💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Fox Corporation shares slide after parting ways with Tucker Carlson

Published 25/04/2023, 04:24 am
© Reuters.
FOX
-

Fox Corp (NASDAQ:FOX) shares tumbled Monday after the company and host Tucker Carlson "agreed to part ways."

Shares of the media company are down 3% at the time of writing, trading around the $29.90 mark, adding to its more than 16% decline in the last 12 months. The stock initially hit a low of $29.27 per share on the news.

While Fox did not provide an explanation on why Carlson is leaving, it said his last program was on Friday, April 21st.

The announcement comes just a few days after Fox News' parent company settled a defamation lawsuit by Dominion Voting Systems' defamation for $787.5 million.

"We thank him for his service to the network as a host and prior to that as a contributor," Fox said in its statement. "Mr. Carlson's last program was Friday April 21st. Fox News Tonight will air live at 8 PM/ET starting this evening as an interim show helmed by rotating FOX News personalities until a new host is named."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.