Fox News has reached a settlement with Dominion, the voting machine company, to resolve a defamation lawsuit related to its coverage of the 2020 US presidential election. The settlement was reached just before the trial and Fox News has agreed to pay $787.5 million, which is approximately half of the $1.6 billion sought by Dominion. The company claimed that Fox’s false reporting on rigged election claims had caused significant harm to its business. The agreement has spared Rupert Murdoch and other Fox executives from having to testify. The settlement doesn’t require the judge’s approval. Fox News issued a statement saying the settlement reflects its commitment to the highest journalistic standards and acknowledged the court’s rulings regarding certain false claims about Dominion. Dominion CEO John Poulos said the settlement included Fox admitting to telling lies that caused enormous damage to his company. A Dominion attorney, Justin Nelson, emphasized that the truth matters and lies have consequences, and Americans must share a commitment to facts for democracy to endure.