Fox Corporation’s stock lost $1 billion in market capitalization just minutes after news broke that Tucker Carlson departed Fox News.
Fox Corporation, which owns Fox News as well as entertainment television and sports holdings, quickly plunged more than 5% after Fox News announced that Carlson and the media organization had “parted ways.” The announcement came as a surprise and appeared to catch shareholders off guard.
The massive evaporation of value speaks to just how much traffic the 53-year-old host of Tucker Carlson Tonight drove for the network. Fox News recently announced that in the first quarter of 2023, the show was the “highest-rated program in cable news in the younger 25-54 demo, averaging 3.2 million viewers, 443,000 in the demo and 299,000 in the 18-49 category.”Carlson was perhaps Fox News’s single most-recognized anchor.
Fox News recently settled a defamation suit with Dominion Voting Systems for more than $787 million over false claims about voter fraud in the 2020 presidential election. Last week, another popular figure at Fox, Dan Bongino, announced he and Fox failed to come to an agreement for a contract extension.The reason why Carlson and Fox parted ways is still unclear, and he has not released a statement.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Fox News, Tucker Carlson part ways days after Fox settles Dominion lawsuitFox News Media and Tucker Carlson have agreed to part ways, the media company said in a statement on Monday, less than a week after Fox News and parent company Fox Corp settled a defamation lawsuit by Dominion Voting Systems for $787.5 million.
Les mer »
Fox News stock loses $930 million in market value after Tucker Carlson exitFox Corporation sheds $930 million in market value after announcing Tucker Carlson is leaving the news network
Les mer »
Fox News' stock drops following Tucker Carlson's exitCarlson frequently ranked among the most-watched cable news show prior to the network's announcement they would part ways on Monday.
Les mer »
Fox's stock slides 4% on news Tucker Carlson is leaving the networkTucker Carlson is leaving Fox News, according to the network. He was one of several Fox anchors who plugged on air the baseless accusations that Dominion rigged its voting machines in 2020, while behind the scenes agreeing they were untrue.
Les mer »
AOC Calls Out Fox News, Tucker Carlson for 'Incitement of Violence''When you look at what Tucker Carlson and some of these other folks on Fox do, it is very, very clearly incitement of violence.'
Les mer »