On Monday, Fox Corporation's shares experienced a decline subsequent to the announcement by Fox News of the departure of longtime host Tucker Carlson.
As of 1 p.m., the class A stock of the company had dropped by approximately 3.6%, declining from just under $34 per share to below $32, while the class B stock had fallen by around 3.4%, decreasing from $31 to $29.
Fox announced Monday that they and Carlson had “mutually agreed” to go separate ways, effective immediately. After hosting his final show last Friday, Tucker Carlson's position will be temporarily filled by rotating hosts until a suitable replacement is selected.
Over the weekend, Tucker Carlson described the battle between good and evil in our country.
We need more of this. pic.twitter.com/koeaBFYLBq
— LifeNews.com (@LifeNewsHQ) April 24, 2023
Fox's recent agreement to pay a settlement of $787.5 million to Dominion Voting Systems in response to defamation charges was followed by the departure of Tucker Carlson and the subsequent decline in the company's stock value.
Following the sudden news of Tucker Carlson's departure, there was an additional report that Don Lemon, a longtime host at CNN, would also be leaving the network.
There is no clear explanation for Tucker Carlson's sudden departure from Fox News, leading to a great deal of speculation that a larger scandal may be the cause, one that warrants severing ties with the network's biggest star without allowing him the opportunity to say goodbye. This uncertainty has left many wondering what the future holds for both Carlson and for Fox News in the wake of his departure.
The absence of any concrete details regarding Carlson's exit has fueled intense speculation in media circles, with some pundits suggesting that his departure may be related to the network's recent settlement with Dominion Voting Systems over defamation charges. Others have pointed to a recent controversy over Carlson's alleged "replacement theory" comments as a possible reason for his departure. Regardless of the cause, Carlson's exit will undoubtedly have a significant impact on Fox News, and it remains to be seen how the network will move forward without its marquee host.
Tucker Carlson just said this a few weeks ago. He was too real for cable TV. pic.twitter.com/EWHTxrcGNt
— An0maly (@LegendaryEnergy) April 24, 2023
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