Amazed they settled when Newsmaxx are still refusing to accept they did anything wrong. The figure is also way below what they were claiming. It feels like they weren't confident in the way the jury would go.
I would think there were a number of considerations given the claim against Fox started at $1.6bn and which coincidentally was the same starting figure as that for Newsmaxx.
Although Newsmaxx claims to be in around 70m homes, I would equate that claim to be like one of the obscure satellite or digital channels claiming to be in "X" million UK homes. The channel might be there, but who watches it?
Fox News dwarfs Newsmaxx for both the maximum viewers and average viewers. - Sometimes by almost a factor of 9 or 10 from some of the figures I have seen. I would imagine that in court all sorts of excuses would be provided along the lines of "Yes we beam to X million homes but our viewers are Y thousands and of those the average viewing time is Z minutes."
Then there is how frequently the lies were pushed. No doubt Dominion would have detailed records of this, as they certainly did in the Fox case.
Smartmatic who were also defamed, settled with Newsmaxx for $40m. Their case against Fox News is still unresolved. The last I read was that Fox News were trying avoid a jury trial.
With my very limited knowledge, $67m (my original post should have shown £50m not $50m), the figure when compared to that in Fox seems a reasonable solution.