Disney’s DIS 2.37%increase; green up pointing triangle decision to settle President-elect Donald Trump’s defamation lawsuit against ABC News was supposed to relieve the company of a major headache. Instead, it has set off an internal backlash.
Many rank and file journalists and producers at ABC News are frustrated by the company’s decision to resolve the suit, rather than fight in court Trump’s claims against the network and its anchor George Stephanopoulos. ABC agreed to pay $15 million to Trump’s future presidential foundation and museum, and $1 million in legal fees to Trump’s lawyer, according to a court filing made public Saturday.
