Budweiser for weeks has been the laughing stock of everyone losing billions of dollars in market value after partnering with Dylan Mulvaney. Fox News today told Budweiser to “hold their beer”. Today, Fox News corporation lost nearly a billion in market value after announcing Tucker Carlson is leaving the CNN Lite network.
Just as the case is with Budweiser not caring about their client base, Fox News apparently doesn’t care about ratings anymore. Tucker Carlson was the highest rated show on the network, far outpacing phony RINOs like Sean Hannity and Laura Ingraham. So who did they replace Tucker Carlson tonight with? None other than slimy hack Brian Kilmeade and Ukraine lapel pin. What a joke.
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 split between Carlson and Fox News comes just one week after the company settled a defamation lawsuit with Dominion Voting Systems for $787.5 million because of the network’s spread of misinformation related to the 2020 US 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 8 p.m. show consistently being the most watched news show on cable TV.