From a story on politico.com by Ankush Khardori headlined “Why Fox News had to settle the Dominion suit”:

One of the year’s most hotly anticipated trials reached a stunning conclusion before it even began. Poised to face off in the courtroom this afternoon, with jury selection complete, Dominion Voting Systems and Fox News instead reached a settlement. The last-minute agreement makes clear just how sticky a situation Fox was headed for if the trial did occur.

Lawyers for Dominion announced that Fox News (and parent company Fox Corporation) had agreed to settle the case for $787.5 million — less than half of Dominion’s claim for $1.6 billion in damages but nevertheless a historic rebuke for the influential conservative media outlet.