"The US President has confirmed he is suing the BBC for $10 billion which has been described as a "bankrupting number" a commentator told GB News. The Late Show Live, Thomas Corbett-Dillon told GB News this will be devastating for the BBC "even if they paid half" of the money. Trump is accusing the BBC of defamation and breaching Florida's Deceptive and Unfair Trade Practices Act, he is seeking $5 billion per alleged offence committed."
"Corbett-Dillon told GB News: "It's interesting - that is a big number, and these are American numbers. "If it was for something like CBS, they would be like, okay, fine, we can do that. To the BBC, this is a bankrupting number if they even have to pay half of this. BBC told not to use taxpayer money to settle Trump's legal case""
"He stated: "I don't know what reserves they've got, but I doubt it's anywhere near a billion, they haven't turned a profit in however long. GB News host said that the BBC "doesn't have $5 billion so there's no point in going to $10billion. "It works out at about A33.7billion, and it would be devastating if it was to get anywhere near that.""
The US President has filed a $10 billion lawsuit against the BBC alleging defamation and breaches of Florida's Deceptive and Unfair Trade Practices Act, seeking $5 billion per alleged offence. The claim size was described as potentially bankrupting for the BBC, with suggestions that even half the amount would be devastating. Concerns were raised about the BBC's financial reserves and long-term profitability, with calculations putting the sum at about A33.7 billion. The BBC is reported to be scrutinising finances and preparing legal defence while public commentary includes calls for apology or settlement to resolve the dispute.
Read at London Business News | Londonlovesbusiness.com
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