“Fox will be fine if they lose [in court against Dominion],” David Offenberg, an associate professor of finance at Loyola Marymount University, told TheWrap. “Recently, they have been returning about $1.3 billion a year to shareholders through stock buybacks and dividends. They would likely freeze or reduce both for a period to pay Dominion.”
Source: The Wrap
Analysis: Dominion’s Lawsuit Won’t Break Fox News, But It Opens the Door to Other Financial Troubles
