Fox posted earnings per share of 48 cents for its fiscal second quarter on revenue $3.78 billion, up 5% year on year with affiliate revenue up 7%. Advertising nosed up 1% despite the tough compari…
$500 million
to shareholders in the form of share repurchases since our last earnings release. Coming off an incredibly successful and with the buildup to the November Presidential Election ahead of us, we look forward to continuing our momentum through calendar 2020.” Fox became a standalone and much smaller company last year when it split from 21st Century Fox and the film and entertainment assets were acquired by Walt Disney in a massive $71 billion-deal that closed last March. Fox retained news, sports and broadcast assets including Fox News and Fox Business, Fox Entertainment,In tough ratings times for broadcast and cable, Fox News and the
were standouts. Fox News was the top-rated basic cable network among total viewers for a fourth year in a row. Fox broadcast ratings were buoyed by the addition toand tok the top ratings spot for the fall portion of the 2019-20 broadcast season. It was the newly stand-alone network’s first No. 1 finish in the adults 18-49 demographic in ten years., Fox for the first time ever ranked as the #1 broadcast network in the fall in entertainment programming .
Fox’ current quarter is off to a solid start. The Kansas City Chiefs’ 31-20 victory over the San Francisco 49ers on Sunday in
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