|Bid||34.21 x 1200|
|Ask||34.22 x 1300|
|Day's Range||34.10 - 35.34|
|52 Week Range||29.61 - 41.73|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||11.93|
|Forward Dividend & Yield||0.46 (1.26%)|
|Ex-Dividend Date||Mar 02, 2020|
|1y Target Est||51.50|
Even if the whole presidency thing doesn’t work out — after last night, it might be a stretch — Mike Bloomberg will still have a fluffy pile of cash to fall back on. How fluffy? This animation makes it pretty clear.
Fox Corp. is interested in buying Tubi, a free, ad-supported streaming service based in San Francisco, and NBCUniversal is eyeing the video platform Vudu from Walmart Inc. New York-based Fox (NASDAQ: FOXA, FOX), which sold its entertainment assets to The Walt Disney Co. last year, is discussing a deal for Tubi worth more than $500 million, reported The Wall Street Journal, citing unnamed sources. Financial terms of the NBCUniversal-Vudu deal, also reported by The Wall Street Journal in a separate story, could not be determined.
Fox Corporation (Nasdaq: FOXA, FOX) today announced that Executive Chairman and Chief Executive Officer Lachlan Murdoch will participate in a keynote session at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 4 in San Francisco, CA at approximately 10:30am (Pacific), 1:30pm (Eastern).
FOX News Channel (FNC) will host a town hall with 2020 Democratic presidential candidate Sen. Amy Klobuchar (D-MN) on Thursday, February 27th in Raleigh, NC, announced Jay Wallace, president and executive editor of FOX News Media. Co-moderated by FNC’s chief political anchor and anchor of Special Report (weekdays, 6-7PM/ET) Bret Baier and The Story’s (weekdays 7-8PM/ET) Martha MacCallum, FNC’s second town hall with Sen. Klobuchar will take place from 6:30-7:30PM/ET and focus on key issues of the 2020 presidential election. Additionally, abbreviated versions of Baier’s Special Report will air from 6-6:30PM/ET and MacCallum’s The Story will run from 7:30-8PM/ET.
FOX News Digital started off the year by scoring record highs across key industry categories and driving its best month ever in multiplatform views and multiplatform unique visitors, according to Comscore.
(Bloomberg) -- President Donald Trump announced a set of clemencies and pardons on Tuesday, including for former Illinois Governor Rod Blagojevich who was convicted of public corruption and for financier Michael Milken who was convicted of securities fraud.The commutation of the 14-year prison sentence of Blagojevich brought a surprising end to one of the highest-profile public corruption cases of the 21st century.Trump’s closest confidants had urged him to pardon Milken, the 1980s “junk bond king” who has sought for decades to reverse his conviction.Trump also pardoned former New York City police Commissioner Bernard Kerik, who was sentenced to four years in prison for failure to pay taxes and lying to White House officials. The president earlier in the day pardoned Edward DeBartolo Jr., who owned the San Francisco 49ers football team for 23 years and pleaded guilty in 1998 to failing to report an alleged extortion attempt.It’s unusual for a president to announce so many controversial clemencies and pardons at once -- especially in an election year. Many of the pardons and clemencies were backed by conservatives. For instance, the White House said Milken’s pardon was supported by Treasury Secretary Steven Mnuchin and the president’s personal attorney, Rudy Giuliani, whose office prosecuted Milken in the 1980s.Democratic CriticsTrump has relished the use of his clemency power, which is virtually unchecked by the Constitution. He has issued more than two dozen pardons and commutations since becoming president, many of which were awarded to political allies.The president sought to draw a connection between Blagojevich’s case and the federal investigation into alleged ties between Trump’s 2016 campaign and Russia. Trump calls that probe a “witch hunt.”Some Democrats were quick to criticize Trump’s move on Blagojevich.“Illinoisans have endured far too much corruption, and we must send a message to politicians that corrupt practices will no longer be tolerated,” Governor J.B. Pritzker said in a statement. “President Trump has abused his pardon power in inexplicable ways to reward his friends and condone corruption, and I deeply believe this pardon sends the wrong message at the wrong time.”Read More: Trump Pardons Former 49ers Team Owner Over 1998 Felony ChargeMilken served 22 months in prison before being released to a halfway house in January 1993.In announcing his pardon, White House press secretary Stephanie Grisham said the securities fraud conviction was based on “truly novel” charges that “had never been charged before as crimes.” She also pointed to his charitable work in the years following his conviction.Milken, 73, is worth $3.7 billion, according the Bloomberg Billionaires Index.Major Republican donors Sheldon and Miriam Adelson, as well as Fox Corp. Chairman Rupert Murdoch, also backed the move, according to the White House.Also among those who backed Milken’s pardon is Nelson Peltz, the chief executive officer and founding partner of Trian Fund Management LP, according to the White House. Peltz threw a fundraiser for Trump at his Florida home on Saturday that raised more than $10 million for the president’s re-election campaign.Trump’s pardon doesn’t reverse Milken’s lifetime ban on securities dealing, which would require a separate appeal to the Securities and Exchange Commission.‘Very Unfairly’Trump’s decision on Blagojevich comes almost two years after the Democratic ex-governor formally requested a commutation and sustained public appeals for mercy from his family.Trump has repeatedly criticized Blagojevich’s prison sentence and said he would consider using his clemency power to cut it short.The president told reporters in August he was “thinking very seriously about commuting his sentence” because Blagojevich was “treated very, very unfairly.” He tweeted the following day that many saw his prison sentence that “White House staff is continuing the review of this matter.”Blagojevich, 63, was convicted in 2011 of 17 charges for what federal prosecutors said was a sweeping corruption plot that included an attempt to sell former President Barack Obama’s vacated U.S. Senate seat. The governor was impeached and removed from office in January 2009, about one month after he was arrested by FBI agents at his home.Celebrity ApprenticeTrump and Blagojevich have some personal history. Before his conviction, the former governor appeared on “The Celebrity Apprentice,” a spinoff of the long-running reality television hosted by Trump.Blagojevich’s wife, Patti, has also made numerous appearances on Fox News to ask Trump to shorten her husband’s prison term. The president referred to her comments when speaking to reporters last summer about a possible commutation.“I watched his wife, on television, saying that the young girl’s father has been in jail for now seven years, and they’ve never seen him outside of an orange uniform,” Trump said. “His wife, I think, is fantastic.”While Blagojevich is a Democrat, his wife has framed clemency as a way for the president to exact revenge for Special Counsel Robert Mueller’s Russia investigation, which Trump has repeatedly decried as a “hoax.”Comey ConnectionFormer U.S. Attorney Patrick Fitzgerald, who prosecuted Blagojevich’s case, is friends with former FBI Director James Comey and served as his personal lawyer. Mueller’s investigation into the Trump campaign’s ties to Russia stemmed from a probe begun under Comey’s watch.“This same cast of characters that did this to my family are out there trying to do it to the president,” Patti Blagojevich told the Chicago Sun-Times in an April 2018 phone interview.Fitzgerald was also the special prosecutor who led the federal investigation into I. Lewis “Scooter” Libby, whom Trump pardoned in 2018 for lying to federal agents probing the leak of a CIA officer’s identity. Libby was former Vice President Dick Cheney’s chief of staff.The White House has fielded multiple requests for Blagojevich’s clemency, including from well-known Democrats like civil rights leader Jesse Jackson, who wrote a letter to Trump last summer.Fitzgerald and other former federal prosecutors who handled Blagojevich’s case issued a statement saying: “The former governor was convicted of very serious crimes. His prosecution serves as proof that elected officials who betray those they are elected to serve will be held to account.”Safavian, KerikBut House Republicans had urged him not to offer clemency to Blagojevich. A group of GOP lawmakers representing Illinois wrote Tuesday that they were “disappointed” by the president’s move, saying Blagojevich “is the face of public corruption in Illinois, and not once has he shown any remorse for his clear and documented record of egregious crimes that undermined the trust placed in him by voters.”Also Tuesday, Trump pardoned David Safavian, the former top procurement official in George W. Bush’s administration, who was sentenced to one year in prison for lying about his association with lobbyist Jack Abramoff and helping Abramoff obtain government business. Safavian was released in 2012.Grisham said Safavian “dedicated his life to criminal justice reform” since his release and supported the bipartisan First Step Act, which Trump signed into law. His pardon was backed by former White House official Mercedes Schlapp and her husband, Matt, as well as liberal activist Van Jones, who focuses on criminal justice issues.Kerik, who served as police commissioner under Giuliani, was originally given a sentence that was longer than federal guidelines called for because the judge said he was a top police official who committed crimes as part of a bid to head the federal Homeland Security Department.”‘Operatic’ Case“The guidelines don’t fully take into account the almost operatic proportions of this case,” the judge said. “When these tax laws were being violated, they were being violated not just by anyone. They were being violated by the police commissioner of New York City.”Kerik, pleaded guilty to eight counts, including having an unidentified company make $255,000 in renovations to an apartment he purchased in the Riverdale section of New York in exchange for doing business with the city.He alsoadmitted to lying on a loan application, obstructing Internal Revenue Service laws, filing a false tax return, lying to the federal government and failing to report wages he paid to a nanny for his children.He was later charged separately in Washington with lying to the White House about the New York matter in 2004 while being considered for the top job at the U.S. Homeland Security Department. He pleaded guilty to crimes in both cases.In the case involving the former 49ers’ owner, DeBartolo never served prison time. The case began with allegations that he paid former Louisiana Governor Edwin Edwards $400,000 for a riverboat casino license, according to the Associated Press.DeBartolo agreed to testify against Edwards, helping him avoid a prison sentence. Edwards was charged with racketeering and conspiracy related to the granting of casino licenses. DeBartolo received two years probation and was fined $1 million.(Updates with DeBartolo in final three paragraphs.)\--With assistance from Patricia Hurtado and Shruti Date Singh.To contact the reporters on this story: Jordan Fabian in Washington at firstname.lastname@example.org;Josh Wingrove in Washington at email@example.comTo contact the editors responsible for this story: Alex Wayne at firstname.lastname@example.org, Justin Blum, Bill FariesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Fox Corp Class A (NASDAQ: FOXA ) reported a strong fiscal year 2020 second quarter, and investors have cheered the results by sending its shares higher. However, one analyst reacted to the results in a ...
Fox Corporation (Nasdaq: FOXA, FOX) ("FOX" or the "Company") today reported financial results for the three months ended December 31, 2019.
While the Super Bowl may have come and gone, football is still very much alive in Tampa Bay.
The Super Bowl put a halt to a four-year decline in viewership, with 102 million people watching the Kansas City Chiefs come back to defeat the San Francisco 49ers in what is annually the most-watched television event of the year. The NFL released a statement saying Super Bowl LIV drew 102 million viewers on Fox (FOX)(FOXA)and its digital platforms. In the statement, the NFL also said that the halftime show featuring Shakira and Jennifer Lopez 104.1 million viewers.
Shakira and Jennifer Lopez weren’t paid to perform the 2020 Super Bowl halftime show — but their roughly 15-minute set is still paying off. The “two little Latin girls” — as J-Lo dubbed the duo in an Instagram (FB) post just hours before their showstopping performance aired live on Fox (FOX) — performed a bilingual medley of 14 of their greatest hits during Sunday night’s game, which saw the Kansas City Chiefs rally to beat the San Francisco 49ers in Miami.
After a tough Friday, U.S. equities rebounded on Monday. That said, let's look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No. 1: Amazon (AMZN) Click to Enlarge Source: Chart courtesy of StockCharts.comAmazon (NASDAQ:AMZN) posted solid gains on Friday in the face of a market-wide correction. The move came on earnings, but has yet to approach the after-hours gains north of $2,100. For now, AMZN has a high of roughly $2,055, as it flirts with a big-time breakout.Included here is a weekly chart of Amazon, as shares hover near the $2,025 area, a zone of long-time resistance. If AMZN can rally over $2,055 and above $2,100, it may do more than take out its after-hours high of $2,133. It may embark on a breakout over the ensuing months and quarters.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Large-Cap Stocks to Buy For Insulation From Volatility If it can't breakout, look to see if it can maintain above $2,000. Below puts a pullback in the cards, possibly down to the 50-week moving average and uptrend support (blue line). That is, if the 10-week moving average doesn't support the stock on its pullback. Top Stock Trades for Tomorrow No. 2: Roku (ROKU) Click to Enlarge Source: Chart courtesy of StockCharts.comOn Friday, Roku (NASDAQ:ROKU) slipped on reports that its dispute with Fox (NASDAQ:FOXA, NASDAQ:FOX) may be an issue ahead of the Super Bowl. Ultimately, the issue was resolved and Roku rallied almost 7% on Monday as a result.Still, Roku has not been rallying like most of its growth-stock peers over the past few months. Once $127.50 broke on Friday, readers should have been on watch for a drop down to the $120 area, which is exactly what they got on Friday.Below $120, and $105 to $100 may be on the table. However, as long as it holds, Roku may be okay. Over $130 puts it over downtrend resistance (purple line) and the 20-day moving average, and puts the declining 50-day moving average on the table. Top Stock Trades for Tomorrow No. 3: Yeti (YETI) Click to Enlarge Source: Chart courtesy of StockCharts.comBulls have to be impressed with the way Yeti (NYSE:YETI) stock continues to hold up. Over the past few sessions, volatility has been climbing and equities have been under pressure -- but not Yeti.Shares continue to hold up well around that breakout mark between $36 and $37. On a close below $36, short-term bulls may consider stopping out and looking for a pullback into support. That comes into play near uptrend support (blue line) and the 200-day moving average, provided the 50-day moving average doesn't hold up. * 3 Nasdaq Earnings Misses to Short Today However, over $36 and bulls may very well keep with the long trade. Over $37.61 -- the recent high -- and Yeti shares can break out, with $40 in sight. Top Stock Trades for Tomorrow No. 4: Zoom Video (ZM) Click to Enlarge Source: Chart courtesy of StockCharts.comDid you miss Zoom Video (NASDAQ:ZM)? This stock has been on fire, rallying 14% at one point on Monday.The stock broke out over downtrend resistance (purple line) to start the year, but gave investors an opportunity last week when it pulled back into uptrend support (blue line).With shares erupting higher, let's see if prior support at $90 acts as resistance or if it's reclaimed and acts as support. On a pullback, see if the just-established 200-day moving average near $80 acts as support. Below puts the 50-day moving average and uptrend support back on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Buy For Insulation From Volatility * 7 Underappreciated Foreign Dividend Stocks to Buy Now * 6 Retail Stocks to Buy On The Back of Pier 1 Shutterings The post 4 Top Stock Trades for Tuesday: AMZN, ROKU, YETI, ZM appeared first on InvestorPlace.
(Bloomberg) -- Roku Inc. and Fox Corp. climbed Monday after inking a new distribution agreement over the weekend, preventing a potential blow to viewers’ ability to stream Sunday’s Super Bowl broadcast.The settlement, clearing the way to air FOX channels on the Roku platform, brings an end to a fleeting dispute between two entities approaching the media business differently. Roku is focused on maintaining leadership among streaming platforms, while Fox is banking on exclusive broadcast rights to marquee sporting events similar to last night’s matchup, which saw the Kansas City Chiefs defeat the San Francisco 49ers, 31-20.Shares in Roku rose as much as 6.6%, the most in two months, as of 12:27 p.m. in New York. Fox Class A shares gained 2.5% intraday.More on the matter: Roku Falls as Fox Dispute Threatens Users’ Super Bowl Sunday“Roku customers can stream the Super Bowl through FOX Now, Fox Sports and NFL in addition to other ways,” Roku said in a statement Feb. 1.The move is an about-face for Roku, which fell to its lowest in more than two months on Friday after notifying customers that FOX channels wouldn’t be accessible on its platform ahead of the network’s Super Bowl coverage.(Updates shares, adds chart, removes analyst commentary.)To contact the reporters on this story: Kamaron Leach in New York at email@example.com;Hailey Waller in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: James Ludden at email@example.com, Matthew G. Miller, Scott SchnipperFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shares of Roku tumbled 7% on Friday after the streaming video company told customers it was removing Fox channels from its platform ahead of Sunday's Super Bowl broadcast. "On January 31, 2020, all standalone FOX channels will no longer be available on Roku streaming devices," Roku wrote in an email to customers on Thursday. It added that its viewers could watch Fox channels on other companies' services, including Hulu and Alphabet's YouTube.
Shares of Roku Inc (NASDAQ: ROKU) fell more than 6% on Friday after the company began notifying customers that several Fox Corp (NASDAQ: FOXA) channels won't be available on its app just a couple days before the Super Bowl airs on Fox. Roku said in an email to customers that all of the standalone Fox channels would no longer be available on Roku apps starting Friday. The move is part of a carriage dispute between the two companies as the distribution agreement that has put Fox channels on Roku apps for years approaches expiration with no agreement yet reached on an extension.
(Bloomberg) -- Roku Inc. fell to its lowest in more than two months on Friday as the company began notifying customers that FOX channels will not be accessible on its platform ahead of the network’s Super Bowl broadcast this weekend.Beginning Jan. 31 “all standalone FOX channels will no longer be available on Roku streaming devices,” the company said in an e-mail. Roku encouraged customers to continue using its system to access FOX channels through other streaming apps, including: FuboTV, SlingTV, YouTube TV and Hulu’s live television option.The news sent the stock on an abrupt slide, falling as much as 7.6% to $120.71 in New York, its lowest since Nov. 11. Shares of Fox Corp. fell as much as 1.7% intraday.Read more: Super Bowl Is Key Proving Ground for a Slimmed-Down Fox NetworkRoku’s notice to customers comes as a distribution agreement with Fox is scheduled to expire, after hosting the network’s channels for years. The dispute could be a big blow to Fox prior to Sunday’s match-up between the San Francisco 49ers and Kansas City Chiefs.According to a Fox spokesperson, “Roku’s threat to delete FOX apps from its customers’ devices is a naked effort to use its customers as pawns. Only Roku can pull apps from its customers’ devices, and we would urge them to stop the intimidation tactics and reconsider the merits of irritating their best customers in pursuit of Roku’s own interests.”Rosenblatt Securities views the weakness in Roku as an opportunity for investors to increase their holdings. Mark Zgutowicz, a media analyst at the firm, commended the company for “acting from a position of strength” and leveraging its leadership among over-the-top streaming providers.In a blog post, Roku asserted that it “tried for months” to reach a deal and even offered Fox an extension although the network operator declined.“If an agreement is not reached, we will be forced to remove FOX channels from the Roku platform because we can’t distribute content without an agreement,” Roku said. “Our discussions with FOX continue and we hope that FOX will agree to an agreement soon.”(Updates shares, adds Roku statement and analyst commentary after fifth paragraph.)\--With assistance from Gerry Smith.To contact the reporter on this story: Kamaron Leach in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
FOX News Channel (FNC) will present special live programming ahead of Super Bowl LIV in Miami, Florida, beginning on Friday, January 31st through Sunday, February 2nd.
FOX News Channel (FNC) has marked yet another historic milestone, notching its 18th consecutive year as the number one cable news network, according to Nielsen Media Research. Since January 2002, FNC has been the most-watched cable news network in both primetime and total day across total viewers and in the 25-54 demo. This month, FNC also scored its highest-rated month in total viewers since February 2017 with total day and November 2016 with prime.