Latest news with #FoxCorporation
Yahoo
14 hours ago
- Business
- Yahoo
Are Options Traders Betting on a Big Move in Fox Corporation Stock?
Investors in Fox Corporation FOXA need to pay close attention to the stock based on moves in the options market lately. That is because the June 20, 2025 $25 Put had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Clearly, options traders are pricing in a big move for Fox Corporation shares, but what is the fundamental picture for the company? Currently, Fox Corporation is a Zacks Rank #2 (Buy) in the Broadcast Radio and Television industry that ranks in the Top 34% of our Zacks Industry Rank. Over the last 60 days, no analyst increased the earnings estimates for the current quarter, while four have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.13 per share to $1.01 in that period. Given the way analysts feel about Fox Corporation right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fox Corporation (FOXA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
2 days ago
- Business
- Business Times
Even as the Murdochs bitterly feud, their empire thrives
NOTHING in Fox's television schedules last year was quite as exciting – or, at times, as profane – as the drama that played out in a closed probate court in Reno, Nevada. Rupert Murdoch, the now 94-year-old founder and controlling shareholder of Fox Corporation and its sister company, News Corp, was trying to change the terms of a family trust in order to block three of his children from inheriting control of the companies on his death. The high-stakes legal manoeuvre was rejected. An appeal – and thus a new season of morbid entertainment for media watchers – is in the works. As the Murdochs continue their decades-long, multibillion-dollar family feud, the empire they are fighting over is flourishing. This is doubly surprising. For one thing, succession crises and legal uncertainty tend not to bolster investors' confidence in a company. What is more, the Murdoch firms are giants in linear television and print journalism, declining industries that markets have not been kind to. Why are a pair of legacy media companies controlled by a dysfunctional dynasty so popular with investors? Start with Fox, the larger of the two, with a market value of US$24 billion. Its business is concentrated in American broadcast and cable television, which in recent years have witnessed a bloodbath. Over the past decade and a half, the share of homes with pay TV has fallen from nearly 90 per cent to barely 50 per cent, as viewers have defected to streaming services such as Netflix. As for broadcast television, Americans today spend half as much time watching it as they do streaming, according to Nielsen, a data company. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up While other legacy media companies' values have stagnated or worse, Fox's has soared. The difference lies in its content mix. In 2019, Fox sold its general-entertainment assets to Disney for US$71 billion, at what turned out to be the top of the market, deciding to focus on news and sport. It was the right call: streamers like Netflix have since grabbed the audience for general entertainment, while news and sport have mostly stayed on linear TV, and thus with Fox. 'They were always the most entrepreneurial company – they could always see around corners,' said Jessica Reif Ehrlich, a media analyst at Bank of America. Despite streamers' growing interest in sport, Fox's audience is stable: its first showing of the Indianapolis 500 last month brought in 7.1 million viewers, the most for the motor race since 2008. Fox News, meanwhile, recently recorded the most-watched quarter in the history of cable news, thanks in part to the chaos generated by the new occupant of the White House. Healthy audiences mean that, despite a shrinking cable market, Fox has seen modest growth in its affiliate fees (the sums it charges cable providers for carrying its channels) from US$5.9 billion in 2020 to US$7.3 billion last year. The return of Donald Trump has also helped Fox's advertising business, by normalising opinions which once made mainstream advertisers queasy about airing commercials on Fox News. Ads on the channel are no longer just for gold and magic pillows: in recent months, the likes of Amazon, Netflix and GE have paid for spots on the network. 'Because of the election results, many advertisers have sort of rethought their positioning in this country and understand that the Fox News viewer really does represent middle America,' Lachlan Murdoch, Fox's chief executive, said in March. Having mostly sat out the ruinously expensive streaming wars, in which media companies lost billions trying to woo subscribers, Fox is now experimenting with the new medium. In 2020 it bought Tubi, an unglamorous free streaming service with ads. Tubi has since overtaken rivals such as Pluto, owned by Paramount, and is on track to bring in more than US$1 billion this year. In February, Fox aired the Super Bowl on Tubi, drawing eight million new viewers to the platform. Some 40 per cent of the audience was under 34, a group that is hard to reach on cable. Its latest streaming experiment is Fox One, combining all of Fox's linear content, which will launch before the National Football League kicks off in September. Unlike other legacy media companies, which must reckon with the trade-off that putting their best stuff on streaming will undermine people's willingness to pay for a bigger bundle of entertainment content on cable, Fox faces no such dilemma. 'The beauty of Fox is, because they don't have the long tail of crappy linear cable channels to protect, they're very nimble,' said Jason Bazinet of Citigroup, another bank. On the transition to streaming, 'They're sort of agnostic, and so from a strategic standpoint they're just in a very good position.' News Corp, the other half of the Murdoch empire, which holds titles including The Wall Street Journal and New York Post, is in favour with investors for different reasons. Print news looks no more promising than cable television, as circulations at many titles decline and the advertising business is swallowed by Google and Meta. By one estimate, more than 3,000 newspapers have closed in America in the past 20 years – a third of the country's total. Yet, like Fox, News Corp's stock is buoyant, rising by nearly 50 per cent in the past two years. One reason is the success of Dow Jones, the part of News Corp which holds the Journal. Whereas advertising-reliant titles like the New York Post are struggling with declines in web traffic, the globalised, subscription-focused Journal has thrived in the same way as rivals like The New York Times. Dow Jones also has a high-margin business supplying data to companies. Its revenue has risen by 40 per cent since 2020, offsetting a decline among News Corp's other news businesses. HarperCollins, a book publisher owned by News Corp, has also contributed to growth, helped by a boom in audiobooks. Yet, the biggest driver of News Corp's share price has nothing to do with news. Among the company's eclectic assets is a 61 per cent stake in REA Group, a publicly traded Australian property-listing platform. The Murdochs invested in the company in 2001, when it was on the brink of bankruptcy after the dotcom crash. It proved to be an inspired bet: following a housing boom in Australia, REA's market value has grown to over US$20 billion, some US$4 billion more than News Corp itself. Shareholders' excitement about News Corp has little to do with newspapers or books, said Bazinet of Citi: 'The market's enthusiasm is for REA.' He calculated that, between 2017 and 2024, there was an 84 per cent correlation between the movements in News Corp's share price and those of REA. Rupert Murdoch (above) is apparently determined to protect the leadership of his eldest son, Lachlan – who as well as running Fox is chairman of News Corp – against a future challenge by three siblings, Prudence, Elisabeth and James, who disagree to varying extents with the right-wing politics of the Murdoch outlets. PHOTO: REUTERS As the Murdoch empire ploughs successfully on, the family continues to feud. Rupert Murdoch is apparently determined to protect the leadership of his eldest son, Lachlan – who as well as running Fox is chairman of News Corp – against a future challenge by three siblings, Prudence, Elisabeth and James, who disagree to varying extents with the right-wing politics of the Murdoch outlets. Under the terms of the family trust, the three will have enough votes to oust Lachlan Murdoch after their father dies. Unless he can amend the trust, or buy out the rebel siblings, change could be on the way for Rupert Murdoch's companies. Yet, the prospect of such an upset seems to be stoking enthusiasm for the stocks in some quarters. Activist investors in News Corp have long lobbied for the company to spin off its stake in REA, arguing that the property company and the newspapers would fare better separately than they have as a bundle. Fox has likewise benefited from speculation that the company could become a target for acquisition, as Hollywood's studios rush to bulk up. If control of the companies passes to siblings who are unhappy with the status quo, the chances of a sale or break-up rise. Investors' enthusiasm for Fox and News Corp is partly explained by the fact that Murdoch has run them so shrewdly. But it is also due to a sense that his time in charge is drawing to a close. ©2025 The Economist Newspaper Limited. All rights reserved
The Age
2 days ago
- Business
- The Age
The Murdochs are feuding but their empire is thriving
Nothing in Fox's television schedules last year was quite as exciting – or, at times, as profane – as the drama that played out in a closed probate court in Reno, Nevada. Rupert Murdoch, the 94-year-old founder and controlling shareholder of Fox Corporation and its sister company News Corp, was trying to change the terms of a family trust to block three of his children from inheriting control of the companies upon his death. The high-stakes legal manoeuvre was rejected. An appeal – and thus a new season of morbid entertainment for media watchers – is in the works. As the Murdochs continue their decades-long, multibillion-dollar family feud, the empire they are fighting over is flourishing. This is doubly surprising. For one thing, succession crises and legal uncertainty tend not to bolster investors' confidence in a company. What's more, the Murdoch firms are giants in linear television and print journalism, declining industries that markets have not been kind to. Why is a pair of legacy media companies controlled by a dysfunctional dynasty so popular with investors? Start with Fox, the larger of the two, with a market value of $US24 billion ($37 billion). Its business is concentrated in American broadcast and cable television, which in recent years have witnessed a bloodbath. As the Murdochs continue their decades-long, multibillion-dollar family feud, the empire they are fighting over is flourishing. Over the past decade-and-a-half, the share of homes with pay TV has fallen from nearly 90 per cent to barely 50 per cent as viewers have defected to streaming services such as Netflix. As for broadcast television, Americans today spend half as much time watching it as they do streaming, according to Nielsen, a data company. While other legacy media companies' values have stagnated or worse, Fox's has soared. The difference lies in its content mix. In 2019 Fox sold its general-entertainment assets to Disney for $US71 billion at what turned out to be the top of the market, deciding to focus on news and sport. It was the right call: streamers like Netflix have since grabbed the audience for general entertainment, while news and sport have mostly stayed on linear TV, and thus with Fox.
Sydney Morning Herald
2 days ago
- Business
- Sydney Morning Herald
The Murdochs are feuding but their empire is thriving
Nothing in Fox's television schedules last year was quite as exciting – or, at times, as profane – as the drama that played out in a closed probate court in Reno, Nevada. Rupert Murdoch, the 94-year-old founder and controlling shareholder of Fox Corporation and its sister company News Corp, was trying to change the terms of a family trust to block three of his children from inheriting control of the companies upon his death. The high-stakes legal manoeuvre was rejected. An appeal – and thus a new season of morbid entertainment for media watchers – is in the works. As the Murdochs continue their decades-long, multibillion-dollar family feud, the empire they are fighting over is flourishing. This is doubly surprising. For one thing, succession crises and legal uncertainty tend not to bolster investors' confidence in a company. What's more, the Murdoch firms are giants in linear television and print journalism, declining industries that markets have not been kind to. Why is a pair of legacy media companies controlled by a dysfunctional dynasty so popular with investors? Start with Fox, the larger of the two, with a market value of $US24 billion ($37 billion). Its business is concentrated in American broadcast and cable television, which in recent years have witnessed a bloodbath. As the Murdochs continue their decades-long, multibillion-dollar family feud, the empire they are fighting over is flourishing. Over the past decade-and-a-half, the share of homes with pay TV has fallen from nearly 90 per cent to barely 50 per cent as viewers have defected to streaming services such as Netflix. As for broadcast television, Americans today spend half as much time watching it as they do streaming, according to Nielsen, a data company. While other legacy media companies' values have stagnated or worse, Fox's has soared. The difference lies in its content mix. In 2019 Fox sold its general-entertainment assets to Disney for $US71 billion at what turned out to be the top of the market, deciding to focus on news and sport. It was the right call: streamers like Netflix have since grabbed the audience for general entertainment, while news and sport have mostly stayed on linear TV, and thus with Fox.
News.com.au
3 days ago
- Business
- News.com.au
Tubi CEO Anjali Sud ‘excited' about company's plans to grow in Australia
The CEO of fast-growing streaming service has hinted at the company's plans to continue expanding in Australia. Tubi was launched in the US in 2014 and, while it may not have the same name recognition among Aussies as competitors like Netflix and Binge, there is one major thing that sets it apart. While customers of other streaming platforms have been hit with price hikes, Tubi's ad-supported services are completely free, with users able to access thousands of shows and movies without having to pay a cent. The Fox Corporation-owned service has been available in Australia since 2019, with a library of about 7000 movies and TV shows, making it the largest free catalogue of its kind in Australia, even rivalling the amount of titles available to local Netflix users. Speaking with Tubi CEO, Anjali Sud, said she is 'thrilled' about the work that is already being done in Australia, with plans to keep that momentum going. 'We feel right now that we have a lot of commitment to invest and to grow in Australia,' she said. However, Ms Sud understands the company needs to 'earn' the attention and time of Australian viewers by adopting a 'local mentality'. 'We're very aware that to do this well all comes down to listening to Australian audiences and Australian viewers,' she said, adding that she was 'excited' for Tubi to continue to grow. Asked if we could expect to see any Tubi jobs popping up Down Under anytime soon, the CEO said, 'I certainly hope so'. 'I very much hope that we'll continue to scale and be able to bring in folks into the team,' she said. The company, which has over $1 billion in revenue, currently has under 700 employees, which is a leaner operation than many media companies operating at this scale. However, Ms Sud believes this is a positive thing, noting they have tried to resist the bureaucracy that tends to occur and 'slow things down' as operations increase in scale. Within the workplace itself, the CEO said there is a focus on cultivating an 'authentic' culture, which embraces all the different personalities within the team. Team members are also encouraged to take 'big swings', regardless of whether it ultimately works out. 'We do a lot to actually not just celebrate success, but celebrate failure. Celebrate that, when you fail, you learn something and it's better to try than to not,' Ms Sud said. 'We've tried to destigmatise failure and really celebrate fearlessness.' And it seems this mindset is working, with the company growing exponentially since Ms Sud joined the team as CEO towards the end of 2023. In her first full year leading the company, Tubi's audience grew to more than 80 million users, expanded further globally by launching in the UK and solidified the streaming service as a major entertainment destination. Ms Sud is no stranger to leading innovative, fast growing companies, previously serving as the CEO of global video platform Vimeo, a title she earned at just 33 years old. She described the process as 'terrifying' but also 'transformational', with the role teaching her to trust her instincts, a lesson she has been able to put into practice since going over to Tubi. 'What I've learned is it's easy to kind of have conviction or passion or bet on something, but it's so much more powerful when that's coming from a really deep understanding of your users,' Ms Sud said, adding that Tubi's ability to listen to its users was one of the reasons she wanted to join the company. The CEO also isn't afraid of making changes in order to ensure Tubi continues to grow. One of the things she is most excited for when it comes to the future of the company is to help platform creators and connect them with wider audiences. 'I just think there are so many incredible, important stories out there that can't find their audience, and there are so many creators and storytellers, and even more emerging now in digital and social channels that want to be able to produce high quality, long form content,' she said. 'No one, even YouTube I think, has not yet cracked how to bring the creator economy to Hollywood. Ms Sud knows this is a big goal and not something that will 'happen overnight', but, given Tubi's track record, it is something she believes can be done. 'We are really thinking about the future of entertainment, and we're really trying to embrace more diverse storytelling and more diverse storytellers,' she said. 'There is a lot to be excited about with that work.'
