New York City Comptroller Brad Lander didn’t hold back in his Tuesday statement, accusing Fox’s board of a glaring oversight in journalistic standards and stressing the dire need for clear governance systems for a company’s sustainability.
The Trump Conspiracy and Defamation Red Flags
The lawsuit further dives into the aftermath of the 2020 presidential saga. With the world watching, Fox News allegedly amplified ex-President Donald Trump’s baseless claims of a rigged election. Despite appeals from election technology firms Dominion and Smartmatic USA, Fox News apparently persisted with their broadcast direction, leading to litigation.
Fox’s Business Model: A Defamation Magnet?
The pension funds raise three pivotal concerns: Fox’s pursuit of profits despite the defamation minefield, their alleged lack of proactive measures against defamation threats, and a perceived inaction against the glaring defamation red flags.
Closing their argument with a poignant analogy, the funds liken Fox News to a ship’s captain who sees an impending storm but sails straight into it. By consciously skirting around robust journalistic practices, Fox Corp., they assert, invited a tempest of defamation claims and the potential for catastrophic financial fallout.
