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

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”. . .

Trump’s comments probably had more impact since earlier today, Axios reported that the president has revived plans to launch his own digital media offering. Instead of a television channel, which would require enormous startup costs, the president is looking into a digital streaming project to rival Fox’s “Fox Nation” digital-subscription service. (Read more from “Fox Tumbles as Trump Urges Followers To Turn Away Amid Rumors About Rival Offering” HERE)

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