The Briefing Room

General Category => Economy/Business => Topic started by: mystery-ak on November 12, 2020, 03:52:17 PM

Title: Fox Corp. tumbles 6% as President Trump retweets support for rival networks Newsmax and OANN
Post by: mystery-ak on November 12, 2020, 03:52:17 PM

Fox Corp. tumbles 6% as President Trump retweets support for rival networks Newsmax and OANN
Matthew Fox
Nov. 12, 2020, 08:15 PM

Fox Corp. tumbled as much as 6% on Thursday as President Donald Trump retweeted support for its rival right-leaning news networks Newsmax and OANN.

Trump and his supporters have been irritated by Fox News ever since the network called the state of Arizona for President-elect Joe Biden on the night of the presidential election.

And with a Biden presidency slated for 2021, Trump could have his eyes set on creating his own news network to directly compete with Fox, according to Axios.

"@FoxNews daytime ratings have completely collapsed. Weekend daytime even WORSE. Very sad to watch this happen, but they forgot what made them successful, what got them there..." Trump tweeted on Thursday.

Class A shares of Fox News parent-company Fox Corp. dropped as much as 6% on Thursday as President Donald Trump retweeted support for its rival right-leaning news networks Newsmax and OANN.

Some of Trump's Thursday retweets include: "#FoxNews is dead," "Fox has been completely unfair and untruthful. Moving to Newsmax," and "Newsmax and Oann are great alternatives [to Fox News]."

more
https://markets.businessinsider.com/news/stocks/fox-stock-price-president-trump-retweets-support-for-rival-networks-2020-11-1029798530
Title: Re: Fox Corp. tumbles 6% as President Trump retweets support for rival networks Newsmax and OANN
Post by: IsailedawayfromFR on November 12, 2020, 08:05:44 PM
This will be certainly reflected by fees paid by advertisers.

Conservative companies will pull the ad revenues from Fox and liberals, well, they already place ads on MSNBC and CNN.

Fox will dry up.
Title: Re: Fox Corp. tumbles 6% as President Trump retweets support for rival networks Newsmax and OANN
Post by: catfish1957 on November 13, 2020, 12:02:00 PM
Can you imagine Fox revenue status if My Pillow pulled up stakes?  It could happen.
Title: Re: Fox Corp. tumbles 6% as President Trump retweets support for rival networks Newsmax and OANN
Post by: dfwgator on November 13, 2020, 12:06:57 PM
DIE FOX DIE!
Title: Re: Fox Corp. tumbles 6% as President Trump retweets support for rival networks Newsmax and OANN
Post by: Hoodat on November 13, 2020, 12:48:08 PM
This will be certainly reflected by fees paid by advertisers.

Conservative companies will pull the ad revenues from Fox and liberals, well, they already place ads on MSNBC and CNN.

Fox will dry up.

Either way, it is a win-win for the left.  If Fox stays on-air, their viewers get indoctrinated with leftist propaganda.  If they fold, then the left succeeded in destroying Fox.  But the part they don't get is that another will rise to replace it.  For now, that's OAN.  And with a second Trump administration, they may find their seats at White House press briefings get swapped with Fox.  OAN to the front, and Fox to the back row.
Title: Re: Fox Corp. tumbles 6% as President Trump retweets support for rival networks Newsmax and OANN
Post by: 701Cass on November 13, 2020, 01:12:03 PM
Can you imagine Fox revenue status if My Pillow pulled up stakes?  It could happen.

I see he's on Newsmax now.
Title: Re: Fox Corp. tumbles 6% as President Trump retweets support for rival networks Newsmax and OANN
Post by: dfwgator on November 13, 2020, 01:26:57 PM
Either way, it is a win-win for the left.  If Fox stays on-air, their viewers get indoctrinated with leftist propaganda.  If they fold, then the left succeeded in destroying Fox.  But the part they don't get is that another will rise to replace it.  For now, that's OAN.  And with a second Trump administration, they may find their seats at White House press briefings get swapped with Fox.  OAN to the front, and Fox to the back row.

It's important to dump Fox, because that shows that the Republican electorate is not interested in the GOP becoming the "Kinder, Gentler" Bushie Party again.
Title: Re: Fox Corp. tumbles 6% as President Trump retweets support for rival networks Newsmax and OANN
Post by: Victoria33 on November 13, 2020, 01:31:07 PM
 :bkmk: