Fox Corporation sheds $930 million in market value after announcing Tucker Carlson is leaving the news network
Shares of the media company recovered slightly and were trading at $29.61, down almost 4% at 12:15 p.m. ET. settled a defamation lawsuit with Dominion Voting Systems for $788 million
due to the network's spread of misinformation related to the 2020 Presidential election and unfounded claims of election fraud. Carlson has long been one of the most popular hosts at Fox News, with the conservative talk show personality's 8pm show consistently being the most watched news show on cable TV.
"FOX News Media and Tucker Carlson have agreed to part ways. We thank him for his service to the network as a host and prior to that as a contributor," The company said it will fill the 8pm hour with a rotation of Fox News personalities until it names a new host.
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Fox News, Tucker Carlson part ways days after Fox settles Dominion lawsuitFox News Media and Tucker Carlson have agreed to part ways, the media company said in a statement on Monday, less than a week after Fox News and parent company Fox Corp settled a defamation lawsuit by Dominion Voting Systems for $787.5 million.
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Tucker Carlson Is Gone From Fox NewsBREAKING | Tucker Carlson and Fox News are parting ways, the network confirmed on Monday. The right-wing host’s final show was Friday.
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Tucker Carlson and Fox News part waysLong-time host Tucker Carlson and Fox News are parting ways.
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