Fox Corporation

Sacks support ×2 ▼ on 📈 Fox's neocon drift misaligns it with its own audience — bad for the business E189 · 2024-07-26 ▶ 44:01

So I think that Fox already has a problem where they are becoming misaligned with their audience. And regards to what you think of the politics, this is bad for business.

Sacks oppose ×1 ▼ on 🏛️ Defamation litigation wave hits media balance sheets E159 · 2023-12-29 ▶ 54:14

I do think the judgments or the magnitude of the judgments are ridiculous

Jason support ×2 ▼ on 🏛️ Defamation litigation wave hits media balance sheets E159 · 2023-12-29 ▶ 53:25

And they're facing an even bigger lawsuit, a $2.7 billion lawsuit with another election technology company that will happen in 2025 Pension funds are now suing this loathsome company because they lost so much money for them.

Friedberg support ×1 ▼ on 🏛️ Defamation litigation wave hits media balance sheets E125 · 2023-04-21 ▶ 38:29

I think there's an interesting question here on how far this goes with respected, maybe it invites the lawsuits, like you guys say, where there's things that are more on the line.

Sacks support ×2 ▼ on 🏛️ Defamation litigation wave hits media balance sheets E125 · 2023-04-21 ▶ 36:06

look, I hope Chamath is right that this actually incentivizes more actions against media companies because I think their feet need to be held to the fire and they need to do a better job publishing the truth.

Chamath support ×3 ▼ on 🏛️ Defamation litigation wave hits media balance sheets E125 · 2023-04-21 ▶ 34:54

This is going to embolden a lot of people to take matters into their own hands and sue some of these media companies if the lie is egregious enough, and it negatively impacts them enough. I think it would embolden a lot of folks.

Chamath oppose ×3 ▲ on 🏛️ Dominion's $1.6B defamation claim against Fox fails the actual-malice test E125 · 2023-04-21 ▶ 32:48

Fox, I think, has only 4 billion of cash, so they just spent 20 some odd percent of it paying this off. And if I were a shareholder, the question I would ask is did we actually make enough money to justify having to pay almost $800 million of our cash balance? The answer is probably no. And this is the first of a bunch of lawsuits that they have.

Sacks reversal ×2 ▲ on 🏛️ Dominion's $1.6B defamation claim against Fox fails the actual-malice test E125 · 2023-04-21 ▶ 29:32

So for this one network to get a fine of like 800 million, it's like pretty incredible. I mean, they should be handing out a lot more of these in my view, not just to Fox. But yeah, look, I would like to see, to that end, I would like to see the standard in New York Times versus Sullivan revised by the Supreme Court.

Sacks support ×2 ▲ on 🏛️ Dominion's $1.6B defamation claim against Fox fails the actual-malice test E118 · 2023-03-03 ▶ 1:17:13

But I don't think they're going to be because that's not the legal standard. I believe that if a television network knowingly spreads and endorses baseless accusations against somebody, which they know or should know is basically untrue, I think they should absolutely be liable for libel or defamation. But that is not what the law requires.