The departure of the top-rated star, whose final show was on Friday, raises questions about the future of Fox News.
Fox Corporation's worth as a public company has sunk more than $500 million after the media company on Monday announced that it iswith star host Tucker Carlson, raising questions about the future of Fox News and the future of the conservative network's prime time lineup.
Shares of Fox dropped 17 cents, or 0.6%, on Tuesday to $29.74. Since the close of trading on Friday, the stock has declined 3.5%.with Dominion Voting Systems, which had sued the company in a $1.6 billion defamation case over the network's coverage of the 2020 presidential election. He added,"Intermediate to longer term, perhaps [there is] some financial impact depending on who takes Carlson's place and their success, or lack thereof."
The programming change may be due to the need for Fox News to attract more mainstream advertisers, noted Huber Research analyst Doug Arthur in a research note. Advertising at Fox's cable networks had been"weak/disappointing" despite its dominance in ratings, he added.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tucker Carlson Out at FOX 'News': Final Show Was This Past FridayTucker Carlson and FOX 'News' have officially parted ways, with the controversial primetime host's final show airing this past Friday. / TuckerCarlson FOXNews RupertMurdoch
Read more »
Fox News, Tucker Carlson part ways days after Fox settles Dominion lawsuitFox News Media and Tucker Carlson have agreed to part ways, the media company said in a statement on Monday, less than a week after Fox News and parent company Fox Corp settled a defamation lawsuit by Dominion Voting Systems for $787.5 million.
Read more »
Tucker Carlson Is No Longer at Fox News, Company SaysFox News’s primetime lineup host, Tucker Carlson is no longer part of the company.
Read more »
Biden Announces 2024 CampaignPresident Joe Biden announced his 2024 presidential re-election campaign on Tuesday. See the potential biases and similarities in reports from huffpost, foxnews and newsnation:
Read more »