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Backlash Begins: Fox News Stock Takes a Nose Dive After Tucker Carlson Leaves Network

Early on Monday Fox News announced that the network was parting ways with beloved host Tucker Carlson.

The news came as a shock to many across the nation, with many proclaiming their support for Tucker and vowing to follow him wherever he goes.

As fans and critics try to make sense of what happened, Fox News appears to already be feeling backlash from their decision.

Shortly after the announcement about Tucker departing the network, Fox Corp.'s stock began tumbling, wiping out as much as $590 million in value.

Via Fortune:

Tucker Carlson, one of the most popular Fox News prime-time hosts, was worth more than $590 million to the parent company. At least that is what trading in the stock indicates.
Class A shares of Fox Corp. sank as much as 5.4% Monday, the most since October, after the company said Carlson had left with immediate effect. The departure comes just days after the network agreed to pay $787 million to settle a defamation suit brought by Dominion Voting Systems Inc.

Tucker's last show aired Friday, and it appeared as though he had no idea of what was coming based on how he closed out his final show.

“That’s it for us for the week. We’ll be back,” Tucker said.

“We’ll be back on Monday,” he followed up with. “In the meantime, have the best weekend with the ones that you love, and we’ll see you then.”

1 Comment

Bob Wexler
Bob Wexler
Apr 25, 2023

I expect Hannity and Laura to be gone soon too.

And Fox News to become a distant memory soon after. Just like Dumont TVs.

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