Welcome to our dedicated page for Fox Ord news (Ticker: FOXA), a resource for investors and traders seeking the latest updates and insights on Fox Ord stock.
Fox Corporation (Nasdaq: FOXA, FOX) generates a steady flow of news driven by its focus on live news, sports and entertainment across cable networks, broadcast television and streaming platforms. Company press releases highlight developments at FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations, as well as corporate actions and capital markets activity.
Investors and followers of FOXA news see updates on financial results, such as quarterly earnings releases that break down revenues by distribution, advertising and content and other categories for the Cable Network Programming and Television segments. These announcements often discuss factors behind advertising trends, including digital growth led by the Tubi AVOD service, news pricing and sports ratings.
Fox Corporation’s news flow also covers product and platform launches and partnerships. Recent examples include the launch of FOX One, a direct-to-consumer streaming service bringing together live and on-demand content from FOX’s news, sports and entertainment brands, and a multi-year deal between Tubi Media Group and Audiochuck for exclusive distribution and advertising sales on true crime podcasts and related video content. The company also reports on bundling arrangements, such as the combined offer of FOX One with ESPN’s direct-to-consumer service.
Corporate governance and ownership matters are another recurring theme in FOXA news. Press releases and related SEC filings have detailed the resolution of legal proceedings involving the Murdoch Family Trust, the establishment of new trusts, and secondary offerings of Class B common stock by trusts for certain Murdoch family members, with Fox noting that it does not receive proceeds from those sales.
In addition, Fox Corporation announces participation by its executives in investor conferences and webcasts, providing schedules and access details for presentations. For readers tracking FOXA, this news page brings together these earnings updates, strategic streaming initiatives, partnership announcements, governance developments and investor relations events in one place.
FOX News Media has filed a motion to dismiss the lawsuit from Dominion Voting Systems, arguing it infringes on media free speech rights. Key points include that Dominion failed to prove actionable defamation and did not allege actual malice by FOX. The motion emphasizes the press's role in covering newsworthy government proceedings and states that the allegations against Dominion existed before the presidential election. FOX asserts that Dominion's claims lack substantial legal basis, referencing protections under New York's Anti-SLAPP statute and asserting that the lawsuit threatens press freedoms.
In April, FOX News Digital surpassed CNN.com in total multiplatform minutes for the second consecutive month, achieving over 3.5 billion total multiplatform minutes. The network attracted over 89 million unique visitors and nearly 1.7 billion views, outperforming major news brands. Additionally, FOX News led social media engagement for the 80th consecutive month and dominated YouTube views with over 240 million, reflecting a 54% increase month-over-month. FOXBusiness.com also showed strong performance with over 20 million unique visitors.
FOX Nation, the streaming platform of FOX News Media, is honoring Memorial Day by offering one year of free access to all active U.S. military members and veterans through its Grateful Nation initiative from May 24-31. The promotion coincides with new themed programming showcasing heroic stories of veterans, including Hero Dogs, America’s Top Ranger, Modern Warriors, and USA Ink. FOX Nation aims to celebrate and support service members while providing extensive content dedicated to military experiences.
FOX News Channel will debut a new weekend programming lineup on June 5-6, featuring Trey Gowdy and Dan Bongino in prominent time slots. Gowdy will host a live program at 7 PM/ET on Sundays, focusing on legal and political analysis, while Bongino will host a new show at 10 PM/ET on Saturdays that will address pressing news topics. The network will also permanently add The Big Saturday Show and The Big Sunday Show from 5-6 PM/ET, emphasizing diverse viewpoints. FOX News continues to dominate cable news, available in nearly 90 million homes.
Fox Corporation (Nasdaq: FOXA, FOX) will have Executive Chairman and CEO Lachlan Murdoch participating at the 8th Annual MoffettNathanson Media & Communications Summit on May 13, 2021, at 3:00 PM Eastern. A live and archived webcast will be accessible via investor.foxcorporation.com.
Fox Corporation specializes in producing and distributing news, sports, and entertainment content with brands like FOX News Media, FOX Sports, and FOX Entertainment. The company emphasizes consumer engagement and innovative product offerings.
Fox Corporation (Nasdaq: FOXA, FOX) announced its acquisition of Outkick Media, led by Clay Travis, strengthening its position in digital media and sports wagering. The acquisition aims to enhance FOX's digital portfolio, integrating Outkick's sports content across various channels. Outkick, a leader in sports and opinion content, provides significant marketing support to FanDuel. With a highly engaged audience, Outkick's platforms report over 10 million monthly listeners and substantial podcast downloads. Clay Travis will remain President of Outkick post-acquisition.
Fox Corporation (Nasdaq: FOXA, FOX) reported strong quarterly financials for the period ending March 31, 2021. Quarterly net income soared to $582 million, up from $90 million the prior year, driven largely by changes in fair value of investments. Total revenues fell to $3.22 billion from $3.44 billion, mainly due to the absence of Super Bowl LIV broadcasts. However, affiliate revenues increased by 10%. Adjusted EBITDA stood at $899 million, slightly lower than $920 million year-over-year. The company also emphasized strong results at Tubi and its sports rights expansions.
FOX News Channel has announced key leadership changes within its New York and Washington teams. Megan Albano is promoted to Vice President of weekend opinion programming, while Jerry Andrews becomes Senior Executive Producer for weekend daytime news. Greg Headen will serve as Vice President of News Coverage, managing both domestic and international assignments. Doug Rohrbeck is elevated to Senior Vice President of D.C. News, overseeing editorial coverage. Kerri Kupec will take on the role of Washington editor starting May 10. These appointments aim to strengthen FOX News' commitment to diverse perspectives and robust news operations.
FOX News Channel (FNC) continued its dominance in April 2021, ranking as the most-watched cable network across total day and primetime viewers, leading in the key 25-54 demographic. FNC attracted 1.2 million total viewers during the day and 2.2 million during primetime. Noteworthy programs included Gutfeld!, which became the top-rated cable program in its debut month, and Tucker Carlson Tonight, averaging 3 million viewers. FNC solidified its status as the leading cable news channel with significant viewer engagement, outperforming competitors CNN and MSNBC.
FOX News Media and personalities Maria Bartiromo, Judge Jeanine Pirro, and Lou Dobbs have filed replies to support their motions to dismiss a lawsuit by Smartmatic. These moves follow an earlier dismissal motion from February. The replies argue that the lawsuit poses a threat to news reporting and lack evidence of actual malice. They assert that Smartmatic, embroiled in a national controversy, cannot escape public scrutiny. The responses emphasize First Amendment protections in journalism, highlighting that the coverage of allegations is critical to democracy's truth-seeking process.