Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Carlson Made 5x More Than Lemon Before Getting Canned - How Much Was Fox Paying?

Published 25/04/2023, 19:13
© Reuters.  Carlson Made 5x More Than Lemon Before Getting Canned - How Much Was Fox Paying?
IXIC
-
FOXC34
-

Benzinga - Two high-profile media personalities, Tucker Carlson and Don Lemon, have been let go by their respective networks, Fox Corp (NASDAQ: FOX) (NASDAQ: FOXA) and CNN, which is owned by Warner Bros Discovery Inc (NASDAQ: WBD).

But how much were the networks paying the anchors?

What Happened: Carlson, who hosted "Tucker Carlson Tonight" on Fox News since 2016, made significantly more than Lemon, a 17-year CNN veteran, according to Forbes.

Lemon was being paid up to $4 million per year, according to Celebrity Net Worth, though conflicting sources suggest it was closer to $2 million.

Carlson, meanwhile, was making between $15 million and $20 million a year — five-times more than Lemon.

Carlson's hosting gig was one of the highest-paying positions in the industry and he boasted significant leverage in contract negotiations due to his loyal and dedicated following.

Why It Matters: Carlson's program was the second-most-watched show on cable last year, according to Forbes, with an average of 3.3 million viewers each night.

In comparison, Lemon’s previous show, “CNN Tonight with Don Lemon,” attracted around 628,000 daily watchers.

The reasons for Carlson's departure from Fox remain unclear. Observers speculate it may be related to the recent Dominion Voting Systems lawsuit, in which Fox paid a staggering $787.5 million settlement.

The exact reasons for Lemon’s departure remain unknown as well, but it is believed to be related to controversial remarks he made about women and aging in February, which were widely regarded as sexist.

Next: Is Elon Musk Roping In Tucker Carlson For Starting YouTube Rival? Here's What The Billionaire Said

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Image: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.