Fox Corp Stock Price, News & Analysis

FOX Weather, FOX News Media's free ad-supported streaming television weather service, has appointed Jason Hermes as vice president of advertising sales and partnerships. Hermes, previously vice president of content marketing sales at The Weather Channel, will report to Dan Realson, senior vice president for FOX News Digital sales.

Hermes brings nearly three decades of experience in the advertising industry, having held positions at NBC News, NBCUniversal Media, Turner Media, and AMC Networks. At The Weather Channel, he drove new revenue streams and brand partnerships. His appointment aims to drive monetization and operations across FOX Weather's growing platform, which has become the fastest-growing weather service in the country in just three years.

Fox Corporation (Nasdaq: FOXA, FOX) announced that Executive Chair and CEO Lachlan Murdoch will participate in the Goldman Sachs Communacopia & Technology Conference on Tuesday, September 10, 2024 at approximately 10:50 AM Pacific / 1:50 PM Eastern.

A live and archived webcast of the presentation will be available at the company's investor website: investor.foxcorporation.com.

Fox (Nasdaq: FOXA, FOX) has announced that Executive Chair and CEO Lachlan Murdoch will participate in the Goldman Sachs Communacopia & Technology Conference on Tuesday, September 10, 2024. The event is scheduled for 10:50am Pacific Time (1:50pm Eastern Time).

Investors and interested parties can access a live and archived webcast of the presentation through the official Fox investor relations website at investor.foxcorporation.com. This participation highlights Fox 's engagement with the investment community and provides an opportunity for stakeholders to gain insights into the company's strategies and outlook.

OutKick, a national multimedia sports platform owned by FOX , reported strong growth in July 2024. The platform achieved 25 million multiplatform views (up 8% from June) and 24 million multiplatform minutes (up 15% from June). Year-over-year, OutKick saw a 6% increase in multiplatform views and reached 8.2 million unique visitors. On social media, OutKick garnered 891k social actions and 11.2 million video views across Facebook, X (formerly Twitter), YouTube, and Instagram. The growth coincides with the launch of Ricky Cobb's new daily show on OutKick.com, featuring celebrity interviews and unique content at the intersection of sports, culture, and news.

FOX News Digital achieved its best month since January 2021 in July 2024, leading as the top news brand with 3.9 billion multiplatform minutes and 1.9 billion multiplatform views. The platform saw double-digit growth across all key performance indicators compared to the previous month and year. FOX News was the most engaged brand on social media with 42 million total interactions, a 39% year-over-year increase. FOXBusiness.com outperformed CNN Business and Bloomberg.com in multiplatform views. Compared to major competitors CNN.com and NYTimes.com, FOX News Digital showed significant growth in total views, minutes, and unique visitors.

FOX News Media has promoted Trey Yingst to chief foreign correspondent, announced by CEO Suzanne Scott. Yingst will continue to provide global coverage of international events. Additionally, he will author 'Black Saturday' for FOX News Books, set to publish on October 1st, 2024. The book offers a firsthand account of the October 7, 2023 terrorist attack in Israel and the ongoing war in Gaza.

Yingst, based in Jerusalem, was the first U.S. reporter on the scene during the Hamas attacks on Israel and continues to lead FNC's coverage of the Israel-Hamas war. He has also reported on major global events, including Russia's invasion of Ukraine and the U.S. troop withdrawal from Afghanistan. Throughout his career, Yingst has interviewed key international figures and broken numerous stories from conflict zones.

Fox reported its Q4 and full-year fiscal 2024 results. Q4 revenues increased 2% to $3.09 billion, with net income of $320 million and Adjusted EBITDA of $773 million, up 5% year-over-year. Full-year revenues were $13.98 billion, down from $14.91 billion in FY2023, with net income of $1.55 billion and Adjusted EBITDA of $2.88 billion.

Key highlights include:

• Q4 affiliate fee revenues up 5%, driven by 9% growth in Television segment
• Full-year affiliate fee revenues increased 4%
• Tubi achieved position as most watched free TV/movie streaming service in U.S.
• FOX News saw ratings and share growth
• Board authorized dividend increase to $0.27 per share
• $250 million in share repurchases during Q4

OutKick, a national multimedia sports platform owned by FOX , has announced the launch of The Ricky Cobb Show on August 12th. The 90-minute daily show, hosted by Ricky Cobb of @Super70sSports fame, will air live at 11 AM/ET. The show aims to blend Cobb's humor and extensive knowledge of sports and culture, featuring interviews with notable figures and signature segments.

Gary Schreier, OutKick's Senior VP and Managing Editor, expressed excitement about introducing Cobb's engaging personality to the OutKick audience. Cobb himself views the show as an opportunity to expand his reach beyond X (formerly Twitter) and spark engaging discussions. The Ricky Cobb Show will be available on OutKick.com, OutKick's social channels, and major podcast platforms, potentially reaching tens of millions of fans monthly.

FOX Weather, FOX News Media's free ad-supported streaming television weather service, has made two significant hires. Mike Seidel, a veteran meteorologist with over 30 years of experience at The Weather Channel, has joined as a meteorologist and storm specialist. Additionally, Ari Sarsalari, formerly of The Weather Channel App, has also joined the FOX Weather team.

Seidel, known for covering major weather events including numerous hurricanes, tropical storms, and sporting events, made his FOX Weather debut covering Hurricane Debby. His extensive experience, including over 25,000 live shots, is expected to be invaluable as FOX Weather continues to grow. Sarsalari brings nearly a decade of experience from The Weather Channel App.

FOX Weather, available through various platforms including foxweather.com, mobile apps, and connected TVs, offers comprehensive weather coverage with a team of 120 meteorologists and innovative forecasting approaches.