|Bid||0.00 x 900|
|Ask||39.65 x 1800|
|Day's range||35.66 - 36.42|
|52-week range||29.61 - 41.73|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||15.17|
|Forward dividend & yield||0.46 (1.25%)|
|Ex-dividend date||02 Sep 2019|
|1y target est||51.50|
FOX News Channel’s (FNC) Sean Hannity will conduct a sit-down interview with President Donald J. Trump which will air during the FOX SUPER BOWL PREGAME SHOW on Sunday, February 2nd beginning at approximately 3:30 PM/ET. The interview will take place at the White House and cover an array of topics.
FOX News Digital delivered a record year in 2019, setting new highs across multiplatform views, average monthly multiplatform unique visitors, multiplatform minutes, and average monthly mobile app unique visitors, according to Comscore. Driving more than 19 billion multiplatform views for the year, up 12 percent from 2018, Fox News Digital Network saw the largest year-over-year growth in multiplatform views, with the majority of brands in the news competitive set experiencing a decrease year-over-year. Monthly multiplatform unique visitors across FOX News Digital averaged 101 million unique visitors this year, an 11 percent increase versus 2018, beating CNN.com in growth year over year. In multiplatform minutes, FOX News Digital earned the number one spot in the news competitive set, driving 46.6 billion minutes, up 35 percent versus the prior year, and experiencing the largest year over year growth. FOX News Digital finished at number one in the news competitive set, outpacing CNN.com (18.6 billion/36 billion minutes), NYTimes.com (13.3 billion/13.2 billion minutes), and WashingtonPost.com (6.1 billion/14 billion minutes) in total views and total minutes.*
FOX News Channel’s (FNC) Shannon Bream has signed a new multi-year deal with the network, announced Suzanne Scott, CEO of FOX News Media and Jay Wallace, its president and executive editor. Bream will remain in her role as anchor of FOX News @ Night (weeknights at 11PM/ET) and continue as the network’s chief legal correspondent.
FOX News Channel (FNC) has elevated senior Capitol Hill producer Chad Pergram to congressional correspondent, announced Bryan Boughton, senior vice president and Washington bureau chief for the network. Effective immediately, Pergram will provide live reports across all FNC programs and platforms, delivering viewers the latest from policymakers in Washington.
FOX News Channel (FNC) has signed WFMZ-TV, an independent television station, reporter Alex Hogan as a general assignment reporter. She begins her new role today.
The College Football Playoff is a money-making machine, regardless how many teams — four or eight — go to the finals.
Verizon (VZ) introduces an avant-garde hassle-free pricing model, Mix & Match, allowing users to combine TV with Internet plans minus any hidden charges and annual contracts.
Martha MacCallum has signed a new multi-year deal with FOX News Channel (FNC) where she will continue as anchor of The Story with Martha MacCallum (weeknights at 7PM/ET) and executive editor of the primetime program, announced Suzanne Scott, CEO of FOX News Media and Jay Wallace, its President. Additionally, Ms. MacCallum will continue to co-anchor all of the network’s election and special event political coverage alongside Special Report’s Bret Baier.
FOX News Channel (FNC) will present a town hall with 2020 Democratic presidential candidate and former Mayor Pete Buttigieg of South Bend, IN on Sunday, January 26th, announced Jay Wallace, president and executive editor of FOX News Media. Moderated by FOX News Sunday’s Chris Wallace, FNC’s first town hall of 2020 will take place live at 7PM/ET in Des Moines, IA and focus on the top issues facing voters one week prior to the Iowa caucuses.
Cincinnati Bell (CBB) is likely to lose FOX TV stations in 2020 due to a contract conflict with Fox Corporation, which may result in a dearth of customers.
FOX News Media has formed a strategic advertising partnership with Emmy ® award-winning branded content agency, HEVĒ, announced Jeff Collins, executive vice president, advertising sales for FOX News Media.
FOX News Channel (FNC) has named Ed Henry as the co-anchor of America’s Newsroom (weekdays, 9AM-12PM/ET), announced Jay Wallace, president and executive editor of FOX News Media. Henry will begin his new role alongside co-anchor Sandra Smith starting January 20, 2020.
FOX News Digital finished the month of November reaching 1.6 billion multiplatform views, notching its 10th consecutive month surpassing CNN.com in total views. FOX News Digital marked its 14th straight month outpacing CNN.com in total minutes, according to Comscore.* FOX News Digital secured 1.565 billion multi-platform views, (a 16 percent increase from November 2018) and 3.936 billion total minutes (a 13 percent increase from November 2018). FOX News Digital also finished at number one in the news competitive set, outpacing CNN.com (1.6 billion/3.1 billion), NYTimes.com (1.1 billion/1.1 billion) and WashingtonPost.com (399 million/1.1 billion) in total views and total minutes.*
FOX Business Network (FBN) finished 2019 delivering the top two programs on business television for the third straight year, according to early Nielsen Media Research. As the political economy dominated headlines, FBN scored its third highest rated year ever across Business Day in total viewers. In addition, FBN delivered eight of the 15 top rated programs of the year in all of business television.
FOX News Channel (FNC) notched its highest-rated year in primetime in its 23-year history with 2.5 million viewers and finished the year as the most-watched network in basic cable for the fourth consecutive year in both primetime and total day (1.4 million) among total viewers, according to Nielsen Media Research. FNC also ranks as a top five network in primetime in all of television for 2019. Additionally, Hannity was the number one program in cable news for the third consecutive year with 3.3 million viewers.
FOX News Channel (FNC) has named Bill Hemmer to helm the 3pm/ET hour, announced Jay Wallace, president and executive editor of FOX News Media. In this role, he will lead all breaking news coverage as well as take over the hard news hour with the January 20th debut of Bill Hemmer Reports. In conjunction, Hemmer will depart FNC’s morning news program America’s Newsroom (9AM-12PM/ET) with a rotating journalist joining Sandra Smith until a permanent co-anchor is announced.
FOX Nation, the on demand direct to consumer streaming service which just celebrated its one year anniversary, will debut a new program hosted by country music star John Rich, announced John Finley, Executive Vice President of Development for the platform. Launching in February 2020, The Pursuit! With John Rich will be filmed from his home in Nashville, Tennessee with signature star guests and personal friends of Rich who will delve into their journey to achieving the American dream.
(Bloomberg Opinion) -- The merger floodgates broke open five years ago, and now U.S. Senator Elizabeth Warren wants to close the hatch. Her proposed bill to substantially restrict big corporate tie-ups is more a presidential campaign statement than viable legislation — and it certainly won’t score her any more points with the Wall Street crowd — but she is calling attention to the maniacal pace of dealmaking in corporate America and the need to modernize antitrust laws that have permitted some recent problematic transactions.More than $7 trillion of takeovers of U.S. companies have been announced since this day in 2014 — 52,694 companies to be exact.(1) That compares with just $4.4 trillion of deals in the previous five-year period. The transactions grew over time as balance sheets flush with cash and income statements desperate for growth created a perfect storm, which more often than not was stoked by pliable regulators. The Walt Disney Co. acquired 21st Century Fox Inc.; Charter Communications Inc. bought Time Warner Cable Inc.; CVS Health Corp. took over Aetna Inc.; Marriott International Inc. merged with Starwood Hotels & Resorts Worldwide Inc.; and T-Mobile US Inc. is trying to buy Sprint Corp. Those are just some of the more recognizable names. Warren, one of the top-polling candidates heading into the Democratic primaries, wants to ban deals in which one company has annual revenue of more than $40 billion, or both businesses generate more than $15 billion in sales, according to a draft of the bill reviewed by Bloomberg News. (A notable exception would be companies facing insolvency.) That could effectively prevent every top airline, insurer, manufacturer, oil producer, retailer, technology platform and other conglomerates — perhaps even Warren Buffett’s M&A vehicle, Berkshire Hathaway Inc. — from making any acquisitions. It would sound the M&A death knell. The idea, however, is unlikely to gain broad support among lawmakers.Even so, it’s hard not to notice the rising drumbeat of politicians concerned about overreach by corporate giants, particularly those in the tech field. Senator Amy Klobuchar, another Democratic presidential candidate, plans to introduce separate antitrust legislation soon, Bloomberg News reported, citing a person familiar with the matter. (Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent of Bloomberg News and Bloomberg Opinion, is also campaigning for president.)For the Trump administration’s part, the U.S. Justice Department is already investigating whether tech giants — namely Apple Inc., Amazon.com Inc., Facebook Inc. and Google — are using their unchecked power to engage in harmful business practices. But as I wrote in July, if regulators are so concerned about protecting consumers from tech overreach, their glowing endorsement of T-Mobile’s takeover of Sprint is a funny way of showing it; it will shrink the U.S. wireless market from four to three major carriers and remove a company that’s helped to keep customer prices in check.Antitrust regulation under President Donald Trump has at times created questionable optics. Makan Delrahim, the Justice Department’s top antitrust enforcer, seemed to switch his stance on AT&T Inc.’s takeover of Time Warner Inc. as Trump railed against the deal. Time Warner was the parent of CNN, which Trump views as his personal nemesis. (I’ve argued that whatever the case, scrutiny of the megamerger was warranted considering the broad market power it gave to AT&T as media companies without such scale struggle to compete.) By comparison, Disney and Fox, which was controlled by Trump pal Rupert Murdoch, closed their megadeal with few regulatory hiccups. Warren has criticized other giant deals, such as the merger of SunTrust Banks Inc. and BB&T Corp. and the combination of seed makers Bayer AG and Monsanto Co. Given that they aren’t household names, though, most Americans are unfazed by or unaware of such deals, even though they may feel the effects later. Her bill would direct the government to take into account not just whether a merger will lead to higher prices but also what the impact might be on workers, privacy and industry innovation. To justify the cost of buying another large company, dealmakers tend to come up with ambitious estimates of synergies, a euphemism for layoffs. It’s clear that the meaning of “harm” needs to be expanded in the antitrust sense, and laws need to take a more holistic view of the potential consequences of M&A as the lines between industries continue to blur. The Big Tech factor also needs to be weighed, as some deals are being done in part to respond to companies like Amazon that are spreading their tentacles into new areas. On Wednesday, TV-network operators CBS Corp. and Viacom Inc. completed their own merger, a bid to cut costs and create more scale to compete against a new roster of even more powerful media giants: Amazon, Apple, AT&T and Disney. Even then, ViacomCBS Inc., as the merged entity is now called, may not be big enough, and so it may be only a matter of time before it gets swallowed. Warren’s overly broad proposal likely isn’t the answer. But Democrats do seem ready to at least try to rein in a market that’s gotten out of hand. For dealmakers, this may be last call at the M&A party.(1) Data compiled by Bloomberg as of Thursday morning. Excludes terminated deals.To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Daniel Niemi at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Today Amazon Web Services, Inc. (AWS), an Amazon.com company (AMZN), announced that Fox Corporation (Nasdaq: FOXA, FOX) (“FOX”) and AWS have signed a multi-year strategic collaboration agreement to use AWS’s unmatched portfolio of services, highly reliable infrastructure, and professional services organization to enable a new cloud-based media production and delivery platform. The integrated platform for broadcast and digital video services will distribute FOX’s leading sports, news, and entertainment television content to multi-channel video programming distributors, to more than 200 affiliate stations, and to over-the-top (OTT) providers, marking the first time that a single platform will be used to deliver both traditional broadcast and direct to consumer streaming services.
(Bloomberg) -- Fox Corp. is turning to Amazon.com Inc.’s cloud to route video to the broadcaster’s cable and streaming customers, the latest Digital Age tie-up between the high-tech newcomer and big media companies.Under the multiyear deal, announced at Amazon Web Services’ re:Invent conference in Las Vegas on Tuesday, AWS Media Services will transmit Fox sports, news and entertainment content to television customers and streaming services. Amazon’s tools will also help power Fox production facilities in Los Angeles, New York, Tempe, Arizona, and Charlotte, North Carolina.Fox will use Amazon to replace a video infrastructure built mostly in the 1990s, before the emergence of online streaming or cloud computing, Paul Cheesbrough, Fox’s chief technology officer, said by email. “At a technical level, we’ll have a more agile infrastructure that can grow and adapt with our business,” he said, enabling capabilities like quicker launch of new channels or products.Amazon is the largest seller of cloud infrastructure services such as rented data storage and networking services. The unit’s growing scale in corporate technology circles has been a source of tension for potential customers in industries like retail that go head to head with other Amazon groups. Fox isn’t immune to that and competes with Amazon in original TV content and the right to broadcast live sports.“I think to some degree that this is the new reality, but we’ve had a long-standing set of partnerships with Amazon on many fronts,” Cheesbrough said. “It’s something that we continuously monitor and review though, and as a buyer of cloud services, it’s a space where plenty of competition and options exist if we need them.”Fox is taking advantage of Amazon’s move in the last few years to build decentralized infrastructure closer to big customers, an effort to appeal to businesses that need quicker response time from AWS services.Most cloud-computing software is beamed to customers from massive, and sometimes distant, server farms. AWS last year announced a server rack product called Outpost that is designed to bring some AWS services inside a customer’s own data center. Outpost went on sale on Tuesday.Fox will place Outpost in some of its production facilities. The broadcaster will also use the first AWS Local Zone, a new type of AWS infrastructure that places major services closer to customers. Those local options made relying on AWS for Fox’s video work less risky, Cheesbrough said.Financial terms of the deal weren’t disclosed.To contact the reporter on this story: Matt Day in Seattle at email@example.comTo contact the editors responsible for this story: Robin Ajello at firstname.lastname@example.org, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.