Fox News' Legal Woes Continue with Dominion and Smartmatic Cases.

Fox Corp's $787.5 million settlement with Dominion Voting Systems over defamation charges is unlikely to cost the media company the full amount due to insurance coverage and tax deductions. The settlement is expected to be paid during the current quarter, and after deducting the settlement from its income taxes, Fox is estimated to incur about $590 million. The company has also stated that it does not expect the settlement to affect its operations or its ability to return money to shareholders.