Following Tucker Carlson’s surprising departure from Fox News, the news channel has faced some consequences for letting go their most popular host. Fans of Carlson began canceling their subscriptions to Fox Nation.
It is apparent many people only consumed media from Fox News because of Tucker Carlson. Social media users took to Twitter, voicing their anger with Fox News showing screenshots of their Fox Nation subscription cancelations. Michelle Maxwell said, Just canceled my #FoxNation subscription! FU @FoxNews #TuckerCarlson was the only reason I still watched!!”
Just canceled my #FoxNation subscription! FU @FoxNews #TuckerCarlson was the only reason I still watched!! pic.twitter.com/SWt1tRjUbu
— Michelle Maxwell (@MichelleMaxwell) April 24, 2023
Another user said, “Just canceled my Fox Nation subscription. No point in having it w/o Tucker Carlson Originals. #FoxNation #FoxNews #TuckerCarlson.”
Just canceled my Fox Nation subscription. No point in having it w/o Tucker Carlson Originals. #FoxNation #FoxNews #TuckerCarlson pic.twitter.com/GWxU0Ywwzx
— Mel (@Villgecrazylady) April 24, 2023
subscription. Can’t wait to see where Tucker Carlson lands. @FoxNews @TuckerCarlson #CancelFoxNation.”
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.
Mr. Carlson’s last program was Friday April 21st. Fox News Tonight will air live at 8 PM/ET starting this evening as an interim show helmed by rotating FOX News personalities until a new host is named.
FOX News Media operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Digital, FOX News Audio, FOX News Books, the direct-to-consumer streaming services FOX Nation and FOX News International and the free ad-supported television service FOX Weather. Currently the number one cable network, FNC has been the most watched television news channel for more than 21 consecutive years, while FBN ranks among the top business channels on cable. Fox Corporation owns FOX News Media, which reaches nearly 200 million people monthly.
The financial consequences of parting ways with Tucker are already being felt, as the company has lost nearly a billion dollars in market value since Carlson’s departure. According to reports from Business Insider:
Fox Corporation stock fell as much as 5% on Monday and erased $962 million in market value after it was announced that Fox News Media had parted ways with its host Tucker Carlson.
Class A shares of the media company recovered slightly and were trading at $32.65, down almost 3% at 1:32 p.m. ET.
The American Tribune further reported on the financial turbulence:
Over the past month, the cable news network’s stock, Fox Corp Class A, hovered around $34 a share. Following the announcement, however, the stock plummeted to about $32 a share before recovering slightly, as reported by Business Insider. In addition, Fox Corp Class B stock hovered around $31 a share before falling to $29 a share in yesterday’s mid-morning trading hours.
While the announcement has hit Fox News and its stock, some think it might be good for Tucker and help him break free from the shackles of the corporate press. Megyn Kelly, for instance, said, “I firmly believe Tucker will be better off. I think these cable networks are dinosaurs … getting out under the thumb of the big corporate management is a blessing. It is a blessing and I know he’s smart enough to know that.”
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