The Fox Corporation faces serious trouble after facing financial backlash after their decision to part ways with the former primetime host Tucker Carlson.
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The corporation suffered a loss of $50 million in its first earnings report since its split with Carlson on April 24, while market capitalization fell by $1.36 billion since last month. Stocks are also down by 4.08 percent from $30.82 on April 21, closing at $29.56 on May 8.
Fox News’ viewership has taken a huge hit, with Carlson’s former television slot attracting an audience of 90,000 on May 5. Carlson’s final show attracted nearly three million viewers, according to trade publication Adweek.
Although the reasoning behind the split between Fox and Carlson has not been confirmed,
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