|Bid||0.00 x 900|
|Ask||0.00 x 4000|
|Day's Range||35.65 - 36.11|
|52 Week Range||29.61 - 41.73|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||14.95|
|Forward Dividend & Yield||0.46 (1.28%)|
|1y Target Est||51.50|
Fox has reportedly filed a trademark application to turn the popular phrase 'Ok Boomer' into a TV show, but will this turn into a trademark war? David Leichtman, Managing Partner at Leichtman Law PLLC joins Yahoo Finance's Zack Guzman and Heidi Chung, along with Black Hawk Financial Founder Leanna Haakons, to discuss.
For the fiscal year ended in September, operating income for parks, experiences, and products, as Disney calls the unit, rose 11%, to $6.76 billion. Wall Street expects income for the unit to approach $10 billion by the company’s fiscal year through September 2024.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September […]
The "Chartwell" mansion has 11 bedrooms, 18 bathrooms, a five-bedroom guest house, a 12,000-bottle wine cellar, as well as a 40-car parking garage.
FOX Business Network (FBN) finished 2019 delivering the top two programs on business television for the third straight year, according to early Nielsen Media Research. As the political economy dominated headlines, FBN scored its third highest rated year ever across Business Day in total viewers. In addition, FBN delivered eight of the 15 top rated programs of the year in all of business television.
FOX News Channel (FNC) notched its highest-rated year in primetime in its 23-year history with 2.5 million viewers and finished the year as the most-watched network in basic cable for the fourth consecutive year in both primetime and total day (1.4 million) among total viewers, according to Nielsen Media Research. FNC also ranks as a top five network in primetime in all of television for 2019. Additionally, Hannity was the number one program in cable news for the third consecutive year with 3.3 million viewers.
Fox still isn’t the biggest media company when it comes to college football. But on the strength of its strategy of scheduling its best games in the noon ET window, it has become a significant player.
FOX News Channel (FNC) has named Bill Hemmer to helm the 3pm/ET hour, announced Jay Wallace, president and executive editor of FOX News Media. In this role, he will lead all breaking news coverage as well as take over the hard news hour with the January 20th debut of Bill Hemmer Reports. In conjunction, Hemmer will depart FNC’s morning news program America’s Newsroom (9AM-12PM/ET) with a rotating journalist joining Sandra Smith until a permanent co-anchor is announced.
FOX Nation, the on demand direct to consumer streaming service which just celebrated its one year anniversary, will debut a new program hosted by country music star John Rich, announced John Finley, Executive Vice President of Development for the platform. Launching in February 2020, The Pursuit! With John Rich will be filmed from his home in Nashville, Tennessee with signature star guests and personal friends of Rich who will delve into their journey to achieving the American dream.
(Bloomberg Opinion) -- The merger floodgates broke open five years ago, and now U.S. Senator Elizabeth Warren wants to close the hatch. Her proposed bill to substantially restrict big corporate tie-ups is more a presidential campaign statement than viable legislation — and it certainly won’t score her any more points with the Wall Street crowd — but she is calling attention to the maniacal pace of dealmaking in corporate America and the need to modernize antitrust laws that have permitted some recent problematic transactions.More than $7 trillion of takeovers of U.S. companies have been announced since this day in 2014 — 52,694 companies to be exact.(1) That compares with just $4.4 trillion of deals in the previous five-year period. The transactions grew over time as balance sheets flush with cash and income statements desperate for growth created a perfect storm, which more often than not was stoked by pliable regulators. The Walt Disney Co. acquired 21st Century Fox Inc.; Charter Communications Inc. bought Time Warner Cable Inc.; CVS Health Corp. took over Aetna Inc.; Marriott International Inc. merged with Starwood Hotels & Resorts Worldwide Inc.; and T-Mobile US Inc. is trying to buy Sprint Corp. Those are just some of the more recognizable names. Warren, one of the top-polling candidates heading into the Democratic primaries, wants to ban deals in which one company has annual revenue of more than $40 billion, or both businesses generate more than $15 billion in sales, according to a draft of the bill reviewed by Bloomberg News. (A notable exception would be companies facing insolvency.) That could effectively prevent every top airline, insurer, manufacturer, oil producer, retailer, technology platform and other conglomerates — perhaps even Warren Buffett’s M&A vehicle, Berkshire Hathaway Inc. — from making any acquisitions. It would sound the M&A death knell. The idea, however, is unlikely to gain broad support among lawmakers.Even so, it’s hard not to notice the rising drumbeat of politicians concerned about overreach by corporate giants, particularly those in the tech field. Senator Amy Klobuchar, another Democratic presidential candidate, plans to introduce separate antitrust legislation soon, Bloomberg News reported, citing a person familiar with the matter. (Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent of Bloomberg News and Bloomberg Opinion, is also campaigning for president.)For the Trump administration’s part, the U.S. Justice Department is already investigating whether tech giants — namely Apple Inc., Amazon.com Inc., Facebook Inc. and Google — are using their unchecked power to engage in harmful business practices. But as I wrote in July, if regulators are so concerned about protecting consumers from tech overreach, their glowing endorsement of T-Mobile’s takeover of Sprint is a funny way of showing it; it will shrink the U.S. wireless market from four to three major carriers and remove a company that’s helped to keep customer prices in check.Antitrust regulation under President Donald Trump has at times created questionable optics. Makan Delrahim, the Justice Department’s top antitrust enforcer, seemed to switch his stance on AT&T Inc.’s takeover of Time Warner Inc. as Trump railed against the deal. Time Warner was the parent of CNN, which Trump views as his personal nemesis. (I’ve argued that whatever the case, scrutiny of the megamerger was warranted considering the broad market power it gave to AT&T as media companies without such scale struggle to compete.) By comparison, Disney and Fox, which was controlled by Trump pal Rupert Murdoch, closed their megadeal with few regulatory hiccups. Warren has criticized other giant deals, such as the merger of SunTrust Banks Inc. and BB&T Corp. and the combination of seed makers Bayer AG and Monsanto Co. Given that they aren’t household names, though, most Americans are unfazed by or unaware of such deals, even though they may feel the effects later. Her bill would direct the government to take into account not just whether a merger will lead to higher prices but also what the impact might be on workers, privacy and industry innovation. To justify the cost of buying another large company, dealmakers tend to come up with ambitious estimates of synergies, a euphemism for layoffs. It’s clear that the meaning of “harm” needs to be expanded in the antitrust sense, and laws need to take a more holistic view of the potential consequences of M&A as the lines between industries continue to blur. The Big Tech factor also needs to be weighed, as some deals are being done in part to respond to companies like Amazon that are spreading their tentacles into new areas. On Wednesday, TV-network operators CBS Corp. and Viacom Inc. completed their own merger, a bid to cut costs and create more scale to compete against a new roster of even more powerful media giants: Amazon, Apple, AT&T and Disney. Even then, ViacomCBS Inc., as the merged entity is now called, may not be big enough, and so it may be only a matter of time before it gets swallowed. Warren’s overly broad proposal likely isn’t the answer. But Democrats do seem ready to at least try to rein in a market that’s gotten out of hand. For dealmakers, this may be last call at the M&A party.(1) Data compiled by Bloomberg as of Thursday morning. Excludes terminated deals.To contact the author of this story: Tara Lachapelle at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Fox Corporation (Nasdaq: FOXA, FOX) ("FOX" or "the Company") today announced that FTSE Russell removed the Company's common stock from its Gambling Business Activity Exclusion List. FTSE Russell's correction followed a challenge by the Company and a review that determined FOX's level of involvement in the betting industry falls below the equity ownership threshold for classification on the Gambling Business Activity Exclusion List.
Fox Corporation (Nasdaq: FOXA, FOX) today announced that Chief Financial Officer Steve Tomsic will be speaking at the UBS Global TMT Conference on Tuesday, December 10 in New York, NY at approximately 2:00pm (Eastern).
Today Amazon Web Services, Inc. (AWS), an Amazon.com company (AMZN), announced that Fox Corporation (Nasdaq: FOXA, FOX) (“FOX”) and AWS have signed a multi-year strategic collaboration agreement to use AWS’s unmatched portfolio of services, highly reliable infrastructure, and professional services organization to enable a new cloud-based media production and delivery platform. The integrated platform for broadcast and digital video services will distribute FOX’s leading sports, news, and entertainment television content to multi-channel video programming distributors, to more than 200 affiliate stations, and to over-the-top (OTT) providers, marking the first time that a single platform will be used to deliver both traditional broadcast and direct to consumer streaming services.
(Bloomberg) -- Fox Corp. is turning to Amazon.com Inc.’s cloud to route video to the broadcaster’s cable and streaming customers, the latest Digital Age tie-up between the high-tech newcomer and big media companies.Under the multiyear deal, announced at Amazon Web Services’ re:Invent conference in Las Vegas on Tuesday, AWS Media Services will transmit Fox sports, news and entertainment content to television customers and streaming services. Amazon’s tools will also help power Fox production facilities in Los Angeles, New York, Tempe, Arizona, and Charlotte, North Carolina.Fox will use Amazon to replace a video infrastructure built mostly in the 1990s, before the emergence of online streaming or cloud computing, Paul Cheesbrough, Fox’s chief technology officer, said by email. “At a technical level, we’ll have a more agile infrastructure that can grow and adapt with our business,” he said, enabling capabilities like quicker launch of new channels or products.Amazon is the largest seller of cloud infrastructure services such as rented data storage and networking services. The unit’s growing scale in corporate technology circles has been a source of tension for potential customers in industries like retail that go head to head with other Amazon groups. Fox isn’t immune to that and competes with Amazon in original TV content and the right to broadcast live sports.“I think to some degree that this is the new reality, but we’ve had a long-standing set of partnerships with Amazon on many fronts,” Cheesbrough said. “It’s something that we continuously monitor and review though, and as a buyer of cloud services, it’s a space where plenty of competition and options exist if we need them.”Fox is taking advantage of Amazon’s move in the last few years to build decentralized infrastructure closer to big customers, an effort to appeal to businesses that need quicker response time from AWS services.Most cloud-computing software is beamed to customers from massive, and sometimes distant, server farms. AWS last year announced a server rack product called Outpost that is designed to bring some AWS services inside a customer’s own data center. Outpost went on sale on Tuesday.Fox will place Outpost in some of its production facilities. The broadcaster will also use the first AWS Local Zone, a new type of AWS infrastructure that places major services closer to customers. Those local options made relying on AWS for Fox’s video work less risky, Cheesbrough said.Financial terms of the deal weren’t disclosed.To contact the reporter on this story: Matt Day in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Robin Ajello at email@example.com, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Atlanta Motor Speedway president Ed Clark will step down from his post after the Folds of Honor QuikTrip 500 in March, officials announced on Monday. Clark, 64, joined the company in 1981 working in the public relations department and six years later was promoted to Vice President of Events at America’s Home for Racing. Smith chose Clark to be his General Manager of Atlanta Motor Speedway in 1992 and three years later received the president title as well.
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was Twenty-First Century Fox Inc (NASDAQ:FOXA). Is Twenty-First Century Fox Inc […]
Fox studio show all about creating moments that highlight network’s new relationship with sports entertainment property.
Montgomery County is sending $500,000 in incentive money to Washington's Fox affiliates, in tandem with $1 million from the state, to seal the deal on the TV stations’ move from D.C. to Bethesda. The County Council signed off on its incentive grant and endorsed the loan from the state Tuesday, more than two years after Fox announced its plans to relocate to Carr Properties’ under-construction office tower at 7272 Wisconsin Ave. WTTG-TV and its sister station, WDCA-TV, plan to occupy up to 65,000 square feet in the building by the end of 2021. The incentive money is set to flow to the stations’ owner, Fox Television.
KEY WORDS Energy Secretary Rick Perry, a former governor of Texas and Republican presidential candidate, raised eyebrows in an interview that aired Sunday on Fox News (FOX)in which he said that Donald ...
KEY WORDS Sarah Sanders has been called a lot of things — but “liar” is what really gets under her skin. The former White House press secretary told the New York Times that she was “attacked for everything” while working in the Oval Office, but questions about her truthfulness have rankled her the most.
FOX Bet today announced that it has joined forces with one of the most innovative and forward-thinking franchises in the NBA, the Philadelphia 76ers, the first deal of its kind with an NBA franchise.
Fox is attempting to trademark the famous Gen-Z retort 'OK Boomer' for use as the title of a television show. That might not go over well.