Fox Tumbles as Trump Urges Followers to Turn Away Amid Rumors About Rival Offering

from Zero Hedge

Shares of Fox Corp., the corporate parent of Fox News and many of Rupert Murdoch’s remaining media assets following the sale of most of his entertainment business to Disney, are sliding Thursday after President Trump urged viewers to abandon Fox.

In a tweet, Trump essentially blamed the network for the election results, and argued that the network “forgot what made them successful”.

[…] To be sure, he’s not entirely off-base here with these comments about Fox’s ratings.

[…] Trump’s twitter feed was filled with retweets of viewers complaining about Fox’s coverage and saying they would be migrating to Newsmax.

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