Lachlan Murdoch
Fox Corp. Will Pursue M&A Deals, CEO Lachlan Murdoch Says
Fox Corp. is ready to deal. During an interview at a Goldman Sachs conference Tuesday, Fox CEO Lachlan Murdoch explained the company’s strategy in sports, news, and entertainment, but also indicated that it is quite willing to cut some deals. Murdoch, asked what the next couple of years look like for his company, said that […]
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Rupert Murdoch Gets Fox Send-Off at Annual Shareholder Meeting
Rupert Murdoch was sent off with a sizzle reel. In his final day as executive chairman of Fox Corp., Murdoch spent the morning in Los Angeles on the Fox Studio Lot in Century City, where he attended Fox’s annual shareholder meeting in the lot’s Zanuck Theatre. But unlike News Corp.’s annual meeting earlier in the […]
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Rupert Murdoch “Still Very Much Involved” at Fox Corp. Despite Title Change, Lachlan Says
Fox Corp., led by executive chair and CEO Lachlan Murdoch, reported improved fiscal fiscal-quarter financials on Thursday as advertising revenue fell 2 percent in the period ended Sept. 31, but affiliate revenue rose 2 percent. “Other” revenue also improved by 2 percent. The company reported quarterly earnings of $415 million, compared with a year-ago profit of […]
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Fox Corp. Unveils $1B Revolving Credit Agreement
Fox Corp. has unveiled a $1 billion revolving credit agreement completed with a consortium of banks that renews an existing credit facility established in 2019. In a securities filing on Thursday, Fox said the debt facility — a five-year unsecured revolver from a consortium of banks led by Citibank that could potentially go to $1.75 […]
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Lachlan Murdoch Drops Defamation Suit Against Australian News Site
Just days after Fox Corp. settled the Dominion defamation suit for $787.5 million, the company’s executive chairman and CEO, Lachlan Murdoch, dropped defamation proceedings against the independent Australian news site Crikey, which linked his family to the U.S. Capitol attack on Jan. 6, 2021. In August 2022, Murdoch launched defamation proceedings in a Sydney court […]
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As It Weighs Murdoch-Driven Merger, Fox Corp. Posts Rise in Revenue on Record Political Advertising Haul
Fox Corp. reported revenue in its fiscal first quarter of $3.19 billion, up 5 percent from the same quarter a year ago, owing to higher affiliate fees and a strong advertising environment, led by a record-shattering midterm elections advertising haul. That being said, the company reported net income of $618 million, down from $708 million […]
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Murdochs See Fox Pay Packages Trimmed in 2022
Rupert and Lachlan Murdoch saw their compensation packages at Fox Corp. trimmed in the fiscal year that ended June 30, 2022. Rupert Murdoch, Fox’s chairman, received a pay package totaling $18.4 million last year. That was down from $31.1 million a year earlier. Similarly, Lachlan Murdoch, Fox’s executive chairman and CEO, received a $21.7 million […]
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Lachlan Murdoch Sues Australian Website for Defamation Related to Jan. 6 Opinion Piece
Fox Corp. chief executive Lachlan Murdoch is suing Australian news website Crikey in a Sydney court for defamation over an opinion piece about last year’s storming of the U.S. Capitol. Media mogul Rupert Murdoch’s son filed a statement of claim in the Federal Court on Tuesday, a day after Crikey publisher Private Media’s chairman Eric […]
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Lachlan Murdoch: “Unprecedented” Political Advertising Spend Fueling Fox Corp. Growth
Fox Corp., led by CEO Lachlan Murdoch, reported higher advertising and affiliate fee revenues for its fiscal fourth quarter, while overall earnings and revenue missed analyst expectations. The media company posted total revenue of $3.03 billion for the three months to June 30, up 5 percent from a year-earlier $2.89 billion. Zack Consensus Estimate forecast […]
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Fox Is Happy to Stay Out of the Streaming Wars “Bloodbath,” Says CEO Lachlan Murdoch
Fox is more than happy to be outside of the streaming wars and focused instead on its advertising-based video-on-demand platform and its live offerings. “We’ve been very happily on the sidelines watching this sort of bloodbath, which is going on in the SVOD market,” Fox CEO Lachlan Murdoch said Wednesday. “And what that’s meant is […]
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Strong Advertising Performance at Tubi and Fox News Drives Fox Corp. Earnings
Strong advertising deliveries swung Fox Corp. back to profitability in the company’s last quarter (its fiscal Q3), after it had reported a loss in fiscal Q2. Fox reported revenues of $3.45 billion, including advertising revenues of $1.3 billion, and reported net income of $290 million. That being said, profits were down from a year earlier, […]
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Fox CEO Says Company Still Needs Scripted and Unscripted Entertainment Amid “Tough” Streaming Shift
Fox Corp. CEO Lachlan Murdoch says that his company remains committed to entertainment even as it has pivoted its focus to news and sports, telling a Morgan Stanley conference that scripted dramas and reality shows are “important to bind the ecosystem” it has created. At the same time, Murdoch argued that Fox News, with its […]
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