Fox Corporation’s stock dropped 5% after Fox News announced Tucker Carlson’s exit from the organization.
Tucker Carlson’s show was the “highest-rated program in cable news in the younger 25-54 demo, averaging 3.2 million viewers, 443,000 in the demo and 299,000 in the 18-49 category,” Fox News said.
Prior to Tucker Carlson’s departure, Fox News shares rose 0.3%.
Reporting from The Washington Examiner:
Last week, another popular figure at Fox, Dan Bongino, announced he and Fox failed to come to an agreement for a contract extension. The reason why Carlson and Fox parted ways is still unclear, and he has not released a statement.
