Fox Corp. Chief Lachlan Murdoch Declines To Address News Corp. Reunion Scenario, But Says Scale Will Be Key In Coming Years As Media M&A “Opportunities Will Emerge”

deadline.com:

Fox Corp. CEO Lachlan Murdoch declined to directly address deliberations about a potential reunion with corporate sibling News Corp.

during Fox’s quarterly earnings call, but he readily acknowledged the importance of scale in the media business. “What we’ve seen out of our media peers over the past few years are peers getting bigger through mergers and acquisitions,” the exec said. “Scale lends flexibility in many ways.

We continue to grow our business. We continue to look at M&A and be very disciplined. But we do look at the importance of scale, particularly over the next couple of years when opportunities will emerge.” He did not elaborate on the nature of those opportunities, but said Fox would continue to explore possible deals.

Murdoch spoke a few minutes after Fox posted solid results in the fiscal first quarter, with political ad revenue propelling the company’s overall performance.