First Thing: Fox and Dominion settle for $787m election defamation lawsuit

Fox News, which is primarily owned by Rupert Murdoch, had also broadcast baseless allegations that Dominion paid government kickbacks. Photograph: Mike Segar/Reuters

Fox News and Dominion have reached a $787.5m settlement in a dispute over whether the news network knowingly broadcast false claims that the voting equipment company switched votes in favor of the Democrats.

Dominion had sought $1.6bn in damages. Its chief executive, John Poulos, said the evidence brought to light during the case had underscored “the consequences of spreading lies.”