Fox Shareholders Favor Getting Cash Over Stock When Disney Deal Closes
Nearly 52% of shareholders in 21st Century Fox, the entity that is about to be acquired by Disney, have expressed a preference to receive cash in exchange for their shares after the Disney-Fox deal...
View ArticleFox Corp. Begins New Era As Stand-Alone Company, With Former House Speaker...
UPDATED with Rupert Murdoch memo: With fewer than 24 hours remaining before the acquisition of 21st Century Fox by Disney closes, the remaining stand-alone entity Fox Corp. begins trading today and has...
View ArticleDisney Closes Fox Deal, Kicking Off New Era For Hollywood – Update
UPDATE: At 12:02AM ET, one of the most consequential mergers in Hollywood history became official. The Walt Disney Co. has acquired about two-thirds of 21st Century Fox, altering the entertainment...
View ArticleFox Sets Disney “Transaction Tax,” Plans Investor Confab; Stock Slips Again
Fox Corp. has confirmed it received a $2 billion cash payment from Disney, which reduces the “transaction tax” the new entity paid to 21st Century Fox to $6.5 billion. Both were expected steps...
View ArticleFox Tops Wall Street Forecasts In First Quarterly Report As Stand-Alone Company
Fox brought down the curtain on its previous chapter as the larger media entity 21st Century Fox, reporting third-quarter results that exceeded Wall Street expectations. Excluding items, earnings per...
View ArticleFox Corp. Stock Slips 2% After Guggenheim Analyst’s Downgrade
Fox Corp. stock slipped 2% on Monday to close at $35.92 after Guggenheim Partners analyst Michael Morris downgraded the shares to “neutral” from “buy.” Morris, who also lowered his 12-month price...
View ArticleFox Corp. Beats Wall Street Q4 Estimates In First Full Quarter As Stand-Alone...
Fox Corp. beat Wall Street estimates in its first full quarter as a stand-alone company, with affiliate revenue and digital licensing powering the performance. Adjusted earnings per share came in at 62...
View ArticleDisney, Sinclair Broadcast Group, Byron Allen Close Regional Sports Network Deal
Disney and Sinclair Broadcast Group have formally closed their $9.6 billion transfer of 21 regional sports networks once owned by 21st Century Fox. In order to close its $71.3 billion acquisition of...
View ArticleJeremy Clarkson & Co-Stars’ Social Network DriveTribe Plans For 2020 Profit...
EXCLUSIVE: DriveTribe, the motoring social network founded by The Grand Tour team, is planning to turn its first profit in 2020 after growing the business and taking £2.5M ($3M) of investment from...
View ArticleFox Corp. Stock “Disappointing” Since Disney Split, But Analyst Sees Upside:...
Veteran Wall Street media analyst Michael Nathanson got straight to the point in his latest note to clients of his firm, MoffettNathanson. “Fox’s early life as a new company has been nothing short of...
View ArticleJames Murdoch And Tech Investor Reid Hoffman Talk Dark Side Of Social Media...
James Murdoch didn’t mention Disney or the streaming wars or TV ratings or any of the myriad topics that marked his run as CEO of 21st Century Fox. Instead, his 30-minute discussion with LinkedIn...
View ArticleWarnerMedia Names Miranda Higham SVP, Head Of Communications For International
WarnerMedia has named former 21st Century Fox executive Miranda Higham as SVP and head of communications for the company’s operations outside the U.S. She will report to Christy Haubegger, EVP,...
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