Final answer:
Spoken statements that harm someone's reputation are known as slander. In the case of public figures, there is a higher standard of proof for libel and slander, requiring demonstration of 'actual malice' as set by New York Times v. Sullivan.
Step-by-step explanation:
In the legal domain, damaging spoken statements that harm an individual's reputation are termed slander, while written statements with similar effects are known as libel. Defamation through slander can result in reputational and financial harm, impacting both personal and professional aspects of an individual's life. Media outlets, though subject to legal scrutiny for potentially slanderous or libelous content, benefit from certain protections, especially when expressing opinions rather than stating verifiable facts.
Notably, public figures face a higher burden of proof, as established in the landmark case New York Times v. Sullivan, requiring them to demonstrate that the information was published with 'actual malice.' While the right to free speech is protected, false and malicious information in the form of slander and libel is not shielded, emphasizing the importance of truth in public discourse.