TUCKER IS BAAAAACK!
AENN
Fox lost $800 million in value after announcing Tucker Carlson’s departure
BY AIMEE PICCHI
UPDATED ON: APRIL 26, 2023 / 11:13 AM / MONEYWATCH
Fox Corporation’s worth as a public company has sunk more than $800 million after the media company on Monday announced that it is parting ways with star host Tucker Carlson, raising questions about the future of Fox News and the future of the conservative network’s prime time lineup.
Carlson, whose last show was on Friday, April 21, is leaving Fox News even as he remains a top-rated host for the network, drawing 334,000 viewers in the coveted 25- to 54-year-old demographic in the 8 p.m. slot for the week ended April 20, according to AdWeek. That was more than twice the audience of his competitors at CNN and MSNBC in the same hour, and also represented a bigger audience than other Fox News hosts such as Sean Hannity or Laura Ingraham.
Shares of Fox dropped to a low of $29.27 on Monday, a decline of 5.2%, representing a loss in market value of more than $800 million, before rebounding slightly later in the day. Shares also fell slightly on Tuesday, but the stock regained ground on Wednesday, rising 28 cents, or almost 1%, to $30.
Almost 9 million views in 90 minutes. Do you think he’ll be able to successfully go independent? https://t.co/EV4hql83GQ
— Socialism Creates Suffering (@TwoAForever) April 27, 2023
