Rupert Murdoch to step down as chair of Fox, News Corp.
Fox Corporation and News Corp. announced on Thursday that Rupert Murdoch is stepping down as board chair of both while his son Lachlan Murdoch takes over both positions.
Source: upi.com
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Former Fox executive now argues Murdoch is unfit to own TV stations : NPR
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.
Source: npr.org
Fox Corp. Revenues Up In Quarter Hit By Legal Settlement
Sports saved the company’s fiscal 3Q. “Our advertising revenues increased 43%, led by the Super Bowl,” said CFO Steve Tomsic. “Television advertising revenue led this growth with a 61% increase, fueled by Super Bowl 57, which generated over $650 million in gross revenue. We also benefitted from two additional NFL Playoff games — one divisional and one wildcard — partially offset by the timing of one less regular season game.”
Source: tvnewscheck.com