The news just keeps getting worse for Fox News. OPINION: This article may contain commentary which reflects the author’s opinion. Wells Fargo has downgraded Fox Corporation’s stock from Equal Weight to Underweight due to recent developments in Fox News viewership. The departure of Tucker Carlson in April has notably contributed to a decline in viewership, prompting analyst Steve Cahall to emphasize the “ecosystem risks” associated with Fox News as a significant factor in the decision to downgrade. “Fox’s earnings are mostly Fox News earnings, and Fox News is facing viewership and share pressures,” Cahall noted. He also highlighted the impact…
Author: J.D. Heyes
J.D. Heyes
J.D. Heyes is the editor-in-chief for USA Journal News. He has written online extensively, most recently for NewsTarget for many years.