Key takeaways:
- Fox Corporation’s stock dropped more than $500 million after the departure of star host Tucker Carlson.
- Carlson was known for pushing racist, misogynistic and xenophobic talking points on his show.
- Fox Corporation’s stock dropped 17 cents, or 0.6%, on Monday following the announcement.
Fox Corporation’s stock has dropped more than $500 million after the media company announced the departure of star host Tucker Carlson. Carlson, who had been with Fox News for over a decade, was known for pushing racist, misogynistic and xenophobic talking points on his show.
Former President Donald Trump had kind words for Carlson, calling him “a very good person and a very good man and very talented” and “especially over the last year or so, he’s been terrific to me.”
Carlson’s last show was on Friday, April 21, and he was still 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.
The departure of Carlson has raised questions about the future of Fox News and the future of the conservative network’s prime time lineup. Fox Corporation’s stock dropped 17 cents, or 0.6%, on Monday following the announcement.
It remains to be seen how Fox News will adjust to the departure of Carlson and what the future of the network will look like.
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