29.07 +0.29 (1.00%)
After hours: 4:44PM EDT
|Bid||28.84 x 1200|
|Ask||29.00 x 1400|
|Day's range||28.08 - 28.93|
|52-week range||19.13 - 38.84|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||13.39|
|Forward dividend & yield||0.46 (1.57%)|
|Ex-dividend date||03 Mar 2020|
|1y target est||51.50|
Paddy Power, Betfair and Poker Stars owner Flutter Entertainment <FLTRF.I> has raised 812 million pounds via a share placement that will see U.S. media group Fox Corp <FOXA.O> increase its investment in the world's largest online betting group. Flutter said on Thursday that the 8 million new shares would be placed with institutional investors via an accelerated book build to speed up growth in the fast growing U.S. market and finance cost savings arising out of the coronavirus crisis. The placement came three weeks after Flutter completed its $6 billion merger with Stars Group Inc (TSG) <TSGI.TO> that also added the Sky Bet brand to the group.
Rupert Murdoch's Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on 1 April it was temporarily halting printing of around 60 community newspapers and is expected to cost hundreds of jobs. The company said the bulk of its regional and local papers would shift to digital-only publishing by 29 June, with 76 papers moving online and 35 other titles closing permanently.
FOX Nation, the on demand subscription-based streaming service, will roll out a new slate of adventure programming for the month of June, including an acquisition of the hit series Duck Dynasty, a new series hosted by FOX News Channel (FNC) contributor Johnny Joey Jones and the season premiere of Brian Kilmeade’s popular historical series What Made America Great.
FOX News Digital finished the month of April with double digit increases versus the prior year across all key performance indicators, including multiplatform views (a 26 percent increase from April 2019), multiplatform minutes (a 19 percent increase from April 2019) and multiplatform unique visitors (a 20 percent increase from April 2019), according to Comscore. The network also yielded highs in multiplatform unique visitors (121.5 million), total multiplatform views (1.9 billion) and total multiplatform minutes (4.5 billion minutes), while its comprehensive coverage of the pandemic continued to drive traffic and engagement. This April marked the second highest month of multiplatform unique visitors, coming only behind March 2020, as well as notched the network’s fifth consecutive month with over 100 million multiplatform unique visitors. The strong performance also helped propel the FOX News Mobile App ahead of the CNN Mobile App for the 17th month in a row in unique visitors (8.7 million versus CNN’s 7.3 million).*
If the economic slowdown continues, ViacomCBS, Fox, and Eros International could see revenue fall from reduced ad spending and lower subscriber growth.
FOX Nation, the on demand, subscription streaming service designed to complement the FOX News Channel experience, is now available to Cox Contour TV customers and to Internet-only customers with the Contour Stream Player, announced John Finley, Executive Vice President of Development for FOX Nation.
Shares of Fox Corporation (NASDAQ: FOX)(NASDAQ: FOXA) headed higher on Thursday after the company showed its business is holding up well during the COVID-19 pandemic. Both its Class A shares and Class B shares were 9% higher during early trading, before fading later in the session. What might be most surprising for investors is Fox's ad revenue, which in the third quarter of fiscal 2020 grew a whopping 44% year over year.
Fox (FOXA) delivered earnings and revenue surprises of 29.17% and 2.51%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
FOX News Media has partnered with Spotify, the world’s leading audio subscription streaming platform, in a new deal that will distribute FOX News Podcasts on the global audio streaming platform, announced John Sylvester, vice president of FOX News Radio (FNR). Beginning today, FNR’s catalogue featuring more than 20 original series, including three new programs slated to debut in May — The Trey Gowdy Podcast, The Proud American Podcast Series and FOX Top 5 — will be made available globally on Spotify, reaching over 286 million monthly users.
Shares of media giant Fox Corporation (NASDAQ: FOX) (NASDAQ: FOXA) were falling today as investors processed more bad news stemming from the coronavirus pandemic. The broader stock market was reeling from the latest unemployment figures released today, and Fox's stock took a hit along with it. Fox Corporation's stock was down 8% as of 11:41 a.m. EDT.
FOX News Channel (FNC) will host a two-hour virtual town hall with President Donald Trump on Sunday, May 3rd from 7-9 PM/ET. Co-moderated by chief political anchor and executive editor of Special Report, Bret Baier and anchor and executive editor of The Story, Martha MacCallum, the socially-distanced forum entitled America Together: Returning to Work, will take place live from the Lincoln Memorial in Washington D.C., where President Trump will answer viewer-submitted questions from 7:15-8:45 PM/ET.
Fox (FOXA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The agreement between these two strange bedfellows highlights the importance of a carefully crafted data gathering and advertising platform.
FOX News Channel (FNC) will present America Copes Together on Wednesday, April 29th at 1PM/ET. Moderated by Outnumbered Overtime anchor Harris Faulkner, the virtual town hall will feature remote panels comprised of psychiatrists and everyday Americans to highlight the psychological effects that the COVID-19 crisis has had on families, the healthcare community, front line workers and all those isolated and impacted during the pandemic.
FOX News, in partnership with the National Merit Scholarship Program, has selected two recipients of the inaugural Dr. Charles Krauthammer Memorial Scholarship, announced Suzanne Scott, CEO of FOX News Media. The scholarship will be awarded to Ami Carey of Lynbrook, NY and Michael Carey of Merrick, NY, the children of FOX News Media Senior Vice President of Technical Operations, Steve Carey and Senior Director of IT Operations, John Carey, respectively.
Other executives including Chief Operating Officer John Nallen, Chief Legal Officer Viet Dinh and Chief Financial officer Steve Tomsic will also forego their salaries through Sept. 30, effective immediately, the memo said, adding that pay cuts will impact about 700 Fox employees. The most-senior members of the company will take pay cuts so Fox is able to protect its full-time employees with salary and benefit continuation during the crisis, Murdoch said. Last month, Walt Disney Co <DIS.N> also announced compensation changes in response to the pandemic and said Executive Chairman Bob Iger will forgo his salary and newly named Chief Executive Officer Bob Chapek will take a 50% pay cut.
FOX News Digital finished the first quarter of 2020 with its highest quarter ever across all key performance indicators, including average monthly multiplatform unique visitors (119.8 million), total multiplatform views (5.7 billion), and total multiplatform minutes (13.2 billion minutes), according to Comscore. The network saw double digit increases in March versus prior year, including in multiplatform views (a 33 percent increase from March 2019), multiplatform unique visitors (a 29 percent increase from March 2019), and multiplatform minutes (a 26 percent increase from March 2019) while the network’s comprehensive coverage of coronavirus propelled traffic and engagement to all-time highs.
FOX News Media has moved to dismiss a lawsuit by the Washington League for Increased Transparency and Ethics (WASHLITE) seeking to restrain the network’s Coronavirus coverage, announced Christopher Lovrien, most recently the Partner-in-Charge of the California Region of Jones Day, which filed the motion on behalf of FOX.
FOX News Channel (FNC) will present extensive live programming on Easter Sunday entitled, "America Together: Keeping the Faith," in celebration of the religious holy week on Sunday, April 12, as the nation grapples with the coronavirus pandemic. Coverage across the channel will encompass broadcasts from church services around the world from the Vatican to New York City, as well as reporting and live programming centered around the holiday. Content will also be available on FOX News Digital.