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   alt.disney      Putting Walt on a giant fucking pedestal      2,118 messages   

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   Message 918 of 2,118   
   Nancy NAMBLA Pelosi to All   
   ABC's 'pink slime' settlement likely cos   
   18 Aug 17 07:16:46   
   
   XPost: alt.politics.media, sac.politics, alt.fan.states.south-dakota   
   XPost: alt.fan.rush-limbaugh   
   From: sf.nancy@mail.house.gov   
      
   The Walt Disney Co. (DIS) likely paid $177 million toward a   
   settlement with Beef Products Inc., the South Dakota-based meat   
   processing company that filed suit against ABC News over its   
   2012 coverage of a processed meat byproduct dubbed “pink slime,”   
   according to a quarterly filing Tuesday.   
      
   However, the full financials terms of the settlement were likely   
   much larger. A Beef Products spokesman confirmed to FOX Business   
   that “$177 million was not the total settlement amount.”   
      
   Disney, which owns ABC News, did not specifically link the $177   
   million payment to the settlement it reached with BPI last June.   
      
   The filing identified the charge as a cost “incurred in   
   connection with the settlement of litigation,” minus the portion   
   of the settlement covered by insurance.   
      
   Disney representatives did not immediately respond to a request   
   for comment.   
      
   BPI filed a $1.9 billion defamation lawsuit against the   
   television network in 2012, alleging that ABC News reporter Jim   
   Avila’s coverage of its use of a product known as “lean finely-   
   textured beef” led customers to believe it was dangerous to   
   consume. The meat processor said the “pink slime” controversy   
   led directly to the closure of three plants and layoffs of about   
   700 employees, the Associated Press reported.   
      
   Both BPI and Disney declined in June to reveal the settlement’s   
   financial terms because they are confidential. However, a BPI   
   spokesman told FOX Business at the time that company officials   
   were “extraordinarily pleased” with the settlement.   
      
   “While this has not been an easy road to travel, it was   
   necessary to begin rectifying the harm we suffered as a result   
   of what we believed to be biased and baseless reporting in   
   2012,” BPI said in a statement. “This agreement provides us with   
   a strong foundation on which to grow the business, while   
   allowing us to remain focused on achieving the vision of the   
   Roth and BPI family.”   
      
   ABC News never retracted its reporting on the so-called “pink   
   slime” product, which can still be accessed on its website. None   
   of its employees that participated in the report were   
   disciplined for their role in the story.   
      
   http://www.foxbusiness.com/markets/2017/08/09/abcs-pink-slime-   
   settlement-likely-cost-disney-177m.html   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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