Fox’s Stock Sink: Is ‘Trump Network’ Talk to Blame?


After reporting strong revenue and EBITDA results for its fiscal Q1 of 2021, Fox Corporation shares declined on Tuesday — the lone issue to experience a dip. That decline continued into Wednesday.

Esteemed Wall Street observer Michael Nathanson of MoffettNathanson believes he knows what’s going on: Talk of a “Trump News Network,” should he not be re-elected in a tightening race he’s already questioned the validity of, is increasing.

This would hurt Fox, he believes.

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