Fox Corporation loses $1 billion in stock value after Tucker Carlson exit

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Fox Corporation loses $1 billion in stock value after Tucker Carlson exit
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The parent company of Fox News, which also owns branded entertainment and sports entities, saw its stock drop more than 5% in value in the minutes after the unexpected announcement.

Mr. Carlson had been the network’s most popular individual host — only “The Five” bested “Tucker Carlson Tonight” in the ratings last year and sometimes Mr. Carlson’s 8 p.m. show would edge out the 5 p.m. panel program., and neither the network nor Mr.

Carlson had specified the reason for their parting by late Monday afternoon.paying nearly $800 million to settle a defamation suit by Dominion Voting Systems for claims made by Mr. Carlson and others about voter fraud in the 2020 presidential election.

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