Fox Corp.’s John Nallen Says Selling Assets “Hasn’t Crossed Our Minds” Despite Pay-TV Declines: “We’re Much More Focused On Growing”
deadline.comFox Corp. COO John Nallen says the company is “much more focused on growing the business than we are on selling the business” despite accelerating pay-TV declines and other challenges.
In an appearance Monday at Deutsche Bank’s Media, Internet & Telecom Conference, Nallen was asked if the time may be right for Fox to consider selling given the likelihood of more consolidation in the media sector.
Questions about the company’s future have multiplied as the pay-TV bundle has shrunk, given the company’s traditional linear holdings.
Additional fuel for speculation came last fall when Rupert Murdoch stepped down as chairman of Fox and sibling News Corp. Murdoch turned 93 years old Monday. “I was about to say we’re not good sellers, but five years ago we were good sellers,” Nallen dryly observed, drawing a few chuckles in the room.
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