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They had the unedited tape and deliberately edited it to change the meaning and cast Zimmerman as a racist.
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I think he has a case, but most likely, NBC will fight a war of attrition and tie it up as long as possible. If something pushes them against the wall, they'll go for an out-of-court settlement with a hefty non-disclosure fee attached. They won't be significantly harmed, and Zimmerman won't be able to speak about it.
It's still a win; it's just not much like justice.