FOX - Fox Corporation
| Previous Close | 33.60 |
| Open | 33.31 |
| Bid | 33.44 x 1000 |
| Ask | 33.45 x 800 |
| Day's Range | 33.37 - 33.81 |
| 52 Week Range | 32.71 - 41.73 |
| Volume | 942,200 |
| Avg. Volume | 1,751,240 |
| Market Cap | 20.817B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | 13.00 |
| EPS (TTM) | 2.57 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.46 (1.39%) |
| Ex-Dividend Date | 2019-09-03 |
| 1y Target Est | 51.50 |
- Investopedia
Movie vs. TV Industry: Which Is Most Profitable?
Which entertainment sector is more profitable: movies or TV? Let’s take a look. You might be surprised by the results.
- Business Wire
FOX News Digital Hits Major Milestone in July With Highest Month Ever in Multi-Platform Views
FOX News Digital Continues its Double-Digit YOY Growth, While Surpassing CNN Again in Total Views and Minutes
- Yahoo Finance
Wall St. analyst says WWE is his top pick, expects shares to climb 49%
Guggenheim believes that WWE is a good bet for investors as 2019 comes to a close.
- Benzinga
Fox Analysts Talk Sports, Politics, Cord-Cutting After Q4 Print
Fox Corp (NASDAQ: FOXA) reported better-than-expected fourth-quarter earnings Wednesday as the newly pared-down company bucked industry trends. Morgan Stanley’s Benjamin Swinburne maintained an Overweight rating on Fox with a $42 price target. Credit Suisse analyst Douglas Mitchelson maintained an Outperform with a $45 target price.
- Zacks
FOX Q4 Earnings Down Y/Y, Revenues Up on High Affiliate Fees
Fox's (FOX) fourth-quarter fiscal 2019 results benefit from strong growth in affiliate fees in both Cable Network Programming and Television segments.
- MarketWatch
Harsh criticism for Fox News’ Tucker Carlson after he dismisses white supremacy as ‘a hoax’
Fox News Channel host Tucker Carlson faced criticism Wednesday for declaring white supremacy “a hoax,” the same day President Donald Trump visited El Paso, Texas, after a white gunman who had written an anti-Hispanic rant killed 22 people.
- Reuters
UPDATE 2-Fox Corp beats quarterly profit estimates on higher affiliate fees
Media company Fox Corp reported quarterly results that beat Wall Street estimates on Wednesday, boosted by higher fees collected from cable and satellite operators and online distributors. Revenue, which rose nearly 5% to $2.51 billion in the quarter, also beat Wall Street expectations of $2.47 billion. It emerged a leaner, more nimble company seeking to build on its concentration of live news and sports, including World Wrestling Entertainment Inc and Super Bowl LIV next February.
- Reuters
Fox Corp beats quarterly profit estimates on higher affiliate fees
Media company Fox Corp reported quarterly results that beat Wall Street estimates on Wednesday, boosted by higher fees collected from cable and satellite operators and online distributors. Revenue, which rose nearly 5% to $2.51 billion in the quarter, also beat Wall Street expectations of $2.47 billion. Rupert Murdoch's newly spun-off Fox Corp debuted on the Nasdaq in March following the $71 billion sale of Twenty-First Century Fox's film and television assets to Walt Disney Co .
- Investor's Business Daily
Disney To Treat This As 'Most Important Product' While Key Units Lag
Disney will crank up its marketing machine soon to promote its upcoming streaming video service, while disappointing earnings pointed to weakness in key units.
- PR Newswire
FOX Reports Fourth Quarter Income Before Income Tax Expense Of $656 Million, And Total Segment Operating Income Before Depreciation And Amortization Of $709 Million, An Increase Of 11% From The Prior Year Quarter On Revenue Growth Of 5%
FOX Reports Full Year Income Before Income Tax Expense Of $2.22 Billion , And Total Segment Operating Income Before Depreciation And Amortization Of $2.68 Billion , An Increase Of 8% From The Prior Year ...
- American City Business Journals
Fox acquires animation studio behind ‘Bob’s Burgers’
Bento Box has two more series coming to Fox: “Duncanville” co-created by Amy Poehler and “The Great North” featuring the voice of Nick Offerman.
- Benzinga
Fox's Q4 Earnings Preview
Fox (NASDAQ: FOXA ) unveils its next round of earnings this Wednesday, August 7. Get prepared with Benzinga's ultimate preview for Fox's Q4 earnings. Earnings and Revenue Based on management's projections, ...
- Bloomberg
Disney Shareholders, Your Thrill Ride Has Officially Begun
(Bloomberg Opinion) -- No matter how many times you’ve ridden it, when your log-flume boat is clicking its way up the track to the final brow of Splash Mountain, the jitters set in. Soon you’ll be hurtling down five steep stories, getting doused at the bottom.And that’s how it feels to be a Walt Disney Co. shareholder right about now. Disney reported earnings on Tuesday that fell short of analysts’ lowest estimate as the company takes the TV-streaming plunge. Investments in its Disney+ online-video app and its recent takeover of 21st Century Fox predictably weighed on results. But lighter attendance at its U.S. theme parks didn’t help matters, nor did its write-down of “Dark Phoenix,” a film flop the company inherited in the Fox deal. The strength of Disney’s theme-park and movie businesses – i.e., its new “Star Wars” attractions and record-shattering year at the box office – are what’s supposed to be distracting from its other costly endeavors. Instead, its shares sold off in after-hours trading. Creating Disney+ and buying Fox are decisions viewed positively – necessary even – by investors, but they’re still certain to be disruptive to its financial performance and usual internal harmony in the coming periods. Tuesday’s results are the start of that. The company’s new direct-to-consumer (aka streaming) and international division recorded $553 million in operating losses in the three months ended June 29. That figure may grow to $900 million in the current quarter, Christine McCarthy, Disney’s chief financial officer, said on the earnings call. It’s been no secret that Disney was about to take shareholders on a thrill ride – it was literally my column headline in March, and Disney held up a big PowerPoint slide in April warning that this little streaming adventure wouldn’t turn a profit until fiscal 2024:The good news for investors is that the closer it gets to Disney+ launch day on Nov. 12, the clearer it’s becoming that Disney poses a significant threat to the market incumbent, Netflix Inc., and is making the right move to bet that streaming is the future. Among the many milestones Disney had in the latest quarter, the company took full operational control of Hulu, a step toward being able to offer a discounted bundle for viewers who want Hulu, Disney+ and ESPN+, a combo that at $12.99 a month starts to look like a fairly decent replacement on its own for a traditional cable package. That’s in line with a Netflix standard subscription. Disney can also draw on its incredibly large fan base, whether it be Vacation Club members, Disney Visa cardholders or theme-park patrons, to promote its streaming products in a way that its rivals can’t. There are challenges ahead, such as supplying enough fresh streaming content to attract and retain subscribers. Its added scale with Fox and Hulu give it an advantage, and the Disney+ monthly rate is already less than half what AT&T Inc.’s HBO Max service is expected to price at when it launches in the subsequent months. If in a quarter when Disney released the highest-grossing film of all-time, “Avengers: Endgame,” it still couldn’t ease shareholders’ concerns, then the next few quarters aren’t going to be very exhilarating either. In a year’s time, though, investors may finally be drying off and rounding the corner to Doo-Dah Landing.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis 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 deals, Berkshire Hathaway Inc., media and telecommunications. 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.
- The Basis Point
Fox News empire buys Credible, validating marriage of media & consumer finance
Fox buys Credible for $397m, validating marriage of media & fintech that began with CNBC & Acorns partnership. Now comes the fintech M&A tsunami.
- GuruFocus.com
Tweedy Browne Buys 2 Stocks, Adds to 3 in 2nd Quarter
Venerated value firm doubles stake in Baidu Continue reading...
- American City Business Journals
After S.F. fintech deal, super-investor Ron Suber says: ‘The tsunami is coming'
Prolific investor Ron Suber expects a lot more deals involving Bay Area fintechs after Fox agreed to buy a majority stake in San Francisco-based lending marketplace Credible Labs, where he's chairman.
- MarketWatch
Elizabeth Warren hammers ‘hate-for-profit’ Fox News after shootings
When Elizabeth Warren was asked earlier this year if she’d ever attend a Fox News town hall, the Democratic presidential candidate slammed the network as a “hate-for-profit machine” and vowed never to accept an invitation. She just doubled down on her stance in the wake of the latest shootings.
- Benzinga
Why Fox Is Taking A Stake In A Consumer Lending Company
Fox reached an agreement to buy a 67% stake in San-Francisco based and Australian-listed Credible Labs for $265 million. Fox cited its desire to better connect with and interact with consumers as part of its digital strategy.
- Yahoo Finance
Tyson posts mixed quarter, Cars.com remains independent, Warren Buffett cashes out: Companies to watch
Tyson Foods, Cars.com, Berkshire Hathaway, Fox Corp and WeWork are the companies to watch on Monday, August 5, 2019.
- TheStreet.com
[video]Fox Corp. Snaps Up Credible Labs in Deal Worth $340 Million
Fox News owner Fox Corp. reached a deal to acquire a two-thirds stake in fintech company Credible Labs in a deal worth $340 million. Under the terms of the deal, Fox will acquire 67% of Credible, which is listed on the Australian Securities Exchange, for $265 million in cash, a 31% premium to the company's stock price on May 29. Also, Fox will commit a further $75 million in capital over two years to developing Credible, which is a consumer finance marketplace.
- Reuters
UPDATE 2-Murdoch's Fox Corp to buy fintech Credible Labs in $397 mln deal
U.S. broadcaster Fox Corp on Monday agreed to buy Credible Labs Inc in a deal valuing the online finance broker at $397 million, as the Murdoch-controlled firm hunts for growth following the sale of its film and TV assets to Disney. In a challenging media landscape, the San-Francisco-based Credible Labs, listed on the Australian Stock Exchange, gives Fox exposure to an online service that matches personal borrowers and lenders seeking to service the $1.6 trillion a year U.S. mortgage market. "The acquisition of Credible underscores Fox Corporation's innovative digital strategy that emphasizes direct interactions with our consumers," Lachlan Murdoch, Fox Corp's executive chairman and chief executive, said in a statement.
- Reuters
Murdoch's Fox Corp to buy fintech Credible Labs in $397 million deal
U.S. broadcaster Fox Corp on Monday agreed to buy Credible Labs Inc in a deal valuing the online finance broker at $397 million, as the Murdoch-controlled firm hunts for growth following the sale of its film and TV assets to Disney. In a challenging media landscape, the San-Francisco-based Credible Labs, listed on the Australian Stock Exchange, gives Fox exposure to an online service that matches personal borrowers and lenders seeking to service the $1.6 trillion a year U.S. mortgage market. "The acquisition of Credible underscores Fox Corporation's innovative digital strategy that emphasizes direct interactions with our consumers," Lachlan Murdoch, Fox Corp's executive chairman and chief executive, said in a statement.
- Yahoo Finance Video
Companies to Watch: Tyson posts mixed quarter, new plan for Cars.com, Warren Buffett cashes out
Tyson Foods, Cars.com, Berkshire Hathaway, Fox Corp and WeWork are the companies to watch.
