Fox Ord Stock Price, News & Analysis

Fox Corporation (Nasdaq: FOXA, FOX) is a media company focused on producing and distributing news, sports and entertainment content. According to its public statements, the company organizes its activities around a portfolio of domestic brands that includes FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. Through these brands, Fox Corporation participates in the U.S. television broadcasting and streaming markets, combining traditional linear networks with digital and direct-to-consumer offerings.

Fox Corporation reports its results through at least two major operating segments described in its disclosures: Cable Network Programming and Television. The Cable Network Programming segment includes cable channels such as Fox News and Fox Business, as well as pay TV sports networks. The Television segment includes the FOX broadcast network and a group of owned and operated local television stations. Polygon data also notes that the company operates the ad-supported streaming platform Tubi within its television-related activities.

In its own descriptions, Fox Corporation emphasizes that its brands have cultural significance for viewers and commercial importance for distributors and advertisers. The company highlights that the breadth of its footprint allows it to deliver content that engages and informs audiences, deepen consumer relationships and develop product offerings for business partners. Fox also states that it has a long record of operating success in news, sports and entertainment, and that this experience shapes its approach to building on existing strengths and investing in new initiatives.

Business segments and platforms

Within cable networks, Fox Corporation cites FOX News Media and FOX Sports as primary brands. FOX News Media encompasses FOX News Channel and related properties, while FOX Sports covers national and regional sports programming. Polygon data further indicates that cable networks primarily include Fox News, Fox Business and several pay TV sports stations, with much of this content distributed through the pay TV bundle.

The Television segment includes the FOX broadcast network and a portfolio of local television stations. Polygon data notes that Fox owns and operates multiple local stations, many of which are affiliated with the FOX network. These stations, together with the national network, form the core of the company’s broadcast television presence.

Fox Corporation also identifies Tubi Media Group as the home of its digital businesses and streaming services, including Tubi, FOX One, Red Seat Ventures, AdRise and Credible. Tubi is described in Polygon data as a streaming platform that is not subscription-based and is completely ad-supported. Company news releases describe Tubi Media Group as overseeing FOX’s digital growth strategy, core platforms and systems, product engineering teams, research and development and the Office of the CTO.

Streaming and direct-to-consumer initiatives

Fox Corporation has publicly detailed its strategy in streaming and direct-to-consumer services. Tubi is characterized as an AVOD (ad-supported video on demand) service that contributes to digital advertising growth within the Television segment. Company financial disclosures attribute part of advertising revenue growth to digital performance led by Tubi.

In addition, Fox Corporation has launched FOX One, described as a wholly owned direct-to-consumer streaming service that brings together live and on-demand content from FOX’s news, sports and entertainment brands. FOX One is presented as a platform designed for cord-cutters and cord-nevers, offering access to FOX News Channel, FOX Sports, the FOX Network, Big Ten Network (BTN), FOX Business, FOX Weather, FS1, FS2, FOX Deportes, FOX Local Stations and FOX Nation through a bundle. The company states that FOX One is built to integrate live and on-demand content and uses technology developed within Tubi Media Group.

Company communications describe FOX One as engineered for a live-first experience, with features such as personalized content discovery, recording capabilities, highlight catch-up and short-form vertical video content. Fox also notes that FOX One incorporates AI-powered elements for discovery, search and support, though these descriptions are framed at a high level rather than as detailed technical specifications.

Content focus: news, sports and entertainment

Fox Corporation’s own "About" statements consistently describe its focus on news, sports and entertainment content. FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations are cited as the primary vehicles for this content. The company points to live news coverage, live sports events and entertainment programming as central to its offering.

Polygon data notes that after selling most of its entertainment assets to Disney in 2019, Fox Corporation no longer created certain entertainment content and relied heavily on live news and sports tied to the pay TV bundle. More recent company descriptions, however, explicitly include FOX Entertainment among its primary brands and refer to entertainment content revenues within the Television segment, indicating that entertainment programming continues to play a role in its business.

Ownership and capital structure context

Fox Corporation’s Class A common stock (FOXA) and Class B common stock (FOX) are listed on The Nasdaq Global Select Market, as disclosed in its Form 8-K filings. The company has described secondary offerings of Class B common stock by trusts established for the benefit of members of the Murdoch family, noting that Fox itself did not sell shares and did not receive proceeds from those offerings.

Polygon data notes that the Murdoch family controls Fox. Recent SEC filings and press releases discuss the Murdoch Family Trust, the establishment of new trusts, and the role of LGC Holdco, LLC as an entity owned by remaining beneficiary trusts. A Form 8-K describes a stockholders agreement that, among other things, limits the combined voting power of specified Murdoch-related entities and individuals with respect to the company’s Class B common stock and provides for forfeiture of votes above a stated threshold.

Financial reporting and segments

Fox Corporation’s financial communications describe revenues across distribution, advertising and content and other categories. Segment disclosures separate performance for Cable Network Programming and Television, with additional information for Corporate and Other. The company attributes distribution revenues to contractual price increases and affiliate fees, advertising revenues to factors such as digital growth led by Tubi, news pricing and sports pricing and ratings, and content and other revenues to entertainment and sports-related activities.

In its earnings materials, Fox discusses metrics such as Adjusted EBITDA, Adjusted Net Income and Adjusted EPS, explaining that these non-GAAP measures are used by management to evaluate performance exclusive of certain items. The company notes that these measures are not substitutes for GAAP metrics but are intended to provide additional perspective on operating results.

Corporate governance and Murdoch Family Trust developments

Fox Corporation has reported on developments related to the Murdoch Family Trust (MFT). In a Form 8-K and accompanying press releases, the company states that the trustee and beneficiaries of the MFT reached a mutual resolution of legal proceedings in Nevada, resulting in the termination of litigation. New trusts are to be established for the benefit of certain Murdoch family members, while other beneficiaries will cease to have interests in trusts holding shares in Fox Corporation or News Corporation.

The company further reports that new trusts for departing beneficiaries will receive cash consideration funded in part by public sales of Class B common stock of Fox Corporation and News Corporation. Following these transactions, LGC Holdco, owned by remaining beneficiary trusts, is expected to hold a significant portion of Fox’s Class B common stock. The company notes that voting control of shares held by LGC Holdco will rest with Lachlan Murdoch through his role as managing director of that entity, and that Rupert Murdoch will continue as Chairman Emeritus.

Digital partnerships and content deals

Fox Corporation, through Tubi Media Group, has announced partnerships that illustrate its approach to digital content and advertising. One example is a multi-year agreement with Audiochuck, an independent media company known for true crime podcasts such as Crime Junkie. Under this arrangement, Tubi Media Group receives exclusive distribution and advertising sales rights for certain Audiochuck shows, the development of a Crime Junkie FAST (free ad-supported streaming television) channel on Tubi and FOX One, and an on-demand collection of video podcast episodes.

The company has also described Red Seat Ventures as a partner responsible for ad sales across Audiochuck’s programs and podcasts in connection with that deal. Tubi Media Group is presented as a central hub for FOX’s digital strategy, including streaming platforms and related technology and monetization efforts.

Direct-to-consumer bundling strategy

Fox Corporation has outlined a bundling strategy for its FOX One streaming service. The company has announced that FOX One can be bundled with offerings such as FOX Nation and B1G+ within its own platform. In addition, Fox has disclosed an agreement with ESPN’s direct-to-consumer service to offer a combined bundle that includes FOX One and ESPN’s DTC Unlimited offering for a single monthly price.

In describing this bundle, Fox highlights that viewers will have access to a wide range of sports content across both services, referencing leagues and events carried by ESPN’s networks and FOX’s sports properties. The company positions this collaboration as a way to provide value and a more streamlined experience for sports fans who want access to multiple sports-focused services.

Role in the television broadcasting and information sector

Within the broader information and television broadcasting sector, Fox Corporation presents itself as a company centered on live programming and real-time content. Company materials emphasize live news coverage, live sports, and live entertainment events as defining elements of its offering. FOX Television Stations are described as a local news powerhouse producing extensive local news hours each week across linear and streaming platforms.

At the same time, Fox highlights its digital reach, citing online engagement metrics for FOX News and the role of Tubi and FOX One in reaching audiences who are outside the traditional cable bundle. This combination of cable networks, broadcast stations and streaming platforms forms the structural basis of the company’s presence in the media landscape, as described in its own communications.

FAQs about Fox Corporation (FOXA)

• What does Fox Corporation do?
  Fox Corporation produces and distributes news, sports and entertainment content through brands such as FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations, across cable networks, broadcast television and streaming platforms.
• How is Fox Corporation organized from a business standpoint?
  Fox Corporation reports operations through segments that include Cable Network Programming and Television. Cable Network Programming covers channels like Fox News, Fox Business and sports networks, while Television includes the FOX broadcast network, owned and operated local stations and streaming platform Tubi.
• What are Fox Corporation’s primary streaming and digital platforms?
  According to company statements, Fox’s primary streaming and digital platforms include Tubi, an ad-supported video-on-demand service, and FOX One, a direct-to-consumer streaming service that aggregates live and on-demand content from FOX’s news, sports and entertainment brands.
• How does Fox Corporation describe the role of Tubi Media Group?
  Tubi Media Group is described as the home of FOX’s digital businesses and streaming services, including Tubi, FOX One, Red Seat Ventures, AdRise and Credible, and is tasked with overseeing FOX’s digital growth strategy, platforms and systems, product engineering, research and development and the Office of the CTO.
• What is FOX One and who is it aimed at?
  FOX One is Fox Corporation’s wholly owned direct-to-consumer streaming service that brings together live and on-demand content from FOX News Channel, FOX Sports, the FOX Network, FOX Business, FOX Weather, FS1, FS2, BTN, FOX Deportes, FOX Local Stations and FOX Nation through a bundle. The company states that it is designed for cord-cutters and cord-nevers.
• How does Fox Corporation generate advertising revenue according to its disclosures?
  In its financial communications, Fox attributes advertising revenue to factors such as digital growth led by the Tubi AVOD service, stronger news pricing and higher sports pricing and ratings, while noting that political advertising can fluctuate and affect results.
• What information is available about Fox Corporation’s capital structure and listings?
  Fox Corporation’s Form 8-K filings state that its Class A common stock trades under the symbol FOXA and its Class B common stock trades under the symbol FOX, both on The Nasdaq Global Select Market.
• What has Fox Corporation disclosed about the Murdoch Family Trust and control arrangements?
  Fox has reported that the Murdoch Family Trust litigation in Nevada was resolved, with new trusts established for certain beneficiaries and others ceasing to be beneficiaries in trusts holding Fox shares. A new stockholders agreement with LGC Holdco and related trusts includes limits on the combined voting power of specified Murdoch-related entities and individuals and provides for vote forfeiture above a set threshold.
• Does Fox Corporation still focus on entertainment content?
  Polygon data notes that Fox sold most of its entertainment assets to Disney in 2019 and relied heavily on live news and sports. More recent company materials, however, list FOX Entertainment as one of Fox’s primary brands and refer to entertainment content revenues, indicating that entertainment programming remains part of its portfolio.
• How does Fox Corporation describe its position in news and sports?
  In its own "About" statements, Fox Corporation highlights an extensive record in news, sports and entertainment and notes that its brands hold cultural significance for consumers and commercial importance for distributors and advertisers, without assigning specific rankings or market share figures.