Fox Corp Stock Price, News & Analysis

Fox Corporation (Nasdaq: FOXA, FOX) announced that Executive Chairman and CEO Lachlan Murdoch will participate in the BofA Securities 2021 Media, Communications & Entertainment Virtual Conference on September 14, 2021, at 5:05 PM Eastern. A live and archived webcast of the presentation will be available on their investor website. Fox Corporation delivers news, sports, and entertainment content through FOX News Media, FOX Sports, and other brands, focusing on engaging audiences and enhancing consumer relationships.

Fox Corporation (Nasdaq: FOXA, FOX) has invested in Eluvio, a blockchain content management firm, to enhance the adoption of its technology in the media sector. This investment facilitates Eluvio's role as the underlying platform for Blockchain Creative Labs, FOX's new NFT initiative. The investment completes Eluvio's Series A funding at a $100 million valuation. Paul Cheesbrough, FOX’s CTO, joins Eluvio's Board. This collaboration aims to explore decentralized media opportunities, focusing on sustainable blockchain practices.

In July, FOX News Digital achieved 1.6 billion multiplatform views and 3.4 billion multiplatform minutes, leading in both metrics and surpassing CNN.com for the fifth consecutive month. The digital network also attracted 88.7 million unique visitors and 6.9 million visitors via its mobile app. Meanwhile, FOXBusiness.com experienced a month-over-month increase, reaching 111 million multiplatform views and 197 million minutes. However, there was a decline in total views and unique visitors compared to July 2020, indicating a need for strategic improvement.

FOX Weather, the new AVOD streaming weather service from FOX News Media, is set to launch this fall. Three reporters, Nicole Valdes, Steve Bender, and Max Gorden, have been hired to cover live weather events. Valdes, based in Nashville, has a background in investigative journalism and hurricane reporting. Bender, stationed in Miami, has covered various natural disasters. Gorden will be based in Los Angeles, having previously worked in Arizona and Wisconsin. Additionally, five multimedia journalists will join the team to enhance coverage as the platform grows.

Comscore (NASDAQ: SCOR) has announced an expanded multi-year partnership with Fox Corporation (NASDAQ: FOXA, FOX), enhancing its National TV measurement services. This collaboration results from Comscore's improved data rights, promoting measurement stability and product enhancements. Comscore's Chief Revenue Officer highlighted the importance of reliable TV measurement amidst the industry's shift to impressions-based buying. The company aims to drive a multi-currency marketplace, allowing advertisers to reach audiences based on detailed consumer behaviors and preferences.

FOX News Channel (FNC) appointed Jacqui Heinrich as White House correspondent, covering President Biden's agenda alongside Peter Doocy. Aishah Hasnie advances to Congressional correspondent, while Alexandria Hoff joins as a general assignment reporter. Heinrich, previously FNC's Congressional correspondent, has significant experience, including key events during the 2020 election cycle. Hasnie is recognized for impactful reporting during the COVID-19 pandemic. Hoff previously worked at CBS in Philadelphia, covering elections and major events. FNC remains a leading news service with high viewer trust and engagement.

Fox Corporation (Nasdaq: FOXA, FOX) reported strong financial results for Q4 2021, with a net income of $272 million, up from $145 million year-over-year. Quarterly revenues increased by 20% to $2.89 billion, driven by a 38% rise in advertising revenues. For the full year, net income reached $2.20 billion, a substantial increase from $1.06 billion in the previous year. The company declared a semi-annual dividend of $0.24 per share and continued its share repurchase program, having repurchased $1.17 billion in Class A stock. However, challenges from COVID-19 persist, affecting content production and advertising spending.

FOX Business Network (FBN) will launch FBN Prime on September 20, featuring a lineup of new primetime programs that highlight American industry and success stories. The series includes How America Works, hosted by Mike Rowe, and American Built, led by Stuart Varney. Following shows include American Dream Home and Mansion Global. The new programming aims to engage viewers with inspiring narratives while honoring key sectors of the American economy.

FOX News Channel (FNC) ranked as the most-watched basic cable network in July, achieving an average of 2.1 million viewers in primetime. The network dominated viewership with 61 of the top 100 cable telecasts. CNN faced a significant decline, losing over half its audience, while MSNBC also saw major losses. FNC's Tucker Carlson Tonight was the top-rated program, averaging over 3 million viewers. FNC sustained minimal viewership declines compared to its competitors, highlighting its strong position in the market.