Welcome to our dedicated page for Fox news (Ticker: FOX), a resource for investors and traders seeking the latest updates and insights on Fox stock.
Fox Corporation (NASDAQ: FOX) is a media company focused on news, sports, and entertainment content, and its news flow reflects activity across these areas. The company describes its primary domestic brands as FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations, and these operations generate a steady stream of corporate announcements, financial updates, and partnership news.
On this page, readers can follow Fox Corporation news such as quarterly earnings releases, segment performance commentary, and details on advertising, distribution, and content-related revenues. For example, Fox has reported financial results that break out revenues and Adjusted EBITDA by Cable Network Programming, Television, and Corporate and Other, and has discussed how digital growth led by the Tubi AVOD service, news pricing, and sports pricing and ratings affect advertising revenues.
Fox Corporation’s news also covers capital markets activity and shareholder-related developments. Recent press releases have addressed an accelerated share repurchase transaction under the company’s stock repurchase program, as well as secondary offerings of Class B common stock by trusts established for the benefit of certain members of the Murdoch family. The company has emphasized that it is not selling shares in those offerings and does not receive proceeds from them.
In addition, Fox highlights strategic and operational updates tied to its digital and streaming strategy. Tubi Media Group, a division of Fox Corporation, has announced multi-year agreements such as an exclusive distribution and advertising sales partnership with Audiochuck for top-rated true crime podcasts, including the development of a Crime Junkie FAST channel and on-demand video podcast collections across Tubi, FOX One, and third-party platforms.
Investors and observers can also find announcements about Fox executives’ participation in investor conferences and webcasts discussing financial results. Together, these items provide insight into Fox Corporation’s financial performance, digital initiatives, partnerships, and governance-related events.
Fox Corporation (NASDAQ: FOX, FOXA) announced charitable commitments exceeding $300,000 as part of its corporate social responsibility initiatives, celebrating Super Bowl LVII in Arizona. Key partnerships include the Pat Tillman Veterans Center, enhancing scholarships and resources for veterans, and the Boys & Girls Clubs of the Valley, focusing on youth career training. The Purple Heart Homes will benefit from home renovations for veterans. These initiatives aim to positively impact military members and underserved youth, showcasing FOX's commitment to community support.
Tubi has announced a significant content partnership with Warner Bros. Discovery, set to enhance its library with 14 new FAST channels and over 225 AVOD titles, totaling more than 2,000 hours of content.
The launch includes three curated channels: WB TV Series, WB TV Reality, and WB TV Family, showcasing popular titles like "Westworld" and "FBoy Island." In addition, 11 genre-specific channels will introduce fan-favorite shows and films, including classics from the Warner Bros. catalog. The rollout begins February 1, expanding Tubi's offerings to include more content from major Hollywood studios.
Fox Corporation (NASDAQ: FOXA, FOX) will announce its second quarter fiscal 2023 financial results on February 8, 2023. The earnings report will be released at 8:00 a.m. ET, followed by a live audio webcast of the discussion at 8:30 a.m. ET. Investors can access the webcast on the company’s investor relations site. Fox Corporation is known for its influential news, sports, and entertainment brands like FOX News Media, FOX Sports, and FOX Entertainment, and delivers engaging content that enhances consumer relationships and advertising effectiveness.
Fox Corporation's Special Committee of the Board has provided an update regarding its exploration of a potential transaction with News Corporation. The Committee is composed entirely of independent directors and holds the authority to evaluate the proposal. It has retained J.P. Morgan as its financial advisor and Wachtell, Lipton, Rosen & Katz for legal counsel. The company confirms that Mr. Rupert Murdoch and the Murdoch Family Trust will only support a transaction recommended by the Special Committee and approved by non-affiliated stockholders. No decision has yet been made on the combination.
Fox Corporation (Nasdaq: FOXA, FOX) announced that CFO Steve Tomsic will participate in the UBS Global TMT Conference on December 5, 2022, at 10:00 AM Eastern (7:00 AM Pacific). A live and archived webcast of the presentation will be available on investor.foxcorporation.com. Fox Corporation is recognized for producing impactful news, sports, and entertainment content through brands such as FOX News Media and FOX Sports, and also operates the streaming service Tubi, reinforcing its strong position in the media industry.
Fox Corporation (Nasdaq: FOXA, FOX) announced a favorable arbitration ruling on November 4, 2022, regarding claims against Flutter Entertainment plc. The ruling restricts Flutter from pursuing an IPO for FanDuel without FOX's consent. FOX holds a 10-year call option, expiring in December 2030, to acquire an 18.6% stake in FanDuel for $3.72 billion, with a 5% annual escalator. This opportunity enhances FOX's position as a key player in the U.S. sports betting market, demonstrating the value created through its media partnerships.
Fox Corporation has partnered with FreeWheel to enhance its OneFOX video inventory across its entertainment, sports, and news brands. This agreement aims to provide innovative advertising solutions, manage direct sold ad campaigns, and unify video inventory for better campaign management. Key benefits include improved data insights and targeted audience reach. Dan Callahan from FOX emphasizes the partnership's goal of optimizing brand visibility across its portfolio, while FreeWheel's Mark McKee highlights the importance of streamlining ad supply in a fragmented market.
Fox Corporation (NASDAQ: FOXA) and VIZIO (NYSE: VZIO) have announced a multi-year expansion of their distribution partnership. The FOX Sports app is now available on VIZIO Smart TVs, alongside FOX Weather on the WatchFree+ channel. This partnership aims to enhance viewer access to a wide range of sports and news programming. VIZIO Ads will gain access to FOX's premium inventory, expanding advertising opportunities. The launch of the FOX Sports app coincides with a promotion showcasing live College Football and NFL games on VIZIO's Home Screen for November 12-13.
Fox Corporation reported its financial results for Q1 fiscal 2023, revealing total revenues of $3.19 billion, a 5% increase year-over-year. Affiliate revenues rose 3%, driven by a 6% growth in the Television segment. Advertising revenues surged 8% due to higher political ads and pricing strength across its news and sports brands. However, net income decreased to $613 million from $708 million last year. Adjusted net income was $670 million with an EBITDA of $1.09 billion, reflecting a 3% rise, offset by higher expenses from digital investments.
Fox Corporation (Nasdaq: FOXA, FOX) will present its first quarter fiscal 2023 financial results on November 1, 2022, via a live audio webcast starting at 8:30 a.m. ET. The results will be released at approximately 8:00 a.m. ET on the same day. Investors can access both the live and archived webcast at investor.foxcorporation.com. Fox Corporation continues to produce and distribute diverse news, sports, and entertainment content, holding significant cultural and commercial value.