Fox Corp. on Wednesday reported a rise in quarterly revenue, as the owner of Fox News Channel and Fox Entertainment recorded higher advertising revenue due to the broadcast of Super Bowl LIV.
21.04.2020 - 00:01 / hollywoodreporter.com
UBS analyst John Hodulik on Monday lowered his price target for Fox Corp. over concerns of far lower future advertising revenues amid the coronavirus pandemic.
"We now expect steeper U.S. advertising declines in 2020 with a more gradual recovery in 2021," Hodulik wrote in an investors note about the the slimmed-down media firm that emerged from the $71.3 billion sale of 21st Century Fox assets to The Walt Disney Company.
Fox Corp. on Wednesday reported a rise in quarterly revenue, as the owner of Fox News Channel and Fox Entertainment recorded higher advertising revenue due to the broadcast of Super Bowl LIV.
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