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- Fox agreed to a $787.5 million settlement with Dominion Voting Systems on Tuesday.
- The stunning figure is nearly half of the damages for which Dominion sued.
- But a senior media executive told Insider that insurance typically handles these types of payments.
Fox News settled Dominion Voting Systems' blockbuster defamation lawsuit on Tuesday afternoon, agreeing to a stunning $787.5 million payout — the largest publicly known settlement in a US defamation case.