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.
FOX Business Network (FBN) will air America Votes Together on Tuesday, October 27 at 2PM/ET. Hosted by Charles Payne, the virtual town hall focuses on how presidential candidates' economic policies may affect Americans' finances a week before the 2020 election. The program features insights from FBN experts, including Neil Cavuto and Liz Claman, addressing voters' economic concerns amidst the COVID-19 crisis. Viewers can submit questions for the panel via email. FBN is a leading financial news channel available in nearly 80 million homes across the U.S.
FOX News Media will introduce innovative election technology during the 2020 presidential race coverage on November 3. Broadcasting from Studio F, the team will employ immersive 3D graphics and advanced studio tech for real-time updates. Key features include the Presidential Race Scoreboard and Predictability Meters, which will analyze race outcomes with statistical models. The FOX News Digital platform will offer state-level visual data and real-time results. FOX News Digital and Mobile App will provide up-to-date election news, enhancing viewer engagement throughout the election night.
FOX News Media has confirmed that John Roberts will continue as the chief White House correspondent under a new multi-year contract. CEO Suzanne Scott praised Roberts for his extensive experience and contributions to political coverage. With a career spanning over two decades, he has reported on numerous significant events, including presidential elections and major crises. FOX News Channel remains the leading network in cable news, reaching 200 million viewers monthly.
FOX News Media has broadened the reach of its international streaming platform, FOX News International, now available in 15 countries across Europe. Originally launched in Mexico and the UK, the service will target over 20 countries by early 2021. New countries included in the expansion are Austria, Belgium, Denmark, Finland, Greece, Hungary, Luxembourg, Netherlands, Poland, Romania, and Sweden. The platform can be accessed via mobile and OTT devices, with plans for further device compatibility, including Amazon Fire TV and Roku.
FOX News Digital achieved record-breaking results in Q3 2020, with nearly 6.1 billion multiplatform views and 14.2 billion multiplatform minutes, marking substantial growth of 14% and 19% year-over-year, respectively. September saw the mobile app reach its highest unique visitor count, outperforming CNN for the 22nd consecutive month. Additionally, FOXBusiness.com recorded its best quarter with 31.5 million monthly unique visitors. Notably, FOX News was the most engaged news brand on social media, generating over 154 million Facebook interactions.
Fox Corporation (NASDAQ: FOXA, FOX) will announce its first quarter fiscal 2021 financial results through a live audio webcast on November 3, 2020, starting at 8:30 a.m. ET. Results will be available earlier at 8:00 a.m. ET. Interested participants can access the webcast and its archive at investor.foxcorporation.com. Fox Corporation is known for its strong portfolio in news, sports, and entertainment, leveraging its brands like FOX News Media and FOX Sports to engage audiences and create significant relationships with advertisers.
FOX News Media has announced a three-book deal with HarperCollins Publishers, featuring works by prominent FOX News personalities like Pete Hegseth and Shannon Bream. This partnership aims to leverage FOX's extensive content library to enhance viewer engagement. The inaugural title, Modern Warriors: Real Stories from Real Heroes, will be released on November 24 and highlights veteran stories. Bream's inspirational book on influential women from the Bible is set for spring 2021. With a strong history in book sales, FOX aims to further establish its presence in the publishing sector.
Fox Corporation (Nasdaq: FOXA, FOX) announced that Executive Chairman and CEO Lachlan Murdoch will speak at the BofA Securities 2020 Media, Communications and Entertainment Virtual Conference on September 10 at 12:35 PM Eastern (9:35 AM Pacific). A live and archived webcast of the presentation will be available on the Fox Corporation investor website. Fox Corporation delivers news, sports, and entertainment content through brands like FOX News Media and FOX Sports, maintaining a strong presence in the media landscape. For more details, visit their official website.
Fox Corporation reported its financial results for the year ended June 30, 2020, revealing total quarterly revenues of $2.42 billion, a 4% decrease from the prior year. Net income dropped to $145 million, down from $465 million, mainly due to increased impairment charges. Full year revenues rose 8% to $12.30 billion, driven by the Television segment. However, net income decreased to $1.06 billion from $1.64 billion. The company declared a dividend of $0.23 per share, payable on October 7, 2020, amid ongoing challenges posed by the COVID-19 pandemic affecting advertising revenues.
Fox Corporation (Nasdaq: FOXA, FOX) will discuss its fourth quarter and full year fiscal 2020 financial results on August 4, 2020, at 5:30 p.m. ET. Results will be released after market close on the same day. Investors can access the live audio webcast and its archive at investor.foxcorporation.com. Fox Corporation is known for its prominent brands including FOX News Media, FOX Sports, and FOX Entertainment, focusing on delivering news, sports, and entertainment content.
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