No, you don’t have to find anything. If you think that I embarrass myself then prove it on a live platform. You, lurker, Straw, etc. wtf Prime?
You give me a one day drop in stock prices and you think that wouldn’t be normal after a public settlement or lawsuit and they’ll somehow go under🙄
And I bet you didn’t even watch the video, did you? Of course not, you never do otherwise you would have also known that they have $4 billion in liquid cash reserves that can be ready within 24-48hrs.
https://www.forbes.com/companies/fox/?sh=3d4759bc3a1e
When did I ever say the FOX was 'going under'?
Seriously, you want to go on a live platform to talk about FOX's finances, and that you did not know the difference between revenue and net income?
Just so you know, $4 billion is a far cry from $14 billion, which is the figure you bandied about. If FOX pays $787,000,000 out of their liquid cash, they will be down to approximately $3.2 billion. Any way you look at this, it is a big hit.
To put this in perspective, let’s say you earn $140,000 a year. After expenses you only have $14,000. in checking. Out of this you pay someone $7,875, it leaves you with $6,125. You would not be broke, but it is enough to make a dent in your checking account. Of course you could always tap into the $40,000 you have in reserves/savings.
Here’s some good news for FOX’s bottom line. 'It is unclear how much Fox will save, though a spokesman confirmed that tax deductibility is at play. Lever News estimated that the company could reap as much as $213 million in tax savings.'
https://www.nytimes.com/2023/04/20/business/dealbook/fox-dominion-settlement-tax-break.html#:~:text=Fox%20News%20will%20pay%20%24787.5,have%20been%20a%20landmark%20trial.
https://www.bbc.com/news/business-65320001Thanks for posting the link to the Forbes article regarding FOX's finances. Did you happen to catch the FOX financial summary in the article? Their profits amount to $1.4 billion or less. (According to BBC news: "To put the payout into context, parent company Fox Corporation reported net income of $1.23bn for the last financial year." Check it out below: