumbest lies of the trump era, and there were a few thousand doozies to comb through. Originally Posted by tommy156Don't teach most of these guys to much, there ring leader will have to pull them aside. Sort of like the Marjorie Taylor Greene brain.
- berryberry
- 04-23-2023, 11:57 PM
Also, the Chinese tariffs thing? Lol. WE pay the fucking tariffs, not the Chinese. One of the dumbest lies of the trump era, and there were a few thousand doozies to comb through. Originally Posted by tommy156OOOOH, now we are getting somewhere. You are attempting to refute one of the actual facts I posted showing Trump's policies benefited American and everyday Americans
I know you ignored the other 50 or so because you can't refute them, but hey let's look at the one you have tried to refute. Seems like it is this one:
Imposed tariffs on hundreds of billions worth of Chinese goods to protect American jobs and stop China’s abuses under Section 232 of the Trade Expansion Act of 1962 and Section 301 of the Trade Act of 1974.
Now, do you understand the purpose of tariffs? Seems like from your comment you do not. These tariffs were put in place for a very good reason. Hint - It was not about revenue. So come on, see if you can figure it out and let us know when you do. Then you will see how wrong you were and you haven't refuted anything.
- bambino
- 04-24-2023, 04:24 PM
- lustylad
- 04-24-2023, 04:46 PM
- lustylad
- 04-24-2023, 04:55 PM
Also, the Chinese tariffs thing? Lol. WE pay the fucking tariffs, not the Chinese. One of the dumbest lies of the trump era... Originally Posted by tommy156Tell you what, tommy. I'll agree with you on who bears the incidence of the China tariffs, if you'll stop pretending Biden and the Democrats bear ZERO blame for the spike in inflation.
P.S. Where did you study economics?