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Stock impact report

Analysis: Trump's bizarre $10 billion BBC lawsuit has even more holes than his other media actions [CNN]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: CNN
Trump has sued The Wall Street Journal, The New York Times, and now the BBC, each time filing suit in Florida and each time alleging defamation. Numerous legal experts have told CNN that the underlying complaints are weak — and that the publicity may be the real point. The newest suit, lodged against the BBC this week , charges that a bad edit to a pre-election film was a defamatory attempt to influence American voters, even though the film did not air in the US. The suit “does not have any legal basis, either on defamation or jurisdictional grounds,” said Bob Corn-Revere, chief counsel at the Foundation for Individual Rights and Expression. “This is nothing more than the president's latest effort to intimidate media companies that he sees as adversarial to his administration,” he said. The pattern is evident: Trump immediately wins headlines for waging a legal battle, making him look like he's taking bold action to combat media misdeeds, and leaving some of his fans rootin Show less Read more
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