Trish Regan
@TrishReganChannel·1.2M subscribers·10.6K videos
Fox News' Board SUED by Shareholders
Posted
September 14, 2023
Views
348,928
Likes
14,201
Comments
1,276
Engagement
4.44%
September 14, 2023
348,928
14,201
1,276
4.44%
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52:53Now PlayingIn today’s show, Trish Regan reports on new lawsuits that are hitting FOX News and its board members.
Two new shareholder action lawsuits accuse FOX’s board members (including Rupert Murdoch and son Lachlan Murdoch) as well as Paul Ryan, and other executives at the company, of having “consciously disregarded” the risk of exposing itself to defamation claims “with potentially huge financial liability and potentially larger business reprecussions” in favor of ratings and profits.
Shareholders allege that Fox’s board made an intentional, reckless decision to prioritize profits above all potential risks - thereby, costing the company (and its shareholders) enormous amounts of money.
Trish Regan predicted there would be shareholder lawsuits when she reported the news of Fox’s nearly $800 million settlement, warning that there would be additional issues resulting from the deal. Indeed, that day is here.
Fox’s legal challenges are growing. The big question now: can the network, led by former production assistant Suzanne Scott and former Shep Smith producer Jay Wallace, continue to survive amid such enormous legal pressure?
As a former Fox Business and Fox News personality herself, Trish Regan has a unique perspective on the challenges this company now faces.
A series of poor decisions, including not better managing the Dominion situation, and not better anticipating and adapting to changes to the media landscape, could soon mean: the ‘Domination of Fox’ may soon come to an end.
Join Trish for more on this story and much more. LIVE.
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