by Jim Hoft, The Gateway Pundit:
It appears as though Tucker Carlson is getting the last laugh.
This week, FOX News stock was downgraded by Wells Fargo, something that would have been unthinkable just a few months ago. The network was already struggling to regain its footing in the ratings after taking Tucker off the air and now this.
It’s important to remember that this was entirely self-inflicted. They did not have to do this.
TRUTH LIVES on at https://sgtreport.tv/
Breitbart News reports:
Wells Fargo downgraded Fox Corporation stock on Monday as Fox News’s viewership continues to decline.
In May, ratings for the news outlet took a significant dive after host Tucker Carlson left the network, according to Breitbart News.
“During its 8 p.m. hour, the network has dropped from a three million viewer average to a 1.65 million viewer average since the departure of Tucker Carlson,” the article said.
Now, Wells Fargo has deemed the corporation Underweight, and Yahoo! Finance reported Monday that analyst Steve Cahall said there were “ecosystem risks” surrounding the news outlet.
“Fox’s earnings are mostly Fox News earnings, and Fox News is facing viewership and share pressures. With ecosystem risks also elevated we find our estimate outlook more negative and below the Street,” he told clients.
Newsmax took this opportunity to gloat about their growth:
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