Fox Corporation (FOX) Stock News, Jun-Jul 2024

FOX News Digital maintained its leadership in the news industry during Q2 2024, marking its 13th consecutive quarter as the top news brand for multiplatform minutes and 8th consecutive quarter for multiplatform views. The platform achieved 9.2 billion total multiplatform minutes, 4.8 billion multiplatform views, and averaged 104 million monthly unique visitors. FOX News Digital also led in social media engagement for the 41st consecutive quarter with 77.6 million total interactions.

In June, FOX News Digital surpassed CNN in total digital multiplatform unique visitors for the first time since February. The FOX News Mobile app outperformed CNN's, averaging 5.7 million unique visitors compared to CNN's 4.4 million. FOXBusiness.com also showed strong performance, surpassing CNN Business in multiplatform views for the 9th consecutive quarter.

FOX Weather will start simulcasting weekday mornings on FOX Business Network (FBN) from 5-6 AM/ET starting Monday, July 15th. The simulcast, called FOX Weather First, will be co-anchored by Britta Merwin and Craig Herrera. This move complements FOX Weather's existing weekend morning simulcast on FBN, initiated in December 2021. The launch coincides with an active hurricane season, recently marked by Hurricane Beryl.

Additionally, FOX Weather correspondent Max Gorden will transition to a reporter role at FBN, filling the position at the Los Angeles bureau previously held by Kelly O’Grady. Gorden, who joined FOX Weather in 2021, has covered major events including Hurricane Hilary in August 2023 and wildfires in Hawaii during the summer of 2023. FOX Weather is a 24/7 free ad-supported television service, leveraging resources from FOX News Channel and FOX Television Stations to provide comprehensive weather reporting and innovative forecasting techniques.

FOX Nation will debut a new weekly series titled “Here’s the Deal with Kellyanne Conway” starting on Thursday, July 11th. The show will feature former White House senior counselor Kellyanne Conway, providing in-depth analysis on major election topics such as predictions for 2024, the role of Independents, and key issues like inflation, immigration, and abortion. The series will continue to release new episodes every Thursday until the presidential election in November 2024. FOX Nation president Lauren Petterson praised Conway's unique insights into political campaigns, and Conway expressed her intention to offer thoughtful analysis and compelling anecdotes. FOX Nation is a direct-to-consumer streaming service offering content for FOX News' most dedicated fans, boasting nearly 10,000 hours of programming.

FOX News Channel (FNC) has achieved a significant milestone, completing 90 consecutive quarters as the number one cable network in total day and primetime viewership. According to Nielsen Media Research, FNC posted double-digit growth year-over-year across all key demographics, including a 176% viewer advantage over CNN and 61% over MSNBC in total day viewership.

FNC's top programs like 'The Five,' 'Gutfeld!,' and 'Jesse Watters Primetime' have all seen substantial viewership increases. Notably, 'Gutfeld!' has become the number one show in the late-night younger demo, while 'Jesse Watters Primetime' grew its 8 PM slot by 69% in total viewers.

FNC also dominated the coverage of the CNN presidential debate, attracting over 13.4 million viewers and 3.3 million in the 25-54 demo, massively outperforming CNN. The network's continued growth contrasts sharply with double-digit declines in key demographics for CNN and MSNBC.

Overall, FNC delivered 89 of the top 100 telecasts in cable news for the quarter, reinforcing its position as a dominant player in the cable news landscape.

Tubi, Fox 's (NASDAQ: FOXA) ad-supported streaming service, has launched in the UK, offering over 20,000 free movies and TV episodes. Tubi, which has 80 million monthly active users in North America, aims to deliver a diverse and personalized viewing experience through its extensive content library. The UK launch features curated content from major distributors like Disney and NBCUniversal, plus exclusive Tubi Originals, catering to a wide range of tastes from Hollywood blockbusters to Arthouse Cinema. The platform uses advanced machine learning for personalized recommendations and maintains a 100% free ad-supported model with minimal ads. Tubi will be accessible on major connected TV platforms, iOS, Android, and the web.

FOX News Media's simulcast of the CNN presidential debate achieved record-breaking viewership, drawing 13.4 million viewers across linear television, digital, and streaming platforms.

The FOX News Channel (FNC) led with 9.3 million viewers from 9-10:39 PM/ET and dominating the 10 PM/ET hour with 9.1 million viewers.

FNC also topped cable news during post-debate coverage, attracting 8.7 million viewers.

FOX's digital properties saw substantial engagement, with 2.2 million livestream views and a significant rise in unique viewing devices and social media interactions.

Overall, FOX captured 26% of the debate's audience share, surpassing NBC, CNN, ABC, and CBS.

FOX News Channel's Gutfeld! will broadcast live from the Republican National Convention in Milwaukee from July 15th to July 18th at 11 PM/ET. The show, hosted by Greg Gutfeld and featuring panelist Kat Timpf and three guests, will include a live studio audience from the Deer District. Gutfeld! has garnered over 2.2 million viewers and is the highest-rated late-night program, surpassing rivals like CBS' The Late Show and NBC's The Tonight Show. The program also leads in key demographics and attracts a politically diverse audience. FOX News Channel remains the top network in basic cable and the most-watched news channel for 22 consecutive years.

FOX Nation will launch a four-part historical docudrama titled “GEORGE: Rise of a Revolutionary” on July 1st. The series, hosted and executive-produced by Kelsey Grammer, will delve into the early life of George Washington. Viewers will witness Washington’s transformation from a young soldier serving the British Crown to a leading figure in America's revolt against British rule. The show combines dramatic reenactments and expert commentary to provide a fresh perspective on this pivotal historical figure. Grammer, known for his roles in “Frasier” and “Cheers,” brings his extensive experience to this project, aiming to portray George Washington's story in a compelling manner. FOX Nation is a streaming service with over 10,000 hours of content, including historical documentaries, launched in 2018. It is recognized among the fastest-growing brands of 2023 by Morning Consult, particularly popular among Gen Z adults.

OutKick has announced that Ricky Cobb, known for his popular @Super70sSports feed, will host a new daily show launching later this summer. Cobb's show will build upon his humor and extensive knowledge of sports and culture. In addition to his own show, Cobb will appear on other OutKick programs such as Don’t @ Me with Dan Dakich and OutKick The Morning with Charly Arnolt. OutKick's Senior Vice President, Gary Schreier, expressed excitement about Cobb joining the team, noting that this addition will make OutKick even more engaging and entertaining. Cobb, who has a background as a sociology professor, stated that hosting this show aligns with his passion for entertaining and sparking critical thought. OutKick is a rapidly growing multimedia platform owned by FOX , reaching millions of fans each month through various digital channels.