Earlier today FOX News announced that the channel was parting ways with Tucker Carlson, the top-rated cable news host on television today.
Following the news, FOX Corp stock took a nosedive.
Tucker Carlson Tonight was the most-watched shows on American cable news since its start in 2016.
Henry Rodgers, the Chief National Correspondent for the Daily Caller tweeted that, following the news of Tucker’s departure, the network’s stock price crashed.
FOX Corp stock is down nearly 4% today.
Within 30 minutes following the announcement of Carlson’s departure, Class A shares of Fox Corporation dropped as much as 5.6%. The net worth of Rupert Murdoch, FOX Corp’s executive chairman, also slid by $182 million.
Tucker’s last show aired on Friday, April 21st.
This comes less than a week after FOX News settled with Dominion Voting Systems for $787.5 million in a defamation lawsuit over the network’s reporting on election fraud.
It’s unclear how the powers that be at FOX arrived at the conclusion that going broke would help them with the nearly $800 million they owe Dominion Voting Systems.
We’ll have to see how this plays out.
