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The Guardian - US

Business

Edward Helmore in New York

Fox reports $54m loss for first three months of 2023

Dominion Fox Lachlan Murdoch Fox News Tucker Carlson

Fox News headquarters in New York City on 12 April 2023. — Fox News headquarters in New York City on 12 April 2023. Photograph: Yuki Iwamura/AP

US TV company Fox Corporation reported a $54m loss for the first three months of 2023, after the company agreed to settle a lawsuit over claims that its Fox News division defamed electronic voting systems supplier Dominion in the aftermath of the contentious 2020 US presidential election.

The company said the loss was mostly “due to charges associated with legal settlement costs at Fox News Media”.

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