Fox stock sinks after Tucker Carlson departure

Source: The Hill | April 24, 2023 | Julia Mueller

Shares of Fox Corporation fell Monday after Fox News announced the departure of longtime host Tucker Carlson. 

The company’s class A stock was down roughly 3.6 percent by 1 p.m., falling from close to $34 per share to under $32. Class B stock fell roughly 3.4 percent, from $31 to $29.

The network announced on Monday that Carlson and the network “mutually agreed” to go separate ways, effective immediately. Carlson’s last show was last Friday, and an interim show will be held with rotating hosts until a replacement is found. 


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