Analysts are torn on how Fox News' ratings will be affected after Tucker Carlson's ousting craters the company's stock
But financial analysts are torn about the impact Carlson's departure will have on Fox Corporation's stock — which lost aboutafter news broke of the departure. Fox Corp.'s Class A shares were down 5.4% Monday and pared losses to close 2.9% lower.
"Fox Cable News is now in rebuilding mode, and it will likely take time for the stock to recover," Brandon Nispel, an analyst at KeyBanc Capital Markets, ."With the advertising upfronts right around the corner in May, we wonder what Fox is going to tell advertisers and how it will fill the gap in terms of programming and viewership," he added.that Carlson's exit is"definitely going to leave a mark on Fox."Joseph Bonner, a senior securities analyst at Argus Research, toldthat Carlson's ouster may have a minimal impact on Fox in the short term, as advertisers usually book their advertisement slots in advance.
However, he also said that in the intermediate to longer term, there could be"some financial impact depending on who takes Carlson's place and their success, or lack thereof." Carlson's exit from the network was so swift that the host only knew about his departure 10 minutes before the network made the announcement, according to various media reports, including
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