A lot of law suits also award legal fees to the winner. I would think this would be settled for around $1 million to $3 million. The real win is no admission of being culpable of shoddy journalism by the news agency.
If this were a stand alone law suit, 5-10% might be in the range BUT, two law suits based on the same conditions have already been WON by Sandman.
If his lawyers even suggested that they settle for 1% Sandman would have hired Rittenhouse to shoot his lawyers. {just a joke}
When one media group settles it sets the table for both a floor and since they already have money, they are playing with 'house money'.
When the media leaders settle, that is an admission of shoddy journilism, and they only settle to minimize the dollar amount.
If the media thought that they had a chance, they'd take it to trial, and if you settle under duress, the lawyer holding the hammer ain't gonna take 1%.
I doubt that they hit $100 million payout, but somewhere in the 15-25% range is more probable than $1-3 million.
Also remember, it is the insurance companies that get saddled with the actual payout, so they are looking at real dollar damages like they would fire or water damage, once they know they will pay, the only question is how much.
The insurance company doesn't give a fat rat's ass about some nbc executives getting canned.