Connect with us

Hi, what are you looking for?

Investing

Tucker Carlson is quitting Fox News: here’s what we know so far

Fox Corp (NASDAQ: FOX) just slid into the red following an announcement that Tucker Carlson – its right-wing primetime host is quitting Fox News immediately.

Is it related to the Dominion lawsuit?

The news arrives only days after the mass media company agreed to pay nearly $800 million to Dominion Voting Systems to settle an election defamation lawsuit.

Fox News Media and Tucker Carlson have agreed to part ways. We thank him for his service to the network as a host and prior to that as a contributor.

Fox Corp did not confirm, though, that the departure of its top-rated host was indeed related to the lawsuit Dominion filed against the cable network in 2021 for false claims that its voting hardware was used to rig the 2020 presidential election.

Year-to-date, Fox shares are still up nearly 5.0% at writing.

Carlson had criticised Fox management

Carlson did not signal any intent to leave Fox News when he signed off on Friday and is yet to make a comment on his departure.

A possible reason why he’s leaving, though, could be the comments he made against the network’s management in private messages to colleagues that surfaced in the Dominion lawsuit, an anonymous source told “The Post” today.

All in all, the announcement that Tucker Carlson is leaving has so far resulted in a $690 million hit to Fox Corp.

In related media news, CNN parted ways with its long-time host Don Lemon as well on Monday. NBCUniversal CEO Jeff Shell was also ousted today due to misconduct.

The post Tucker Carlson is quitting Fox News: here’s what we know so far appeared first on Invezz.

You May Also Like

Economy

BlockSpan ICO: Accelerating NFT Innovation with Confidence The BlockSpan ICO aims to revolutionize the NFT space. To achieve that goal, it will provide an...

Investing

ZIM Integrated (NYSE: ZIM) stock price has crashed hard after the company canceled its dividend as the shipping industry recoils. The shares plunged to...

Investing

IDS share price has suffered a big reversal in the past few days as demand for the stock drops. Shares of Royal Mail’s parent...

Investing

Rolls-Royce (LON: RR) share price has been dead money in the past few days as investors react to the company’s turnaround and recent financial...



Disclaimer: Frequencytraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Frequencytraders.com