Fox (FOX) Stock News

FOX News Channel (FNC) appointed Jacqui Heinrich as White House correspondent, covering President Biden's agenda alongside Peter Doocy. Aishah Hasnie advances to Congressional correspondent, while Alexandria Hoff joins as a general assignment reporter. Heinrich, previously FNC's Congressional correspondent, has significant experience, including key events during the 2020 election cycle. Hasnie is recognized for impactful reporting during the COVID-19 pandemic. Hoff previously worked at CBS in Philadelphia, covering elections and major events. FNC remains a leading news service with high viewer trust and engagement.

Fox Corporation (Nasdaq: FOXA, FOX) reported strong financial results for Q4 2021, with a net income of $272 million, up from $145 million year-over-year. Quarterly revenues increased by 20% to $2.89 billion, driven by a 38% rise in advertising revenues. For the full year, net income reached $2.20 billion, a substantial increase from $1.06 billion in the previous year. The company declared a semi-annual dividend of $0.24 per share and continued its share repurchase program, having repurchased $1.17 billion in Class A stock. However, challenges from COVID-19 persist, affecting content production and advertising spending.

FOX Business Network (FBN) will launch FBN Prime on September 20, featuring a lineup of new primetime programs that highlight American industry and success stories. The series includes How America Works, hosted by Mike Rowe, and American Built, led by Stuart Varney. Following shows include American Dream Home and Mansion Global. The new programming aims to engage viewers with inspiring narratives while honoring key sectors of the American economy.

FOX News Channel (FNC) ranked as the most-watched basic cable network in July, achieving an average of 2.1 million viewers in primetime. The network dominated viewership with 61 of the top 100 cable telecasts. CNN faced a significant decline, losing over half its audience, while MSNBC also saw major losses. FNC's Tucker Carlson Tonight was the top-rated program, averaging over 3 million viewers. FNC sustained minimal viewership declines compared to its competitors, highlighting its strong position in the market.

Fox Corporation (Nasdaq: FOXA, FOX) will present its fourth quarter and full year fiscal 2021 financial results in a live audio webcast on August 4, 2021, starting at 4:30 p.m. ET. Results will be available at approximately 4:00 p.m. ET the same day. The webcast can be accessed live and archived on investor.foxcorporation.com. Fox Corporation is known for its significant news, sports, and entertainment content through brands like FOX News Media and FOX Sports.

FOX News Digital achieved top rankings in Q2 2021, amassing over 4.7 billion multiplatform views and nearly 9.9 billion minutes of engagement, according to Comscore. In June alone, it surpassed CNN.com with 2.9 billion minutes and 1.5 billion views. The FOX News Mobile App drove 7 million unique visitors. FOXBusiness.com saw significant growth, with a 14% increase in views and minutes year-over-year. Despite leading metrics, there were declines compared to 2020, with unique visitors down 25% and total minutes down 26% for Q2.

Fox Corporation has appointed Brian Nick as the new Executive Vice President and Chief Communications Officer, effective at the end of July 2021. Nick joins from Coca-Cola Consolidated, bringing extensive experience in communications, including previous roles at Walmart and the National Republican Senatorial Committee. Lachlan Murdoch, Chairman and CEO, expressed enthusiasm about Nick's wealth of experience and potential to strengthen FOX's voice in the market. FOX, known for its influential news and entertainment brands, aims to leverage Nick's expertise to enhance internal and external communications.

FOX Weather, the AVOD streaming service of FOX News Media, has signed six meteorologists to anchor its programming, announced president Sharri Berg. The team includes Jason Frazer, Britta Merwin, Craig Herrera, Brigit Mahoney, Nick Kosir, and Stephen Morgan, each bringing unique regional expertise. The service aims to enhance weather coverage and engage viewers with diverse perspectives. FOX Weather capitalizes on FOX Corporation's strong media presence, reaching 200 million people monthly and currently leading cable viewership in news.

In May, FOX News Digital achieved significant milestones, surpassing CNN.com in total multiplatform minutes for the third consecutive month with nearly 3.4 billion total multiplatform minutes, despite a 20% decline from the previous year. The digital network also recorded 1.6 billion total multiplatform views, outpacing CNN by 18 million views. Unique visitors totaled 85 million, down 25% year-over-year. FOXBusiness.com experienced a noteworthy 44% increase in multiplatform views and a 41% rise in multiplatform minutes compared to the previous year.