3. FOX TELEVISION STATIONS, New York
2016 Revenue: $1.718 billion Stations: 29 in 17 markets Coverage: 36.8% Ownership: 21st Century Fox (Nasdaq: FOXA) Key Executives: Rupert Murdoch, executive chairman, 21st Century Fox; Lachlan K. Murdoch, executive chairman, 21st Century Fox; James Murdoch, CEO, 21st Century Fox; Jack Abernethy, CEO, Fox Television Stations (FTS); Sharri Berg, COO of news and operations, FTS.
The Fox stations continued their summer testing of shows in 2016. The shows varied greatly — from locally produced fare to two shows being eyed for possible national syndication. Why all the action? According to Frank Cicha, SVP of programming: “There’s a lot of shelf space. I think it would be erroneous for us to sit back and think we can wait for syndication to save us.”
In May 2017, the group announced it would give three-to-six-week tests for seven summer 2017 shows.
Last June, Dennis Swanson, broadcast TV veteran who spent the 11 years of his career with FTS, retired. In August, Sharri Berg was named FTS COO. She had worked in a dual capacity for both Fox’s cable news and broadcast divisions, beginning at FNC in 1996 and taking on the role of SVP of news operations for FTS in 2005.
This January, FTS — along with Tribune Broadcasting and Capitol Broadcasting — invested in Share Rocket’s social media ratings platform.
Fox Stations said in February it was receiving $350 million from the FCC’s spectrum auction.