Fox Corp. Sees Q3 Profits Dip Due to FanDuel Stake, Despite Revenue Gains

That in turn will have a major ripple effect across Hollywood’s creative community and the global content production ecosystem, which in recent years has been primed to operate in an environment of seemingly endless demand for new TV shows and movies. Morgan Stanley this month projected the rate of content spending by the 14 largest players in global media to expand at a 13% compound annual growth rate from 2022-25, when the tally will top $200 billion.

Brian Steinberg Senior TV EditorThe executives at the company that owns cable’s venerable Weather Channel know they have a popular service. The network has been around since 1982. Now they hope lightning will strike twice.A live-stream of the outlet will be made available via app for connected TV sets, and subscribers who already get the cable version can get it by providing details of their provider.

Todd Spangler NY Digital EditorAmid fears of a looming global recession, shares of media companies saw a mixed day of trading Friday as major market indexes marked their the longest string of weekly losses in decades.The S&P 500 index closed flat thanks to a late-session rally, but it was down for the week and is off 18.7% year to date, on the edge of the unofficial 20% threshold indicating a bear market. The Nasdaq Composite, weighted toward the tech sector, dipped 0.3% Friday and has declined 28% since the beginning of 2022. For both indexes, it’s their longest streak of weekly losses since the 2001 dot-com bust.The Dow Jones Industrial Average also was essentially flat Friday, down 2.8% for the week.

Fox Corp, Telemundo, TelevisaUnivision, Disney, YouTube, Warner Bros. Discovery, Paramount and the CW.

Fox Corp. CEO Lachlan Murdoch said seven-time Super Bowl champion Tom Brady will be much more than a Sunday night analyst for Fox Sports but a partner after inking a deal said to be worth $375 million over ten years with the Tampa Bay Buccaneers quarterback.

Senate Majority Leader Chuck Schumer called on Rupert Murdoch and other top executives of Fox Corp. and Fox News to stop the “reckless amplification” of the “great replacement theory” by some of the news channel’s hosts.

Cynthia Littleton Business EditorFox Corp. surprised the industry on Monday by hosting an upfront programming presentation that was entirely pre-recorded.About 800 attendees gathered at the Skylight venue in Lower Manhattan for the presentation that unfolded in immersive fashion across giant screens.Attendees sat nightclub-style in the round at small tables.

Michael Schneider Variety Editor at LargeFox is bringing back the post-Super Bowl series lead-out, and turning to chef Gordon Ramsay to help do it. The network plans to premiere the second season of Ramsay’s “Next Level Chef” right after Super Bowl LVII on Sunday, Feb.

Color-coordinated on the red carpet! Machine Gun Kelly and Megan Fox stunned at the Good Mourning premiere with matching pink ensembles.

Breaking records on and off the field? Fox spoke out about the reported $375 million deal Tom Brady signed to become the network’s lead NFL analyst once he retires from football for good.

Tom Brady retires he won’t be away from the NFL. It was revealed on Tuesday, that the 44-year-old has agreed to a long-term deal to be Fox Sports’ lead NFL analyst immediately after he retires.

Plans after plans. Tom Brady is set to join Fox Sports after he retires from the Tampa Bay Buccaneers. The seven-time Super Bowl champion was announced as the new lead analyst for Fox Sports.

football analyst once his playing career ends, the network said Tuesday.When that actually happens is unclear, because Brady recently changed his mind about retiring and said he plans to continue playing for the Tampa Bay Buccaneers for his 23rd NFL season.Fox Corp. CEO Lachlan Murdoch made the announcement during a corporate investor call on Tuesday.“Over the course of this long-term agreement, Tom will not only call our our biggest NFL games with Kevin Burkhardt, he will also serve as an ambassador for us, particularly with respect to client and promotional initiatives,” Murdoch said.Murdoch said it's “entirely up to” Brady when he decides to retire from football and join Fox.

Quarterback Tom Brady has been confirmed as Fox’s lead NFL analyst, with the job waiting for him whenever his playing career finally concludes.

Tom Brady has a job lined up for when he actually does decide to retire from the NFL!

Brian Steinberg Senior TV EditorLegendary football player Tom Brady will join Fox Sports as part of a multi-year deal once he ends his NFL career, lending the company a potential new boost after it lost mainstay announcers Joe Buck and Troy Aikman to ESPN.The news was disclosed by Fox Corporation CEO Lachlan Murdoch during an investor call. The executive said Brady’s arrival at Fox Sports remained uncertain, as the decision about when to walk off the playing field would be left up to the athlete.

While Tom Brady doesn’t have a retirement date, we now know what he’ll be doing once he finally puts the pigskin down — he’s headed to Fox Sports.Fox chief executive officer and executive chair, Lachlan Murdoch, announced the news on Tuesday’s earnings call for the company. “We are delighted that Tom has committed to joining the Fox team and we wish him all the best,” Murdoch said. During the Q&A portion of the earnings call, the first person to pose questions to the Fox leadership team brought up Brady, joking that he wouldn’t ask when Brady was going to retire, but Lachlan addressed it anyway.“It’s entirely up to him for when he chooses to retire,” Murdoch said, noting he expects Brady to have an “exciting and stellar television career, but it’s up to him to make that choice when he sees fit.”Brady announced his retirement from football in Feb.

Fox Corp. delivered a mix bag of financial results in its fiscal third quarter, with revenue exceeding Wall Street expectations but earnings falling short.