Tag: Fox Corporation

Fox Corporation swung to a Q3 profit of $704 million on revenues that were down from $4.08 billion a year ago to $3.45 billion.

FuboTV has filed an antitrust lawsuit against The Walt Disney Company, FOX Corporation and Warner Bros. Discovery (WBD) over their planned sports streaming service.

Fox Corporation took a hit in profit in its second fiscal quarter due in part to a 20 percent drop in advertising revenue.

Fox Corporation's Q1 revenues were largely stable at $3.21 billion, while net profit fell by 33 percent to $407 million amid higher expenses.

Fox Corporation and News Corporation have revealed that Rupert Murdoch is stepping down as chairman of each board, with Lachlan Murdoch to become the sole chair of News Corp and continue as executive chair and CEO of Fox.

Fox Corporation reported stable Q4 revenues of $3.03 billion, as gains in affiliate fees helped to offset a decline in advertising revenues.

David Espinosa has been appointed president of distribution at Fox Corporation, succeeding Mike Biard, who is stepping away after more than 20 years.

Fox Corporation’s Tubi has appointed former Vimeo CEO Anjali Sud as its new CEO, effective September 1.

Fox Corporation has formed the Tubi Media Group under the leadership of newly appointed CEO Paul Cheesbrough, while Tubi founder Farhad Massoudi is stepping down.

Revenues at FOX Corporation rose by 5 percent in its fiscal Q1 to $3.19 billion, led by advertising revenue gains.