ABC’s ‘Pink Slime’ Report Tied to $177 Million in Settlement Costs - The New York Times

ABC’s ‘Pink Slime’ Report Tied to $177 Million in Settlement Costs - The New York Times:
"The Walt Disney Company said in its latest quarterly financial statement that it had $177 million in costs related to settling litigation.
The announcement came just weeks after ABC News, a Disney unit, reached a settlement with a meat producer that accused the network of defamation for its reports about so-called pink slime, a processed beef product used as low-cost filler.
...on Thursday, Dan K. Webb, a lawyer who represented Beef Products in the trial, said the settlement was higher.
“As Disney disclosed, $177 million is not the total settlement amount. 
Based on Disney’s disclosure, it appears that Disney is funding $177 million of the settlement and its insurers are paying the rest,” he said in a statement emailed by a spokesman.
...Beef Products said a report in 2012 by Jim Avila, an ABC News correspondent, misled consumers about the safety of the product, which is officially known as “lean finely textured beef.”
The company had sought $1.9 billion in damages, but the figure could have grown to as much as $5.7 billion under a South Dakota law..."
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