STOCK TITAN

Fox Corporation Class B - FOX STOCK NEWS

Welcome to our dedicated page for Fox Corporation Class B news (Ticker: FOX), a resource for investors and traders seeking the latest updates and insights on Fox Corporation Class B stock.

Fox Corporation (NASDAQ: FOXA, FOX) is a leading American news, sports, and entertainment company. Operating through two segments—Cable Networks and Television—Fox Corporation's prominent brands include Fox News, Fox Business, Fox Sports, and the Fox Television Stations. The company also boasts the ad-supported streaming platform, Tubi.

The Cable Networks segment features major entities such as Fox News and Fox Business, alongside various pay-TV sports stations. Meanwhile, the Television segment encompasses the Fox broadcast network, which operates 28 owned and operated local television stations, with 18 affiliated to the Fox network. Tubi, known for its vast library of free, ad-supported streaming content, is also part of the Television segment.

Significantly, in 2019, Fox Corporation sold most of its entertainment assets to Disney, pivoting its focus primarily on live news and sports content. The Murdoch family maintains control over Fox.

Recently, Fox Corporation reported total quarterly revenues of $3.45 billion for the three months ended March 31, 2024, compared to $4.08 billion in the prior year quarter. However, the company saw a 4% increase in affiliate fee revenues, driven by a 9% growth in the Television segment and a 1% growth in Cable Network Programming. Advertising revenues were recorded at $1.24 billion, compared to $1.88 billion the previous year, which had included the Super Bowl LVII broadcast.

In terms of profitability, Fox reported a quarterly net income of $704 million, up from a net loss of $50 million in the previous year. This improvement reflects the absence of prior charges related to legal settlements at Fox News Media and a gain on USFL assets contributed to the United Football League joint venture. Adjusted net income attributable to Fox Corporation stockholders was $520 million, or $1.09 per share.

Fox Corporation continues to be a pivotal player in the media landscape, leveraging its strong brand presence and commitment to delivering engaging news and sports content. For more information, visit Fox Corporation's website.

Rhea-AI Summary

FOX News Media is launching a new Spanish-language program, FOX Noticias, on FOX Deportes starting October 15th. The one-hour daily show, hosted by Rachel Campos-Duffy, will air weekdays at 4 PM/ET and focus on issues impacting the Hispanic community. Additionally, FOX News Digital is introducing a Spanish version of FOXNews.com, available at Noticias.FOXNews.com.

FOX News ranks as the top destination in cable news among Hispanic viewers, with 36% of the Hispanic cable news total viewing share. The network showed significant growth in Hispanic viewership, up 65% in total day viewers and 114% in the 25-54 demographic during the most recent quarter.

FOX Noticias will cover major news in politics, economy, immigration, and cultural trends, featuring interviews and sports highlights. The content will be available across various platforms, including FOX Nation, YouTube, and social media.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
none
-
Rhea-AI Summary

FOX Nation has signed a deal to become the exclusive partner for new seasons of the hit series 'God. Family. Football.' The show will premiere on October 11th, with eight new episodes releasing every Friday night throughout the fall. A second season is slated for 2025. The series follows the Evangel Christian Academy football team in Shreveport, Louisiana, under the guidance of legendary coach Pastor Denny Duron.

This launch marks the beginning of FOX Nation's 'FOX Faith' vertical, featuring hundreds of hours of religious content. Notable additions include 'Martin Scorsese Presents: The Saints' premiering on November 17th, and 'Jesus Crown of Thorns', a docudrama retelling the life of Jesus. The initiative aims to provide compelling and inspiring content to viewers throughout the holiday season.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
none
-
Rhea-AI Summary

FOX News Channel's Gutfeld! achieved its highest-rated telecast on September 18th, drawing 4.9 million viewers and 744,000 in the 25-54 demo. The episode featured former President Donald Trump's first late-night appearance since 2016. Gutfeld! outperformed all cable and broadcast primetime shows, including CBS's Survivor (4.7 million viewers) and ABC's The Golden Bachelorette (2.8 million viewers).

The show also surpassed other late-night programs, including CBS' The Late Show with Stephen Colbert, ABC's Jimmy Kimmel Live!, and NBC's The Tonight Show with Jimmy Fallon. Since its launch in April 2021, Gutfeld! has increased its audience by 81% in total viewers. The show attracts more Independents and Democrats than its competitors and boasts the most affluent audience in the 25-54 demo.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
Rhea-AI Summary

OutKick, a national multimedia sports platform owned by FOX , reported significant growth in August 2024. The platform saw an 8% year-over-year increase in unique visitors, reaching 5.6 million. Total multiplatform views rose by 39% to 26 million, while total multiplatform minutes increased by 19% to 23 million. Social media engagement also surged, with 1.6 million social actions across Facebook, X (formerly Twitter), and Instagram, marking a 90% increase from the previous month and a 204% year-over-year growth. Video views on these platforms, including YouTube, reached 11.1 million. OutKick, founded by Clay Travis, focuses on sports, sports culture, pop culture, and news content.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
none
-
Rhea-AI Summary

FOX News Digital led news brands in August with 3.3 billion total multiplatform minutes and 1.7 billion total multiplatform views. The platform reached 114 million unique visitors, marking a 24% year-over-year increase. FOX News dominated social media engagement with 39 million total interactions, a 62% year-over-year gain. On YouTube, FOX News saw a 48% increase in video views. FOXBusiness.com outperformed competitors, securing 175 million multiplatform views. The FOX News Mobile App attracted 6.3 million unique visitors. These figures underscore FOX News Digital's strong performance across various digital platforms and social media channels, reinforcing its position as a leading digital news source.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
none
-
Rhea-AI Summary

FOX Weather, FOX News Media's free ad-supported streaming television service, has expanded its distribution to DIRECTV. Available on channel 363 for DIRECTV customers with the Entertainment package or higher, this move significantly increases FOX Weather's reach. The service, launched in October 2021, has rapidly grown its distribution network, now including major platforms like Samsung TV Plus, Pluto TV, and YouTube TV.

FOX Weather offers 24/7 weather coverage with a team of 120 meteorologists, providing local, regional, and national reporting. The service utilizes advanced technology, including an immersive mobile 3D radar, to deliver comprehensive weather forecasting. It's accessible through various platforms, including its website, mobile apps, and connected TVs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
Tags
none
Rhea-AI Summary

FOX Nation is launching a new five-episode docuseries, 'Truths with Vivek Ramaswamy', premiering on September 22, 2024. The series, hosted by former Republican presidential candidate and entrepreneur Vivek Ramaswamy, will explore conservative perspectives on various topics including American national identity, international conflicts, and religion. A condensed version will air on FOX News Channel at 10 PM/ET on the same day.

Additionally, FOX Nation will release 'Just Ask: Vivek Ramaswamy' on September 20, a one-hour forum moderated by Pete Hegseth where Ramaswamy answers audience questions. The series aims to present a positive alternative to the left's vision for the future and discuss what conservatives stand for beyond being anti-woke, anti-globalist, and anti-big government.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
conferences
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
partnership
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
Tags
conferences
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
none

FAQ

What is the current stock price of Fox Corporation Class B (FOX)?

The current stock price of Fox Corporation Class B (FOX) is $42.87 as of November 15, 2024.

What is the market cap of Fox Corporation Class B (FOX)?

The market cap of Fox Corporation Class B (FOX) is approximately 19.9B.

What are the main segments of Fox Corporation?

Fox Corporation operates in two main segments: Cable Networks and Television.

Which brands are part of Fox Corporation?

Fox Corporation's brands include Fox News, Fox Business, Fox Sports, and Tubi.

What is Tubi?

Tubi is Fox Corporation's ad-supported streaming platform offering a wide range of free content.

How did Fox Corporation perform financially in the latest quarter?

Fox Corporation reported $3.45 billion in revenues and a net income of $704 million for the three months ended March 31, 2024.

What major change occurred in Fox Corporation in 2019?

In 2019, Fox Corporation sold the majority of its entertainment assets to Disney, focusing on live news and sports.

Who controls Fox Corporation?

The Murdoch family controls Fox Corporation.

What caused the drop in advertising revenues in the latest quarter?

The drop in advertising revenues was primarily due to the absence of the Super Bowl LVII broadcast and fewer NFL games.

What is Fox Corporation's strategy moving forward?

Fox Corporation is focused on leveraging its brand strength in news and sports, engaging audiences, and investing in new initiatives.

What is the role of Fox Sports within the company?

Fox Sports is a key component of Fox Corporation, delivering live sports content across various platforms.

Where can I find more information about Fox Corporation?

For more information, you can visit Fox Corporation's official website.

Fox Corporation Class B

Nasdaq:FOX

FOX Rankings

FOX Stock Data

19.90B
235.58M
43.97%
55.15%
0.68%
Entertainment
Television Broadcasting Stations
Link
United States of America
NEW YORK