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Fox Inventory Tumbles as Tucker Carlson to Depart Fox Information

News Room by News Room
Apr 25, 2023 1:23 am EDT
in Investing
Reading Time: 2 mins read
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Fox Corp.
inventory was falling Monday after the media large introduced primetime tv host Tucker Carlson was leaving Fox Information.

“Fox Information Media and Tucker Carlson have agreed to half methods. We thank him for his service to the community as a bunch and previous to that as a contributor,” the corporate mentioned in an announcement Monday.

Carlson’s final program of Tucker Carlson Tonight aired on Friday after first hitting the display screen in 2016. Carlson had mentioned on his present Friday that he can be again on Monday. Fox Information Tonight will air reside Monday night time as an interim present helmed by rotating Fox Information personalities till a brand new host is known as, the corporate added.

The rationale for his departure wasn’t disclosed.

Carlson’s departure follows
Fox Corp.’s
(ticker: FOXA) settlement final week of a lawsuit with Dominion Voting Programs’ over defamation expenses. Fox paid $787.5 million within the settlement, making it the most important publicly identified media agency defamation settlement in U.S. historical past.

In the course of the Dominion lawsuit, a lot of Carlson’s personal texts grew to become public. These texts revealed contradictions between what was mentioned on air and what Carlson mentioned in personal relating to the 2020 presidential election, the occasions on Jan. 6, 2021, and his opinions on Donald Trump, the previous president.

Shares of Fox had been down 3.5% to $29.75.

Simply after the information of Carlson’s departure from Fox Information, CNN host Don Lemon introduced on Twitter that he was fired from the community.

CNN’s communications crew confirmed the information on its Twitter account Monday. Lemon joined CNN in 2006.

Write to Angela Palumbo at [email protected]



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