Don Lemon is out at CNN, fired after he hosted another little-watched program on the former iconic network. Over at Fox, which has real ratings, profits, and followers, Tucker Carlson’s exit impacted the bottom line of the publicly traded media company. A big impact.
Fox Corporation saw its stock price fall 5.4% on news of Carlson’s canning, which shrunk its value by $1 billion. There were no official reports from CNN about the loss of Lemon. Still, you could guess the company’s value rose significantly knowing they could replace him with a likable personality or dropped $20 or $30, depending on how many office supplies Lemon could throw in his box of belongings as he took the walk of shame onto Sixth Avenue.
Fox will face some headwinds after Carlson’s exit. He hosted the highest-ranked program on cable news in the 25-54 demo. He was averaging 3.2 million viewers per night.
No word on where Carlson will surface, though some prominent investors were buying shares of Rumble on Monday. That is the conservative video network funded by Peter Thiel.
Other investors were pouring funds into Digital World Acquisition Corp, a company merging with Trump Media.
All of this comes after Fox settled a huge defamation suit with Dominion Voting Systems, which will set them back almost $800 million.
Add comment