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Fox News Stock Downgraded as Viewership Plummets By HatetheSwamp July 10, 2023 12:07 pm Category: Media (0.0 from 0 votes) Rules of the Post Write A New Article How To Post Here

Wells Fargo analysts downgraded shares of Fox Corporation (NASDAQ:FOXA) to underweight from equal weight on Monday, lowering the price target to $31 from $35 per share.

"Viewership is down -19% Jan-June'23 vs Jan-June'21 due to cord cutting and/or programming.

"More worryingly, Fox News was 52% of cable news primetime viewership for 2020-22, 51% in Jan'23, and that has slid to a low of 38% in June'23 post-TC. FN's share of conservative news viewers has fallen from 94% to 84%."

Fox News saw a significant ratings decline after its termination of its number one rated host Tucker Carlson.

pb and OD are trendsetters! Baha baha baha

Cited and related links:

1. newsmax.com

Comments Start Below

by Donna on July 10, 2023 12:18 pm Most of us had the good sense not to watch Fox News to begin with. by Indy! on July 10, 2023 3:34 pm Cable news is dead. The report this stuff like it matters when the reality is the numbers are so small as to be practically non-existent. Last time I bothered to check (when my Dad was telling how Fox was the "#1 news program" in the country) - their #1 guy (Tucker) was getting ariound 3M or so viewers for his prime time slot. Everybody else was under 2M. But they were #1 (on cable) - because MSNBC hosts were bringing in a couple hundred thousand each except for Rachel who was getting about 1.5M. It's nothing compared to broadcast (2-5M per show) and broadcast is nothing compared to the number of people in the country. Go To Top

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