The British broadcaster confirmed Morgan's departure in a statement on Tuesday, hours after he stormed off the set of the "Good Morning Britain" show, which has been drawing record market share this month, following criticism of his remarks.
ITV also on Tuesday reported a 33.5% fall in operating profit for 2020 and a sharp drop in ad revenues. Tuesday's show drew more than 41,000 complaints to the U.K.'s television regulator Ofcom, which has since confirmed that it is investigating the comments. Morgan accused Meghan of lying about having suicidal depression and being denied help during her time as a member of the royal family.
Roddy Davidson, media analyst at Shore Capital who covers the stock, told CNBC Wednesday that Morgan's departure may be playing a part in the continued decline for the company's shares, but suggested Tuesday's earnings were still the main driver of share price movement, along with potential profit-taking by investors after a strong final six months of the year.
That’s because piersmorgan IS that morning show...
Well well well look who’s the common denominator.
Why does Andrew look like Diannas Chauffeur? Just asking
Investors! There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 196% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
have followed this saga from afar, dunno what to believe, but certainly a microcosm of our society: racism, class structure, tradition vs new, celebrity shit, opportunism and now, corporate interest. it's all in there :)
hahahaha got his dumb ass fired did he...haha who knew the royal family were racists piers
ITV also on Tuesday reported a 33.5% fall in operating profit for 2020 and a sharp drop in ad revenues, with analysts noting concerns that an accelerated shift to streaming services was making life difficult for broadcasters reliant on traditional television advertising.
His co Anchor is happy her name is Susanna apease
Goes to show what investors normally are in favor of.
Well done Piers Morgan.
How long before he shows up on FOX again?
He was FIRED! And yes their shares will go up again! Market sentiment + herd mentality = 🗑
Bets for Piers Morgan to be PM slide the other way...