Welcome to our dedicated page for Fox Corporation news (Ticker: FOX), a resource for investors and traders seeking the latest updates and insights on Fox Corporation stock.
Fox Corporation reports news around its U.S. news, sports and entertainment media portfolio, including FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. Updates commonly cover quarterly results, distribution and advertising revenue, cable network programming performance, sports sublicensing and programming-rights costs, and live-event programming across broadcast, cable and streaming.
Company announcements also address Tubi’s free, ad-supported streaming service, ad technology and measurement partnerships, FOX One platform integrations, executive conference appearances and corporate initiatives. Recurring themes include the balance between traditional television distribution, live news and sports, and digital growth led by Tubi.
FOX News Media has confirmed that John Roberts will continue as the chief White House correspondent under a new multi-year contract. CEO Suzanne Scott praised Roberts for his extensive experience and contributions to political coverage. With a career spanning over two decades, he has reported on numerous significant events, including presidential elections and major crises. FOX News Channel remains the leading network in cable news, reaching 200 million viewers monthly.
FOX News Media has broadened the reach of its international streaming platform, FOX News International, now available in 15 countries across Europe. Originally launched in Mexico and the UK, the service will target over 20 countries by early 2021. New countries included in the expansion are Austria, Belgium, Denmark, Finland, Greece, Hungary, Luxembourg, Netherlands, Poland, Romania, and Sweden. The platform can be accessed via mobile and OTT devices, with plans for further device compatibility, including Amazon Fire TV and Roku.
FOX News Digital achieved record-breaking results in Q3 2020, with nearly 6.1 billion multiplatform views and 14.2 billion multiplatform minutes, marking substantial growth of 14% and 19% year-over-year, respectively. September saw the mobile app reach its highest unique visitor count, outperforming CNN for the 22nd consecutive month. Additionally, FOXBusiness.com recorded its best quarter with 31.5 million monthly unique visitors. Notably, FOX News was the most engaged news brand on social media, generating over 154 million Facebook interactions.
Fox Corporation (NASDAQ: FOXA, FOX) will announce its first quarter fiscal 2021 financial results through a live audio webcast on November 3, 2020, starting at 8:30 a.m. ET. Results will be available earlier at 8:00 a.m. ET. Interested participants can access the webcast and its archive at investor.foxcorporation.com. Fox Corporation is known for its strong portfolio in news, sports, and entertainment, leveraging its brands like FOX News Media and FOX Sports to engage audiences and create significant relationships with advertisers.
FOX News Media has announced a three-book deal with HarperCollins Publishers, featuring works by prominent FOX News personalities like Pete Hegseth and Shannon Bream. This partnership aims to leverage FOX's extensive content library to enhance viewer engagement. The inaugural title, Modern Warriors: Real Stories from Real Heroes, will be released on November 24 and highlights veteran stories. Bream's inspirational book on influential women from the Bible is set for spring 2021. With a strong history in book sales, FOX aims to further establish its presence in the publishing sector.
Fox Corporation (Nasdaq: FOXA, FOX) announced that Executive Chairman and CEO Lachlan Murdoch will speak at the BofA Securities 2020 Media, Communications and Entertainment Virtual Conference on September 10 at 12:35 PM Eastern (9:35 AM Pacific). A live and archived webcast of the presentation will be available on the Fox Corporation investor website. Fox Corporation delivers news, sports, and entertainment content through brands like FOX News Media and FOX Sports, maintaining a strong presence in the media landscape. For more details, visit their official website.
Fox Corporation reported its financial results for the year ended June 30, 2020, revealing total quarterly revenues of $2.42 billion, a 4% decrease from the prior year. Net income dropped to $145 million, down from $465 million, mainly due to increased impairment charges. Full year revenues rose 8% to $12.30 billion, driven by the Television segment. However, net income decreased to $1.06 billion from $1.64 billion. The company declared a dividend of $0.23 per share, payable on October 7, 2020, amid ongoing challenges posed by the COVID-19 pandemic affecting advertising revenues.
Fox Corporation (Nasdaq: FOXA, FOX) will discuss its fourth quarter and full year fiscal 2020 financial results on August 4, 2020, at 5:30 p.m. ET. Results will be released after market close on the same day. Investors can access the live audio webcast and its archive at investor.foxcorporation.com. Fox Corporation is known for its prominent brands including FOX News Media, FOX Sports, and FOX Entertainment, focusing on delivering news, sports, and entertainment content.