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Fox Corporation loses $1 billion in stock value after Tucker Carlson exit

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Fox Corporation took a major financial hit upon Monday’s sudden announcement that Fox News and primetime host Tucker Carlson had “parted ways.”
The parent company of Fox News, which also owns branded entertainment and sports entities, saw its stock drop more than 5% in value in the minutes after the unexpected announcement.
According to the Washington Examiner, that decline in stock value is worth more than $1 billion.

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