Fox Corp’s Value Plunges $507M Following Tucker Carlson’s Shock Exit

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Fox Corporation shares suffered a sharp drop on Monday after the shock announcement that star host Tucker Carlson wouldbe leaving Fox News. The company’s stock tumbled as much as 5.4 percent early Monday afternoon, at one point trading at $29.27 per share, according to Markets Insider. Class A shares bounced back slightly and were down around 3 percent by the time markets closed on Monday afternoon, CBS News reported.

In a terse statement dropped without warning on Monday, the network said that leadership and Carlson had mutually “agreed” to part ways. “We thank him for his service to the network as a host and prior to that as a contributor,” the statement continued. “Mr. Carlson’s last program was Friday April 21st.” Carlson was one of American television’s most-watched personalities, frequently drawing more than 3 million viewers to his show Tucker Carlson Tonight. Read more at Bloomberg News.


4 COMMENTS

  1. “Fox fires Tucker Carlson five days after he crosses the red line by acknowledging that the TV networks pushed a deadly and ineffective vaccine to please their Pharma advertisers. Carlson’s breathtakingly courageous April 19 monologue broke TV’s two biggest rules: Tucker told the truth about how greedy Pharma advertisers controlled TV news content and he lambasted obsequious newscasters for promoting jabs they knew to be lethal and worthless. For many years, Tucker has had the nation’s biggest audience averaging 3.5 million — 10 times the size of CNN. Fox just demonstrated the terrifying power of Big Pharma.” – Robert F. Kennedy Jr

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