QUARTERLY REPORT
Fox Swings To Quarterly Profit Despite Slump In Ad Revenue
Fox Corp. said it swung to a profit in its fiscal third quarter despite slumps in advertising revenue, largely due to the absence of charges …
Mets Owner Steve Cohen’s Firm Discloses Large Stake In Fox Corp.
Cohen's hedge fund Point72 revealed the approximately 5% stake in Fox this week with a market value of about $350 million as of writing.
Fox Expects Sports Streaming Venture With Disney And WBD To Hit 5M Subs In 5 Years
The forthcoming sports streaming venture backed by Disney, Fox Corp. and Warner Bros. Discovery will reach 5 million subscribers in its …
Padden: FCC Can Consider Character Issues Away From Broadcasting In Fox License Renewal
The man trying to derail a Fox Corp. TV station license renewal claims that alleged false reporting by corporate sibling Fox News Channel …
Fox Corp. Names Jeff Collins President Of Ad Sales, Marianne Gambelli To Retire
He will oversee the company’s Ad Sales efforts across the company’s portfolio of brands and platforms, including Fox Entertainment, Tubi, …
Fox Shareholders Raise Whether To Tie Exec Compensation To Legal Exposure
With concerns over Dominion Voting Systems and Smartmatic lawsuits still heavily lingering, Fox Corp. shareholders are voting on a short …
QUARTERLY EARNINGS ANALYSIS
Sports, FAST Channels Are Bright Spots For Broadcasters In A Down Quarter
Until 2024’s political windfall machine can kick in, TV groups have been leaning into revenue opportunities from sports rights and streaming …
Fox Corp. Names Adam Ciongoli Chief Legal And Policy Officer
He will lead all legal, compliance, and regulatory matters as well as oversee government affairs.
EARNINGS CALL
Tubi And Sports Shine For Fox Corp. Earnings
CEO Lachlan Murdoch: “Tubi will be the way our audiences primarily engage with entertainment in the future. It’s a core part of our …
QUARTERLY REPORT
Fox Corp. Edges Wall Street Quarterly Estimates, But Feels The Squeeze Without Political Ad Influx
Fox Corp. nipped Wall Street estimates for its fiscal first quarter, but earnings fell from a year ago partly due to a comparative lack of …
What Big Moves Are Left For Lachlan Murdoch?
As Rupert’s eldest son is set to rule a new empire, he could coast on the assets put in place by his father or evaluate the kingdom for a …
Lachlan Murdoch To Succeed His Father At Fox Corp. And News Corp.
Rupert Murdoch becomes chairman emeritus of the companies, effective in November.
CBR To Spotlight Fox Corp.’s Modernization Of Broadcast Environment
Senior executives from Fox Corp. and Fox Television Stations will share insights into how they’ve been modernizing and securing the …
TVN TECH
For TV Stations, IP Transition Moves At Tiptoe Pace
Technology executives from Fox Corp., Hearst Television, CBC, Sony and Florical told a TVNewsCheck webinar last week that the lack of a …
FCC Invites Comment On Request To Deny Fox TV License Renewal
Regulators invited public comment on whether the U.S. broadcast license for Fox Corp.’s TV station in Philadelphia should be renewed after a …
Former Republican FCC Chair Is The Latest To Call For Hearing Into License Renewal For Fox’s WTXF Philadelphia
Alfred Sikes is the latest figure to urge the commission to study whether Rupert and Lachlan Murdoch meet the character qualification to …
Fox Corp. Chief Legal And Policy Officer Viet Dinh To Leave Exec Post For Advisory Role
Fox Corp. is parting ways with one of its key strategic and business leaders, Viet Dinh, a longtime consiglieri in the Murdoch empire. Dinh …
EARNINGS CALL
Fox Corp. Claims Top Upfront Performance
CEO Lachlan Murdoch: “In this year’s upfront we believe Fox led the market in both price and volume across our live sports and news …
QUARTERLY REPORT
Fox Corp. Hits Quarterly Target Despite Advertising Dip
Fox Corp. revenue stayed flat in the quarter ending June 30 compared with the year-earlier period, but it matched Wall Street analysts’ …
Fox, Flutter To Close Their Fox Bet Online Gambling Business
Fox Corp. and Flutter Entertainment Plc plan to wind down their Fox Bet online wagering business starting on Aug. 1, according to people …
Fox Corp. Appoints David Espinosa President Of Distribution
His promotion follows the departure of Mike Biard, who is moving to be Nexstar’s president-COO.
TVN Webinar: The IP Transition And Local TV
Executives from Fox Corp., Hearst Television, CBC, Sony Electronics and Florical Systems will question the viability of continuing to invest …
JESSELL AT LARGE
The Murdochs Are Awful. But Don’t Punish Fox O&Os For It.
Rupert and Lachlan Murdoch undermined trust in American democracy with their reckless propagation of Trump’s Big Lie, but Fox’s O&Os …
Analyst Downgrades Fox Corp. As Fox News Viewership Falls
Wells Fargo analyst Steven Cahall downgraded Fox Corp. stock to “underweight” from “equal weight” as lower ratings at Fox News Channel and …
Fox O&O WTXF Philadelphia’s License Challenged By Media And Democracy Project
The group asks the FCC to deny the station's license renewal application, alleging that senior management of Fox Corp. "manipulated its …
Fox Corp. Board Under Investigation By Oregon Attorney General
Oregon’s Attorney General Ellen Rosenblum is investigating Fox Corp.’s board of directors for “breach of fiduciary duty” after Fox News …
Fox Corp. Board Under Investigation By Oregon’s Attorney General For Violating Its Fiduciary Duties
Oregon’s attorney general announced that she is investigating Fox Corp.’s board of directors for “breach of fiduciary duty” after Fox News …
Fox Won’t Force Portfolio Packaging In TV Upfront
Marianne Gambelli, president of ad sales for Fox Corp., says in an interview that she believes the company will stand apart in the TV …
EARNINGS CALL
Fox Corp. Revenues Up In Quarter Hit By Legal Settlement
Sports saved the company’s fiscal 3Q. “Our advertising revenues increased 43%, led by the Super Bowl,” said CFO Steve Tomsic. “Television …
QUARTERLY REPORT
Fox Swings To $50 Million Quarterly Loss On Dominion Settlement
Fox Corp. today reported a $50 million loss last quarter from a $290 million profit the year before mostly due to the cost of a legal …
Spotify Courts Broadcasters To Convert Radio Shows Into Podcasts
Fox Corp. is one partner using the audio giant's "broadcast-to-podcast" technology to turn existing Fox radio shows into on-demand podcasts.
TVN TECH
IP Networking Gets Battle Tested, But Staffing, Security Concerns Remain
Technology executives from Fox Corp., CBC/Radio-Canada, E.W. Scripps, Nevion and TAG Video Systems took the measure of IP networking’s …
Fox Ups Government Relations Execs Kristopher Jones, Jamie Gillespie
Fox Corp. has named Kristopher Jones executive VP and head of government relations, based in Washington. He had been SVP, government …
EARNINGS CALL
Fox Growth Led By Broadcast TV And Sports
The company reported total quarterly revenues of $4.61 billion, a 4% increase from the $4.44 billion reported in the prior year quarter. …
QUARTERLY REPORT
Fox Corp. Ad Revenue Climbs 4% In A Tough Quarter, Boosted By NFL And World Cup
The company reported total revenue in the quarter ending December 31 of $4.61 billion, up 4% from the year-earlier period, and earnings of …
News Corp. And Fox Abandon Potential Merger
News Corp. and Fox Corp., both controlled by Rupert Murdoch, have abandoned a potential merger after a special committee determined that “a …
Fox Corp., News Corp Will Stay At Midtown Manhattan HQ For Another 20 Years
In a major boost to the Midtown office market, Fox and News Corp signed separate leases to extend their headquarters commitments at 1211 …
Fox, News Corp. Hire Independent Advisers, Clarify Rupert Murdoch Role Amid Merger Deliberations
Rupert Murdoch and the Murdoch Family Trust will not vote in favor of a Fox-News Corp. merger unless the combination has the blessing of …
Rupert Murdoch To Be Deposed In $1.6 Billion Defamation Case Against Fox
The Fox Corp. chairman is the highest-profile individual to be questioned in the case, which hinges on Fox’s coverage of the 2020 …
Fox Corp. Warns Viewers Of Its Networks About Potential DirecTV Blackout; Pay TV Operator Decries ‘Scare Tactics’
A few days before the expiration of a carriage deal with DirecTV, Fox Corp. is warning viewers of its networks about a potential blackout as …
News Corp.-Fox Merger Faces Opposition From Key Shareholder In Both Companies
A London-based investor in Rupert Murdoch’s News Corp. and Fox Corp. has reportedly expressed its opposition to the companies’ potential …
Fox Wins Right To Buy A Stake In Fanduel, But Not At The Price It Wanted
Fox won the right to buy an 18.6% stake in sports betting company FanDuel Group from its parent company Flutter, but not at the valuation, …
Fox Picks Comcast’s FreeWheel To Manage Ad Inventory Portfolio
Fox Corp. said it selected FreeWheel, Comcast’s ad tech company, to manage its television advertising inventory across its OneFox portfolio. …
EARNINGS CALL
Political Powers Quarter For Fox
CFO Steve Tomsic: “Our television stations had a record September quarter for political advertising revenues, while the Fox Network …
QUARTERLY REPORT
Fox Corp. Rides Political Ad Wave, Posts Solid Fiscal 1Q Results
Fox Corp. rode a surge in political ad spending and continued growth in streaming in its fiscal first quarter, posting financial results …
Rupert Murdoch Considering Putting Fox And News Corp. Back Together
Media mogul Rupert Murdoch is exploring a re-combination of the family’s Fox Corp. and News Corp., which split into two separate companies …
Fox Corp. and Innovid In Cross-Platform Measurement Deal
The partnership will cover the Fox portfolio, leveraging InnovidXP for measurement of linear and streaming.
Fox Exec To Netflix’s Hastings: Linear TV Is Far From Dead
Fox Corp. Chief Financial Officer Steve Tomsic said traditional linear television like broadcast and cable services still have a lot of life …