Fox Corp. Sees Profit Tumble on Higher Content Expenses as Revenues Rise

Kanye West is igniting a fresh feud with Billie Eilish following her concert in Atlanta earlier this week. Apparently he wasn’t too happy with one of her comments — at least how it was widely interpreted in the pop press.

OMG, the drama never ends with these two!

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Fall Out Boy, High On Fire and Russian Circles have covered Van Halen – listen to it below.It’s part of Jordan Old’s video series Two Minutes To Late Night, which sees musicians gather remotely to cover classic songs.Jordan Olds brings together Matt Pike, frontman of Sleep and High On Fire, alongside Fall Out Boy drummer Andy Hurley and Russian Circles’ Mike Sullivan.You can listen to the cover of Van Halen’s 1981 ‘Unchained’ here:Back in October, Wolfgang Van Halen paid tribute to his father Eddie to mark the first anniversary of his death.The Van Halen guitarist died from throat cancer on October 6, 2020. He was 65 years old.He said he was “trying to my best here without [Eddie], but it’s really fucking hard”.“You fought so hard for so long, but you were still taken away,” Wolfgang added, “It’s just so unfair.”A memorial plaque to Eddie Van Halen was unveiled in his hometown of Pasadena, California later that month.

Ashley Graham showed off her twin baby boys Thursday on Instagram. The 34-year-old model revealed their names as well, Malachi and Roman. Graham posed for the photo while breastfeeding one baby and holding the other against her chest.

Kanye West wants an apology from Billie Eilish. Not to him, but to fellow rapper Travis Scott, who was allegedly dissed by Eilish last Saturday.

Kylie Jenner and Kris Jenner have now weighed in on Travis Scott’s friendship with Kanye West and it’s safe to say they’re not thrilled with it and how it has interfered with his responsibilities as the father of a newborn. “Kylie asked Travis to stay home with her and the kids after his last outing with Kanye this week,” a source EXCLUSIVELY told HollywoodLife. “He told her that he needed to go out and blow off steam and celebrate the birth of his new son and she gets that.”

Nothing like a little sisterly teasing! Nicole Richie hilariously called out her younger sibling, Sofia Richie, when the latter posted an Instagram photo packing on the PDA with boyfriend Elliot Grainge.

The look of love! Morgan Wallen and Paige Lorenze have officially confirmed their romance after first being linked in the summer of 2021.

A total shock. Julia Haart was fired from her position at estranged husband Silvio Scaglia Haart‘s company in the midst of the couple’s split.

Lele Pons, you probably know that Shakira means the world to her. Self-described as one of the Colombian singer’s die-hard fans, Pons took to social media to share a throwback photo of the moment they met back in 2018.“Shakira and Me.

Ed Sheeran and Taylor Swift are teaming up!

Brian Steinberg Senior TV EditorNBCUniversal has taken viewers to a little house near Walnut Grove, Minn., a police station on Hill Street and to whatever locale hosts the Olympics. Now the media company just wants to take people shopping.The company plans to launch an interactive livestreamed shopping show over three of the holiday season’s heaviest days, using Instagram, Facebook and Comcast’s Xfinity cable system, and also expects to debut an online bazaar where consumers can purchase goods affiliated with various stars of shows on the company’s Bravo cable network.

Brian Steinberg Senior TV EditorAMC Networks said an surge in the production of new programming helped boost its operations in the third quarter, resulting in a boost to profit as the company works to place its content in an array of new venues to court the rise of consumers interesting in streaming.The New York owner of the AMC, IFC and SundanceTV cable networks and distributor of the “Walking Dead” series, said net income rose to $110.6 million, or $2.60 a share, compared with $61.6 million, or $1.18 a share, in the year-earlier period. Revenue, meanwhile, surged 24% to nearly $810.8 million, compared with $654 million in the year-earlier period.AMC Networks reported earnings for the first time under new executive oversight.

Brian Steinberg Senior TV EditorViacomCBS said third-quarter profit declined as it invested in more content for streaming audiences, but noted that its revenue from just that consumer activity was on the rise, with 4.3 million new subscribers to its broadband outlets added during the period.The New York owner of the CBS broadcast network, the Showtime premium cable network and outlets such as Nickelodeon and Comedy Central said third-quarter net income  fell to $538 million, or 80 cents a share, compared with $615 million, or $1.00 a share, in the year-ago period, as it invested in Paramount Plus, its new subscription-based streaming hub.

Fox Corp. posted a strong September quarter including a 12% pop in sales to $3.05 billion, beating Wall Street forecasts and fueled by a 17% uptick in ad revenue, citing continued growth at Tubi, the return of a full schedule of live events at Fox Sports and more scripted programming at Fox Entertainment — all versus last year when the industry was still staggering under Covid.

Brian Steinberg Senior TV EditorDiscovery said its third quarter profit tumbled significantly due to higher expenses for its broadcast of the 2021 Summer Olympics and costs associated with its new direct-to-consumer businesses, even as its traditional lines of revenue increased and it added three million more subscribers for its streaming-video operations.The company is slated to take over WarnerMedia, currently owned by AT&T, in a transaction that is expected to be complete by the middle of 2022.The New York owner of the Food Network, Discovery Channel and TLC said net income fell to $156 million, down 48% when compared with $300 million in the year earlier period.

Brian Steinberg Senior TV EditorThe round-table show “The Five” has proven to be one of Fox News Channel’s most durable properties. And yet, after a decade on air, the late-afternoon program can still surprise even the most veteran executive at the Fox Corp.

Brian Steinberg Senior TV EditorCarley Shimkus will take up the co-anchor seat on “Fox & Friends First” opposite Todd Piro after Jillian Mele announced Friday that she was leaving the early-morning program.Shimkus has been a reporter for Fox News Headlines, a co-host on the Fox Nation streaming service and a substitute host on Fox News Channel. She joined Fox Business Network in 2009 as a production assistant and was later promoted to associate producer.

Brian Steinberg Senior TV EditorComcast saw its third-quarter profit soar due to its massive broadcast of the Tokyo Olympics across NBCUniversal as well as an uptick in broadband customers hunkered down at home during the coronavirus pandemic, even as the company’s traditional cable business showed new signs of erosion.The Philadelphia owner of the Comcast cable empire and the NBCUniversal entertainment conglomerate said profit in the third quarter came to $4.04 billion, or 86 cents per share, compared with $2.02 billion, or 44 cents per share, in the year-earlier period.

Brian Steinberg Senior TV EditorRupert Murdoch launched Fox News Channel in 1996, and the anchors and hosts of some of its most popular programs will now have a permanent reminder.Fox News on Wednesday renamed its “Studio M” in honor of the elder Murdoch, who continues to work as chairman of parent company Fox Corp. The 3,675-square-foot space, previously known as “Studio F,” hosts some of the cable-news network’s most popular programs, including “Fox & Friends,” “Outnumbered” and “The Five,” as well as its Election Night coverage.