Lachlan Murdoch Says Fox Is On The Prowl For M&A

deadline.com:

Media deals are having a moment and now a leading player, Fox, is looking to jump in as CEO Lachlan Murdoch told investors at a conference today that the company will train its solid balance sheet on M&A.

That’s an unusual statement. CEOs are always asked this but tend to say – true or not — that they like the hand they have and would rather invest in growing existing businesses.

It was towards the end of the session and there were no follow-up questions or potential targets named at the Goldman Sachs media conference after an analyst asked the chief executive how he sees the company evolving in the next three to four years.

The rather painful progress of the Discovery-Warner Media merger and Paramount’s recent deal to combine with Skydance have been very much in the news.