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Tucker Carlson out of Fox News

cnn.com | April 25th, 2023

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Short Summaries

Fox News Cuts Ties with Tucker Carlson
Fox News announced on Monday that they have cut ties with Tucker Carlson, the highest-rated host on their network. The decision was made after a monster defamation lawsuit with Dominion Voting Systems for $787.5 million, and allegations of sexism on his show. Carlson promoted conspiracy theories and radical rhetoric. Fox News has announced the departure of top-rated host Tucker Carlson. The move comes after Carlson became a key figure in Dominion’s mammoth defamation lawsuit against Fox News and the revelation of private text messages, which revealed his private views differed from his on-air persona. Tucker Carlson promoted a baseless theory about the Capitol riot being a false-flag operation orchestrated by the FBI and faced demands for retraction. Former producer Cathy Grossberg sued over sexism and harassment allegations. Fox News is fighting both lawsuits. Fox Corp. stock fell 5% on the news.

Fox News Cuts Ties with Dan Bongino
Fox News has cut ties with presenter Tucker Carlson and regular fixture Dan Bongino. A former producer filed a lawsuit against Carlson, citing use of sexist language & sexual harassment. Bongino’s exit from the network was due to a contract dispute.

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Detailed Notes

Fox News Severs Ties with Right-Wing Host Tucker Carlson

•Fox News and Tucker Carlson have parted ways, with the news network announcing his ouster on Monday.

•The network thanked Carlson for his service as a host and contributor but did not provide a reason for his departure.

•Carlson, the highest-rated host on Fox News, has not commented on the matter.

•The decision to sever ties with Carlson was made by Fox Corporation CEO Lachlan Murdoch and Fox News 

CEO Suzanne Scott on Friday.

•The announcement came a week after Fox News settled a defamation lawsuit with Dominion Voting Systems for $787.5 million and after a lawsuit filed by Carlson’s former top booker accused him of sexism on his show.

•During his time on Fox News, Carlson became one of the most influential GOP figures, promoting conspiracy theories and radical rhetoric.

•The Anti-Defamation League praised Fox News’ decision to remove Carlson, citing his promotion of hate speech and bigotry.

•Some Fox News employees celebrated the news, hoping for a culture change within the network.

Tucker Carlson’s departure from Fox News

•Fox News announced that Tucker Carlson’s 8 p.m. time slot will be filled by rotating hosts, after his departure from the network.

•As a result of Carlson’s departure, shares of Fox Corp. fell 5%, despite the stock being up slightly before the announcement.

•Carlson played a key role in Dominion’s mammoth defamation lawsuit against Fox News, which the parties settled last week for a historic $787 million.

•Carlson’s private text messages, which became public as part of the suit, revealed that he privately held a wholly different view than his on-air persona.

•In a series of messages, Carlson criticized pro-Trump lawyer Sidney Powell and disparaged the Fox News network’s leaders. The messages also showed he expressed a strong dislike for former President Donald Trump.

Tucker Carlson’s Disinformation Campaign on the US Capitol Attack and Misogyny in his Show

•Tucker Carlson used his massive platform to promote a baseless theory that the US Capitol attack was orchestrated by the FBI and government agents against Trump and the rioters were themselves victims.

•Carlson repeatedly featured the theory, suggesting that Capitol rioter Ray Epps was an FBI provocateur who sparked the deadly riot.

•Epps demanded a retraction for the false and defamatory statements made about him but Carlson never apologized on-air.

•Carlson’s disinformation campaign reached its apex when he aired never-before-seen footage that Capitol police disputed as selectively edited.

•Fox Corp.’s stock fell 5% after the news.

•Carlson’s former producer sued Fox News, Carlson, and others, alleging rampant sexism and misogyny among Carlson’s show team.

•The lawsuits claim that the executive producer brushed aside the concerns raised by the producer about inappropriate and harassing conduct.

Lawsuit and Departure of Tucker Carlson from Fox News

•Gretchen Carlson’s lawsuit against Fox News and Tucker Carlson cites the latter’s use of derogatory language about women in the workplace.

•Carlson also allegedly displayed sexually suggestive posters in the workplace and made uncomfortable sexual references to coworkers.

•According to Gretchen Carlson, Tucker Carlson and Fox News had significant power and influence within the GOP.

•In addition to Tucker Carlson, Fox News also severed ties with right-wing commentator Dan Bongino over a contract dispute.

•Bongino claimed in a statement that there was no conspiracy or acrimony behind his departure.

Sources of Information for Financial Professionals

•The fair value can be determined using IndexArb.com.

•For information on market holidays and trading hours, Copp Clark Limited is the source to trust.

•Cable News Network, owned by Warner Bros. Discovery Company, provides the latest news and analysis in the financial world.

•CNN Sans ™ & © 2016 Cable News Network, which ensures journalistic integrity and unbiased reporting.

•All the above sources provide a wealth of reliable and essential information to financial professionals.

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