Fox Corp Loses Nearly One Billion In Stock Value After Tucker Carlson Exit
The Pro Trump News homepage has 60 new headlines every 24 hours - click here to see it.
Fox News made a big mistake.
They have lost nearly one billion in stock value since Tucker Carlson’s exit.
The Washington Times reported:
Fox Corporation took a major financial hit upon Monday’s sudden announcement that Fox News and primetime host Tucker Carlson had “parted ways.”
The parent company of Fox News, which also owns branded entertainment and sports entities, saw its stock drop more than 5% in value in the minutes after the unexpected announcement.
According to the Washington Examiner, that decline in stock value is worth more than $1 billion.
Fox’s ratings have already seen a drop.
The ratings curve that used to peak for Fox News when Tucker Carlson’s 8 p.m. time slot came around cratered Monday night as viewers used their clickers to react to Carlson’s abrupt firing.
Fox announced Monday that Carlson was no longer with the network and that for the time being, rotating hosts will fill his spot.
With Brian Kilmeade taking the first show, viewers apparently decided they were not curious enough about what the program might hold to tune in and find out.
Fox’s 8 p.m. time slot, which attracted 3.2 million viewers the Monday before Carlson was forced to walk the plank, garnered 2.6 million yesterday, according to Mediaite. That was still good enough to take first place in the time slot.
Without Carlson to draw viewers in, Fox lost the 9 p.m. time slot to MSNBC, as Sean Hannity’s 2.5 million viewers were eclipsed by the 2.7 million who tuned in to see Rachel Maddow.
Advertisement
