Fox settlement a 'big step forward in democracy,' Dominion CEO says in exclusive ABC News interview

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'I think that it's a big step forward in democracy if our system can send a signal that if media companies lie ... and they do so knowingly, they will be prepared to pay a very high price,' Dominion Voting Systems CEO John Poulos tells GStephanopoulos.

This artist sketch depicts Dominion Voting Systems attorney Justin Nelson, left, conferring with Fox News attorney Daniel Webb, as the lawyers waited in Delaware Superior Court Tuesday afternoon, April 18, 2023, in Wilmington, Del.

A representative of Fox News carries as box as they arrive at the justice center in Wilmington, Del., for the Dominion Voting Systems' defamation lawsuit against Fox News, Tuesday, April 18, 2023.Fox agreed to a $787.5 million settlement in the suit, which had sought $1.6 billion in damages. The suit had accused Fox News of recklessly airing false election claims and conspiracy theories in the wake of the 2020 presidential election.

This artist sketch depicts Dominion Voting Systems attorney Justin Nelson, left, conferring with Fox News attorney Daniel Webb, as the lawyers waited in Delaware Superior Court Tuesday afternoon, April 18, 2023, in Wilmington, Del.Speaking outside the courtroom on Tuesday after the settlement was announced, Poulos said that Fox had "admitted to telling lies about Dominion," although itwhether Fox officials had agreed in the settlement to make such an admission.

Fox News said in a statement after the agreement was announced that it was "pleased" to have reach the settlement.

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