
On Monday, in a truly shocking move, Tucker Carlson was fired from Fox Newsโor as the official statement claims: Tucker Carlson and Fox News have โagreed to part ways.โ
This is indeed a shocking development because Tuckerโs show was far and above the most popular program on Fox.
And actually, it was one of the most popular news programs on cable TV.
Furthermore, financially this is going to hurt Fox News quite a bit. Not only did Tuckerโs show bring in $77 million in advertising per year, but also, right after his departure was announced, Foxโs share price tanked. Within a matter of hours, they lost close to a billion dollars worth of market cap. Eventually, it bounced back a little bit, but as of this episode, itโs still down by about half a billion dollars.
Regardless, the big $900 million question thatโs still hanging in the air is: why? Why exactly did Tucker Carlson get fired? And why was it done so abruptly?