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: FOXA, FOX) announced that Executive Chairman and CEO Lachlan Murdoch will participate in a virtual fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2021, at approximately 3:30 PM Eastern (12:30 PM Pacific). A live and archived webcast will be available at investor.foxcorporation.com. Fox Corporation produces and distributes engaging news, sports, and entertainment content through brands like FOX News Media and FOX Sports.
Fox Corporation (Nasdaq: FOXA, FOX) announced participation in upcoming investor conferences. Chief Operating Officer John Nallen will speak in a virtual fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on March 4 at 3:30 PM Eastern. Additionally, Chief Financial Officer Steve Tomsic will present a keynote at the Deutsche Bank Media, Internet & Telecom Conference on March 9 at 12:00 PM Eastern. Live and archived webcasts will be available at investor.foxcorporation.com.
Fox Corporation announced on February 9, 2021, that Suzanne Scott has signed a new multi-year contract to continue as CEO of FOX News Media. Under her leadership since becoming the first female CEO in May 2018, FOX News Media has achieved record ratings and advertising sales, maintaining its position as the most-watched cable news network for 19 consecutive years. Scott's initiatives have also improved workplace inclusion and transparency, resulting in FOX News Media being certified as a 'Great Place to Work' in 2020. This contract underscores Scott's pivotal role in driving future growth.
On February 9, 2021, Fox Corporation (Nasdaq: FOXA, FOX) announced that its streaming apps, FOX NOW and FOX Nation, are now accessible on VIZIO's SmartCast platform. This integration allows millions of users to view local and national news, sports, and entertainment content directly on their Smart TVs. The FOX NOW app features full episodes of popular shows and live sports, while FOX Nation offers exclusive content at a subscription fee. This partnership expands FOX's reach and enhances viewer engagement with its diverse programming.
Fox Corporation (NASDAQ: FOXA, FOX) reported a net income of $230 million for the quarter ended December 31, 2020, down from $314 million year-over-year, attributed to prior year's gains. Adjusted net income rose 45% to $93 million, while revenues increased 8% to $4.09 billion, driven by advertising growth, particularly in political ads and the consolidation of Tubi, Inc. Adjusted EBITDA climbed 17% to $305 million. The company declared a dividend of $0.23 per share, to be paid on April 7, 2021.
Fox Corporation (Nasdaq: FOXA, FOX) will hold a live audio webcast to discuss its second quarter fiscal 2021 financial results on February 9, 2021, at 8:30 a.m. ET. The results will be released earlier that day at 8:00 a.m. ET. Interested investors can access the live and archived webcast on the Fox Corporation investor relations website. Fox Corporation is renowned for its influential news, sports, and entertainment content through brands like FOX News, FOX Sports, and FOX Entertainment.
FOX News Media is set to launch a new advertising-supported streaming weather service, FOX Weather, in Q3 2021. Suzanne Scott, CEO of FOX News Media, announced that Sharri Berg will lead this new venture as President. The service will feature an app, an integrated website, and live programming backed by over 75 meteorologists nationwide. The initiative will utilize resources from FOX News and FOX Television Stations, aiming to enhance weather reporting and community engagement.
FOX News Media has made over 30 original podcasts and three nationally syndicated talk shows from FOX News Radio available for streaming on Amazon Music, reaching over 55 million customers. This move allows Amazon Music users to enjoy popular shows like The Brian Kilmeade Show and The Five through iOS, Android apps, and Amazon Echo devices. FOX News Podcasts ranked among the top 20 podcast publishers in November 2020, highlighting their prominence in the audio content market. FOX News Media, a division of FOX Corporation, reaches 200 million people each month.
FOX News Channel has appointed Tom Lowell as Executive Vice President and Managing Editor of News. Reporting to President Jay Wallace, Lowell will manage all daytime news editorial and resources. Suzanne Scott, CEO of FOX News Media, highlighted his significant contributions to the network over 17 years, including launching several top-rated programs like America’s Newsroom. Lowell expressed gratitude for leading the daytime news team, indicating confidence in its continued success.
FOX News Channel (FNC) maintained its status as the most-watched cable network in November, marking 53 consecutive months in this position. The network recorded its highest-rated November in primetime among total viewers and the key 25-54 demographic. FNC averaged 1.9 million total viewers and 3.9 million in primetime, achieving a 41% advantage over CNN. Tucker Carlson Tonight led with 5.1 million viewers. FNC’s primetime lineup saw significant year-over-year increases, with Tucker Carlson Tonight up 49% and Hannity up 39% in total viewers.