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Biden Campaign Spending "Quite Substantially" on Fox News Ads, Lachlan Murdoch Says

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hollywoodreporter.com

Fox Corp. CEO Lachlan Murdoch says his slimmed-down media firm has fared well during the pandemic because of the assets it retained as part of its $71.3 billion sale of 21st Century Fox assets to Walt Disney. "Fortune can go your way sometimes," Murdoch told the Bank of America Securities 2020 Media, Communications and Entertainment Conference during a session that was webcast on Thursday.

The new Fox, led by Lachlan Murdoch as CEO and chairman and Rupert Murdoch as co-chairman, includes the Fox broadcast network, TV stations, the Fox News group and the Fox Sports assets.

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