Fox News’s stock fell by nearly $1 billion since the network announced its surprise departure of host Tucker Carlson.
On Monday, Fox Corporation’s stock dropped five percent, or $962 million in market value, according to Business Insider.
Henry Rodgers, the Chief National Correspondent for the Daily Caller, shared a screenshot of the market summary for the Fox Corporation on Monday, just minutes after the shocking news of Carlson’s departure broke.
“Appears Fox stock is crashing after announcing Tucker Carlson’s show is over,” Rodgers tweeted.
Sara Fischer, senior media reporter for Axios, tweeted that Carlson and Fox News had “agreed to part ways.”
Carlson’s show, “Tucker Carlson Tonight,” which averaged 3.303 million views in February, last aired on Friday, April 21.
Per a Fox News statement attached to Fischer’s tweet, it was revealed that Fox News Tonight would air live as an “interim show helmed by rotating FOX News personalities until a new host is named.”
The shocking announcement of the departure between Fox News and Carlson comes one week after the company settled a $787.5 million defamation suit with Dominion Voting Systems, allegedly over the network’s coverage of discrepancies that occurred during the 2020 presidential election.
Carlson’s segment was wildly popular with conservatives. He recently interviewed President Trump and led a team that sifted through thousands of hours of surveillance footage from the U.S. Capitol on Jan. 6, 2021, revealing truths behind the media’s narratives surrounding the day.