Twenty-First Century Fox is a global media and entertainment company that produces and distributes a wide range of content across various platforms, including television, film, and streaming services. The company is involved in the creation of popular television shows, movies, and documentaries, and operates several well-known cable networks and film studios. With a focus on storytelling and innovative programming, Twenty-First Century Fox connects with audiences through its diverse media offerings and engages in strategic partnerships to enhance its presence in the entertainment industry. Read More
Shares of cable news and media network Fox (NASDAQ:FOXA)
fell 5.4% in the morning session after the company announced the pricing of a large secondary offering of its Class B common stock tied to a resolution within the Murdoch Family Trust. The offering consists of nearly 16.9 million shares sold by trusts for Prudence MacLeod, Elisabeth Murdoch, and James Murdoch, who will no longer be beneficiaries of any trust holding FOX shares. This move is part of a settlement of legal proceedings within the family. The offering was priced at $54.25 per share, and the selling stockholders will receive all proceeds; Fox Corporation itself is not selling any shares or receiving any funds. Secondary offerings of this size can put downward pressure on a stock's price by increasing the supply of shares available on the market, which concerns investors about potential dilution and reflects a large sale by significant stakeholders.
Shares of Fox are trading lower Tuesday morning. Late Monday, Fox detailed a major stock sale by members of the Murdoch family in two separate announcements.
Newsmax's antitrust case against Fox was dismissed but it may refile, alleging Fox blocked competition and forced unfair distribution deals in news TV.
The stocks featured in this article have all approached their 52-week highs.
When these price levels hit, it typically signals strong business execution, positive market sentiment, or significant industry tailwinds.
Elon Musk's xAI has sued Apple over its App Store practices, but the bigger news may be Apple considering acquiring some major AI start-ups. We also cover the government's interest in taking equity stakes in defense companies and Fox's weak hand as it looks for higher cable fees.
Generating cash is essential for any business, but not all cash-rich companies are great investments.
Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Looking back on broadcasting stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including iHeartMedia (NASDAQ:IHRT) and its peers.
The S&P 500 (^GSPC) is often seen as a benchmark for strong businesses, but that doesn’t mean every stock is worth owning.
Some companies face significant challenges, whether it’s stagnating growth, heavy debt, or disruptive new competitors.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the broadcasting industry, including Paramount (NASDAQ:PARA) and its peers.
In a landmark move set to reshape the American broadcast television landscape, Nexstar Media Group (NASDAQ: NXST) has announced its definitive agreement to acquire Tegna Inc. (NYSE: TGNA), a prominent owner of television stations, for $22.00 per share in an all-cash transaction. This colossal deal, valued at approximately $6.
Looking back on broadcasting stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including AMC Networks (NASDAQ:AMCX) and its peers.
Looking back on broadcasting stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including E.W. Scripps (NASDAQ:SSP) and its peers.
Growth boosts valuation multiples, but it doesn’t always last forever.
Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.
Cable news and media network Fox (NASDAQ:FOXA) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 6.3% year on year to $3.29 billion. Its non-GAAP profit of $1.27 per share was 27.3% above analysts’ consensus estimates.
In a significant wave of positive corporate news, several prominent companies have recently announced robust financial results and strategic deals, injecting a fresh dose of optimism into the financial markets. Micron Technology (NASDAQ: MU) has significantly raised its financial forecasts, signaling a strong rebound in the semiconductor sector driven by
Disney's ESPN to acquire NFL Network and other assets in exchange for 10% stake, boosting digital offerings. Final approval from NFL team owners needed.
Fox Corp (NASDAQ: FOX, FOXA) reported Q4 results with $3.29B revenue, beating analyst estimate of $4.16B. Stock gained 17% YTD, up 1.79% premarket at $58.00.
Wondering what's happening in today's session regarding gap up and gap down stocks? Explore the S&P500 index on Tuesday to uncover the stocks that are gapping in the S&P500 index.
