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The Latest Breaking News from Fox Corp

Rupert Murdoch is retiring as chairman of Fox and News Corp. at 92 years old

His son, Lachlan Murdoch, will become sole chair of News Corp. and continue as executive chair and CEO of Fox Corp.

Fortune

NYC pension funds and state of Oregon sue Fox over 2020 election coverage

New York City’s pension funds and the state of Oregon are suing Fox Corporation over Fox News' 2020 election coverage

The Independent UK

For the Politically Agnostic, Fox Corp (FOXA) Might Be a Contrarian Opportunity

For investors willing to put aside partisan politics, Fox Corp could be an interesting contrarian opportunity. Certainly, FOXA stock would be worth putting on your watch list.

Barchart

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Rupert Murdoch’s corporate record over 70-plus years as CEO and chairman

News Corp’s head honcho is one of the canniest — and luckiest — media moguls in the world, taking his father’s lead and bettering it.

Crikey

Murdochs delay disclosing their bloated pay packets, after reaping more than $1bn

More companies are releasing annual reports and executive salary data on the same day, yet one media monolith has been conspicuously absent.

Crikey

Top lawyer at Fox Corp. to step down after overseeing $787M settlement in Dominion defamation case

The chief legal officer at Fox Corp. who oversaw a $787 million settlement with Dominion Voting Systems over defamation allegations against Fox News is leaving the company

The Independent UK

A former Fox executive now argues Murdoch is unfit to own TV stations

Preston Padden helped Rupert Murdoch launch the Fox broadcast network in the 1990s. Now he argues Murdoch has proved unfit to hold the license for a Philadelphia station.

WEKU

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Fox Raises 1st Amendment Defense in WTXF-TV License Challenge

Fox is responding to a Media and Democracy Project filing with the FCC challenging the company’s fitness to own the Philadelphia station

TV Tech

Nexstar Names Michael Biard President & COO

Former Fox Corporation exec will join Nexstar on August 21; current president Thomas Carter will continue as senior advisor through end of this year

TV Tech

Fox Faces Potential Lawsuits After Tucker Carlson Departure And Dominion Settlement

Fox Corp has had several setbacks since April after parting ways with anchor Tucker Carlson and a $787.5M lawsuit settlement.

Zenger

Fox Gets Lawsuit Threat That Could Be a Dominion-Type Lawsuit

An Arizona man is reportedly preparing to file a lawsuit against Fox News for its descriptions of him in connection with the Jan. 6 attack on the Capitol.

The Street

Analyst Downgrades Fox Corp. as Fox News Viewership Falls

Cord-cutting eats into distribution revenue

Multichannel News

Fox pays $12 million to resolve suit alleging bias at Tucker Carlson's show

Ex-producer Abby Grossberg alleged Tucker Carlson created a workplace defined by bigotry and sexism. Her case factored into Carlson's ouster from Fox News and the settlement of another major lawsuit.

WEKU

Oregon is invested in Fox Corp. and is investigating its board over bogus election fraud claims

Oregon’s attorney general has announced she has begun investigating the board of directors of Fox Corp. for breaching its fiduciary duties by allowing Fox News to broadcast false claims about the 2020 presidential election

The Independent UK

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Multichannel News

Wonder Women of Los Angeles 2023: Lisa Richardson

Executive VP, Business & Legal Affairs and Associate General Counsel, Fox Corp.

Cinemablend

Tucker Carlson Is Apparently Starting A TV Show On Twitter Soon, As Rumors Swirl About Why He Was Actually Fired

Rumors continue to swirl about Tucker Carlson's firing from Fox News, as the ex-anchor is set to debut his Twitter show soon.

Barchart

Markets Today: Signs of Progress in Debt Ceiling Talks Boost Stocks

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.28%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.12%. U.S. stock index futures this morning are moderately higher. Signs of progress on a deal to raise the debt ceiling are lifting stock index futures...

Zenger

Elon Musk Reiterates That There Is No Deal In Place With Tucker Carlson Launching His Show

Tucker Carlson launches his show on Twitter after his firing from Fox News after the Dominion Voting Systems lawsuit.

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The Independent UK

Lachlan Murdoch explains why Fox News settled Dominion case for $787m

Lachlan Murdoch says Fox paid $787m to settle a lawsuit on its reporting to avoid a divisive trial and lengthy appeals process

Evening Standard

Tucker Carlson: Ex-Fox News host says he’ll relaunch show on Twitter

The right-wing television host praised Twitter as being ‘the last big’ platform to allow free speech

The Independent UK

Lachlan Murdoch explains settlement, says no change at Fox

Lachlan Murdoch says Fox paid $787 million to settle a lawsuit on its reporting to avoid a divisive trial and lengthy appeals process

The Independent UK

Fox Corp. dinged by Dominion settlement in third quarter

Fox Corp. moved to a loss in its fiscal third quarter, weighed down by Fox News’ nearly $800 million settlement with Dominion Voting Systems

The Street

Fox News Reveals Action Plan After Tucker Carlson Departure

Amid turmoil, Fox Corporation has a strategy.

WEKU

Fox isn't in the apology business. That could cost it a ton of money

When Fox Corp. CEO Lachlan Murdoch addressed investors on Tuesday, he did not apologize for the events that led to a $787 million settlement over the broadcasting of election-related falsehoods.

Crikey

The tech-bubble collapse is ending mass media — that’s a good thing

The demise of Buzzfeed and Vice mark the end of a media era — one kept alive through private equity funds and social media.

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