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Tucker Carlson’s Exit Wipes Out $700 Million In Market Value For Fox

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It’s the latest headwind for the cable giant after it agreed to pay nearly $800 million to settle a defamation lawsuit for its coverage of fraud during the 2020 election.

to settle a defamation lawsuit from Dominion Voting Systems after Fox figures including Carlson peddled false claims of fraud in the 2020 election.Class A shares of Fox Corporation slid as much as 5.

6% in the 30 minutes after its news wing announced it immediately “agreed to part ways” with Carlson.The network did not immediately give a reason for Carlson’s departure, but it was a major bombshell considering Carlson’s weeknight program

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