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They spent millions in the past establishing that they are entertainment not news and thus cannot be held accountable or some such shit.
And still got sued. https://apnews.com/article/fox-news-dominion-lawsuit-trial-trump-2020-0ac71f75acfacc52ea80b3e747fb0afe
And almost again https://www.cnn.com/2024/04/30/politics/hunter-biden-fox-nation-series-removed/index.html
By voting machine companies.
Lots of people invested in the fact that happened. Trump can blame the government all he wants. As long as he doesn't super obviously foment violence then he's not getting sued.
Same with Fox.
If Fox decides to malign corps or non-public people, then they may be sued. You can lie about the President and DOJ all day without commuting a crime or standing for a lawsuit.
Fox doesn't want to be dragged into that lawsuit for enabling Trump.
And they know that when he gets on one of his rants, it can go off the rails in all sorts of unpredictable (and legally risky) ways.