This past Monday, we learned that Fox News had “parted ways” with its biggest name, Tucker Carlson. Carlson’s show was the biggest in his time slot. He might have been the most popular host on the network. Viewers loved him, not only because he was conservative, but because he reported on stories that even other conservative journalists shied away from.
Perhaps that’s why Fox News canned him.
The parting of the ways seemed sudden. Tucker didn’t even have a “last show” to say farewell to his viewers. Nobody seems happy that the network ditched their biggest draw. And it seems they are already regretting it.
Fox Corporation’s stock plummeted as much as 5 percent on Monday, wiping out $930 million in market value following the announcement that Fox News had parted ways with primetime host Tucker Carlson. [Source: The Post Millennial]
Well, look at that! It doesn’t seem like investors appreciated the news that Fox was getting rid of its biggest host. The company lost nearly $1 billion dollars minutes after the news came out. We shouldn’t be surprised by that at all.
The reason for this development has not been revealed to the public. We can speculate all we want, but we can conclude it was not a good decision by Fox News. A drop in stock value signals people doubt the future of the company. And if they needed any other proof, here is more. Customers are already fleeing.
Angry viewers dropped their subscriptions in the wake of him being shown the door from the network and his own show…
“I just cancelled my Fox Nation subscription with the note: ‘No Tucker Carlson, no Fox Nation subscription. Goodbye.’ Who is doing the same?” Scott Morefield tweeted out as a challenge to others. [Source: Breitbart]
Huh. Customers started dumping their Fox Nation subscriptions soon after learning Tucker Carlson was gone. Fox Nation is the network’s paid video service, the provides exclusive content to customers. Carlson himself produced several features for the service.
But with their biggest draw gone, it appears viewers have no reason to keep paying Fox for this service.
This does not bode well for Fox News. With so many alternative sources of quality conservative news available these days, a loss of subscribers could be devastating. No doubt Tucker will come up with a new plan for the future. And bring his viewers with him.
Author: Kit Fargo
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