Days after coughing up $787 million to settle settle a defamation suit against Dominion Voting Systems that questioned its 2020 election coverage its star anchor Tucker Carlson’s exit has costed Rupert Murdoch $690 million.
Soon after Fox News confirmed Tucker Carlson’s exit from the TV news channel company’s shares tanked as much as 5.4% Monday, the most since October. The lost value is being equalled to $690 million. “We thank him for his service to the network as a host and prior to that as a contributor,” the press release from the network said.
According to a Bloomberg report, on Monday morning in United States “after speculation over Carlson’s next landing spot spread, investors snapped up shares of Rumble Inc., the Peter Thiel-backed conservative video network, and Digital World Acquisition Corp., the special-purpose acquisition company merging with Trump Media. Both stocks erased declines, with Rumble stock rallying as much as 3.9%, while Digital World gained 2.2%.”
R&I – TP
Mariam