Fox will keep sports, news on cable TV for now
The CEO of Fox Corporation says broadcast and cable TV is still the better business for its news and premium sports offerings.
The CEO of Fox Corporation says broadcast and cable TV is still the better business for its news and premium sports offerings.
The cable news channel continues to see strong viewership among the core demographic attractive to advertisers, Fox CEO Lachlan Murdoch said.
The broadcaster logged a $54 million loss due to its settlement with Dominion, but the performance of the company remains strong, executives affirmed.
Fox is launching the Tubi Media Group, which will incorporate most of its digital businesses like Tubi and Credible.
Fox CEO Lachlan Murdoch has dropped his defamation lawsuit against Australian blog Crikey after the outlet sought to introduce evidence from the Dominion Voting case.
Fox raked in $4.61 billion during its second fiscal quarter of 2022, the company said on Wednesday, spurred in part by the World Cup soccer tournament and political coverage.
Rupert Murdoch has abandoned a plan to reunify the parent company of the Wall Street Journal with Fox Corporation.
Fox executives say political ad spending and growth at free streamer Tubi helped bring in the money during its most-recent financial quarter.
A judge will allow a defamation suit filed by Fox CEO Lachlan Murdoch against Australian publisher Crikey to proceed.
Fox Corporation has selected Robert Wade to serve as the company’s new chief executive officer for its entertainment division.