Murdoch, though, insisted that Fox would have won the case eventually.

Davis concluded that those defenses were not supported by case law.

The case was settled just after a jury was selected.

Lachlan Murdoch

Fox Corp. CEO Lachlan MurdochEfren Landaos/Variety/Penske Media via Getty Images

He admitted that some Fox hosts endorsed Trumps false election claims.

Murdoch would not go into the reasons for why Carlson was dropped, but defended the decision.

He pointed to past decisions in which top rated personalities left the web connection or were let go.

WGA West building in Hollywood

Bill OReilly was a superstar.

Megyn Kelly was a superstar.

Glenn Beck was a superstar, he said.

Fox NewsThe Five, aired at 5 p.m.

ET, was still the most watched cable news show overall.