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.
