Fox News facing setback after prime-time host quits: report
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New York: Fox New is still reeling from the impact of its prime-time host Tucker Carlson’s exist, reports Bloomberg.
The network’s shares sank with burning a hole of worth more than $ 500 million, as per stock indications.
Tucker Carlson, with his acerbic criticism and riveting comments, has been the major face of the Fox News, with millions across the world watching his show.
As an immediate impact of his departure, the parent company of the network suffered a dip of 5.4% in Class A shares on Monday, before reeling in losses to 2.9 per cent.
Carlson’s departure comes days after Fox News agreed to pay $787 million to settle a defamation suit.
Meanwhile, KeyBanc Capital Markets analyst Brandon Nispel said that it will take time for Fox News to recover its stocks as it is now in a rebuilding mode.
Tucker Carlson Tonight remains the top rated prime-time show on cable TV attracting over 3.7 million viewers, according to the most recent Nielsen ratings.
Brandon Nispel pinned the hope of channel regaining its viewership on finding a replacement host.
As speculation are rife about where next Carlson will land, it is not yet known if he has any plans to join other networks.