Tucker Carlson’s Fox News Exit Erases $507 Million in Value
- Class A shares in Fox Corp. tumble as much as 5.4% Monday
- Carlson Tonight had an audience of over 3.7 million at times
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Tucker Carlson, one of the most popular Fox News prime-time hosts, was worth more than $500 million to the parent company. At least that is what trading in the stock indicates.
Class A shares of Fox Corp. sank as much as 5.4% Monday, before trimming losses to 2.9%, after the company said Carlson had left with immediate effect. The departure comes just days after the network agreed to pay $787 million to settle a defamation suit brought by Dominion Voting Systems Inc.