Fox Corp: Last News

Todd Spangler NY Digital Editor Tubi pulled a FAST one on Super Bowl viewers on Sunday night. Tubi, the free, ad-supported streaming television (FAST), ran a clever trompe l’oeil ad that made it look as if viewers’ TVs were changing the channel right in the middle of the climactic end of the Eagles-Chiefs game. The 15-second spot, which ran in the fourth quarter of Fox’s Super Bowl LVII telecast, starts by throwing back to the game’s announcing duo of Kevin Burkhardt and Greg Olsen. (Tubi is owned by Fox Corp.) As Burkhardt and Olsen banter in generalities about the game, an unseen hand pulls up a Tubi on-demand menu on the TV — and after a couple of audible blips, selects “Mr. & Mrs. Smith,” the 2005 movie starring Angelina Jolie and Brad Pitt, before the Tubi logo flashes on the screen.

Rupert Murdoch’s News Corp., home to media properties including the Wall Street Journal, Dow Jones and HarperCollins, announced as it released disappointing quarterly results that it is laying off 5% of its workforce.

Fox Corp. matched Wall Street expectations for its fiscal second quarter, powered by NFL football in the U.S. and football at the World Cup.

Tom Brady told Fox Sports Colin Cowherd on the air this this morning that he will begin his job as broadcaster at Fox during the 2024 NFL season. He spoke about the importance of processing all he’s been through as a reason for taking a gap year.

Warner Bros. Discovery’s plan to distribute Westworld and other key shows via FAST channels has materialized.

News Corp. and Fox Corp., both controlled by Rupert Murdoch, have abandoned a potential merger after a special committee determined that “a combination is not optimal for shareholders.”

For a second straight year, YouTube will host its annual Brandcast pitch to video ad buyers during the heart of what had been a week dominated by traditional TV network upfronts in New York.

AMC Networks is choosing to host an in-person event during the spring upfront season, confirming plans for a presentation for about 200 to 250 guests.

Rupert Murdoch’s News Corp. and Fox Corp. have signed 20-year renewals of their leases in their longtime shared headquarters in New York at 1211 Avenue of the Americas.

Fox CFO Steven Tomsic promised that “whatever happens” as its board considers merging with News Corp., creating value for shareholders “will be at the forefront of everyone’s mind.”

Fox Corp. and DirecTV agreed to a multi-year carriage renewal, agreeing to extend talks for several hours beyond the prior deal’s expiration in order to avoid a blackout of several networks and local stations.

A few days before the expiration of a carriage deal with DirecTV, Fox Corp. is warning viewers of its networks about a potential blackout as the companies continue to negotiate.

A London-based investor in Rupert Murdoch’s News Corp. and Fox Corp. has reportedly expressed its opposition to the companies’ potential reunification.

AMC Networks followed the discouraging pattern of media and tech companies reporting advertising downturns in the third quarter.

President Joe Biden once again gave a speech warning of the future of democracy, keying in on some GOP candidates’ refusal to commit to accepting the election results.

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.

Fox Corp. rode a surge in political ad spending and continued growth in streaming in its fiscal first quarter, posting financial results above Wall Street analysts’ expectations.

Cynthia Littleton Business Editor CANNES – The newly constituted senior entertainment team at Fox Corp. came to Mipcom this year with checkbooks in hand. The trio of executives who offered the keynote address Monday evening at the international content conference were blunt in telling the crowd that they came to make some new friends around the world and strike some deals. The company is bucking the trend in media toward direct-to-consumer subscription platforms. Fox is putting its resources into content and IP that can travel around the world and be adaptable in many forms. “While others are trying to hide their content behind paywalls, we are doing the opposite,” said Rob Wade, who was promoted this month to CEO of Fox Entertainment (“I’m 10 days in to the job,” he noted with a smile on stage). “We see the potential of working with (outside) networks, producers and distributors to be able to get our content out there further.”

Brian Steinberg Senior TV Editor OpenAP was built by traditional TV companies hoping to get their collective hands around new ad-tech that is generating millions of advertising dollars Now they are reaching outside of their circle. The advertising consortium, owned by NBCUniversal, Fox Corp., Paramount Global and Warner Bros. Discovery, has enlisted an investment from Snowflake Ventures, a company that specializes in cloud-based data and analytics. Snowflake will be the first company from outside the traditional TV business to have ownership in Open AP. “This investment from Snowflake is really a testament to the publishers saying, ‘We know this is where the industry is going,'” says David Levy, CEO of Open AP, in an interview.

Media mogul Rupert Murdoch is exploring a re-combination of the family’s Fox Corp. and News Corp., which split into two separately companies nearly a decade ago. The boards of directors of both have set up committees to examine the possibility.

As the fall sports calendar reaches a peak moment, especially in New York with the Yankees in the playoffs and the Jets finally on a winning path, Fox Corp. has warned Altice customers that a carriage fight could knock sports and other programming off the air.