Fox Swings to Q3 Profit Despite Slump in Ad Revenue

Megan Fox owned up to her part in the family drama between her ex-husband, Brian Austin Green, and his ex-fiancé, Vanessa Marcil!

sports-streaming service set to be launched by Walt Disney, Warner Bros.

Todd Spangler NY Digital Editor The joint venture of Disney/ESPN, Fox Corp. and Warner Bros. Discovery to package together a sports streaming bundle has a name — Venu Sports.

Brian Steinberg Senior TV Editor Netflix may be a new-tech company, but it approached advertisers Wednesday with old-school TV talk: The company aims to make dozens of shows and movies that people like to watch and talk about. During an upfront presentation, executives from the streaming giant showcased a msssuve pipeline of content that included two Christmas Day games from the NFL, a year of WWE matches and a new movie that features the return of Cameron Diaz, who will come-star with Jamie Foxx in “Back in Action.” “At a time when the competition is pulling back, we are investing,” said Bela Bajaria, the company’s chief content officer.

Brian Steinberg Senior TV Editor The turmoil in TV and advertising has been reflected in a high level of turnover among top TV ad sales executives, so media buyers will be doing business with a number of new faces in this year’s upfront advertising sales market. Madison Avenue’s growing reliance on streaming video has given rise to a new array of top sales honchos. Jeff Collins is leading Fox Corp.’s efforts this year following the retirement of sales stalwart Marianne Gambelli.

Joe Otterson TV Reporter The 2024 Fox upfront presentation featured an appearance by Jamie Foxx in one of his first public appearances since his health crisis last year. Foxx took to the stage and did his best to crack up the crowd of advertisers, a tall order considering the bar had yet to open.

Fresh from being roasted on Netflix, Tom Brady turned up to the Fox Upfronts.

EXCLUSIVE: It came down to the wire but the last outstanding scripted series on the Big 4 broadcast networks has learned its fate. Fox has handed a Season 4 renewal to The Cleaning Lady, starring Élodie Yung. According to sources, the order is for 12 episodes.

Jennifer Maas TV Business Writer When NBCUniversal kicks off TV’s traditional week of upfront presentations on Monday, picket-free sidewalks outside Radio City Music Hall will be a sight for sore eyes following last year’s noisy protests in the first weeks of what proved to be the nation’s “hot labor summer.” Hosting a programming presentation at a megawatt New York City venue like Radio City or Javits Center is stressful enough. Executives are eager to return to business as usual in wooing Madison Avenue.

Honey the therapy dog might need to seek some external help after Fox canceled animated series Housebroken.

Joe Otterson TV Reporter The animated comedy “Housebroken” has been canceled at Fox after two seasons. The series aired its second season at the broadcaster last year. It originally debuted on Fox in May 2021 and was renewed for its second season in August of that year.

Joe Otterson TV Reporter Gordon Ramsay and Fox are set to launch Bite, described as a global food brand and entertainment platform. Bite falls under Ramsay’s deal with Fox Entertainment and their production partnership, Studio Ramsay Global.

EXCLUSIVE: Fox has given a Season 3 pickup to Alert: Missing Persons Unit. The renewal of the procedural drama, starring Scott Caan and Dania Ramirez, has been expected.

Gordon Ramsay and Fox Entertainment have teamed to launch Bite, a food and entertainment brand featuring culinary and lifestyle content, products and more.

Todd Spangler NY Digital Editor Disney and Warner Bros. Discovery — ordinarily rivals for consumers’ time and money — are teaming up for a triple-play bundle of Disney+, Hulu and Max. The companies announced a new streaming bundle comprising Disney+, Hulu and Max will be available this summer in the U.S.

Fox CEO Lachlan Murdoch said the upcoming sports streaming venture with Disney/ESPN and Warner Bros. Discovery is forging ahead with over 150 engineers now on board dedicated “to building a unique and innovative product” for sports fans outside the traditional cable bundle.

Fox Corp. saw revenue dip for its fiscal third quarter as advertising slid on tough comps with the Super Bowl broadcast the year earlier.

There’s been another update on Megan Fox and Machine Gun Kelly‘s romance.

Todd Spangler NY Digital Editor Jessica Casano-Antonellis is exiting SiriusXM to join the new Disney, Fox Corp. and Warner Bros. Discovery sports-streaming venture as head of communications.

Brian Steinberg Senior TV Editor These days, it’s never too early to start talking about the Super Bowl. Fox Corp’s 2025 broadcast of Super Bowl LIX is nearly a year away, slated to air Feb. 9 from New Orleans.