Published On Dec 14, 2024, 4:33 PM
ABC News has agreed to pay President-elect Donald Trump $15 million to settle a defamation lawsuit regarding remarks made by anchor George Stephanopoulos. The network will also pay $1 million in legal fees and is expected to publish a statement regretting the comments made during an interview that linked Trump to allegations of sexual misconduct.
Negative
The settlement may represent a shift in how major news organizations approach defamation lawsuits from high-profile figures like Trump, suggesting an increased willingness to resolve such issues out of court to avoid lengthy and costly litigation. Investors in Disney (ABC's parent company) should consider that such settlements, while potentially necessary, could signal ongoing reputational challenges and may affect ABC's operational dynamics.
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