FOX Corporation is a news, sports, and entertainment company that manages its businesses across four operating segments: Cable Network Programming, Television, Credible, and the FOX Studio Lot. The company produces and licenses news and sports content, distributes programming through the FOX broadcast network and various digital platforms, and operates a consumer finance marketplace. FOX differentiates itself through its leadership positions in its brands and premium programming that focuses on live and appointment-based content, a significant presence in major markets, and broad distribution of its content across traditional and digital platforms.

• Employees: Approximately 10,200 full-time employees (as of June 30, 2024)
• Geographic Footprint: Primarily in the U.S.
• Headquarters: New York, New York
• Founded: 2018
• Number of locations/facilities: 29 full power broadcast television stations, including 11 duopolies, and the FOX Studio Lot in Los Angeles, California.
• Revenue: $14 billion (FY2024)
• Key Subsidiaries/Brands: FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, Tubi Media Group, Credible

• CEO: Lachlan K. Murdoch
• CFO: Steven Tomsic

• Annual Revenue: $14 billion (FY2024)
• Net Income: $1.55 billion (FY2024)
• Total Assets: $21.97 billion (as of June 30, 2024)
• Number of Employees: Approximately 10,200 full-time employees (as of June 30, 2024)
• Key Financial Highlights: Revenue decreased by 6% year-over-year, net income increased by 24% year-over-year (FY2024)

FOX's main products and services include:

• Cable Network Programming: Produces and licenses news and sports content distributed through traditional cable television systems, direct broadcast satellite operators, telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms. Key brands include FOX News Media (FOX News and FOX Business) and FOX Sports (FS1, FS2, Big Ten Network, FOX Deportes).
• Television: Produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising-supported video-on-demand service Tubi, 29 full power broadcast television stations, and other digital platforms. The segment also includes various production companies that produce content for the Company and third parties.
• Credible: A U.S. consumer finance marketplace.
• FOX Studio Lot: Provides television and film production services along with office space and studio operation services.

The Company operates through two reportable segments:

• Cable Network Programming: Produces and licenses news and sports content.
• Television: Produces, acquires, markets and distributes programming through the FOX broadcast network and various digital platforms.

The Company's strategic priorities include maintaining leading positions in live news, live sports and quality entertainment, increasing revenue growth through high-quality content, and expanding digital distribution offerings and direct engagement with consumers. Key initiatives include digital brand extensions at FOX News Media, investments in content, technology and marketing at Tubi, and leveraging FOX Entertainment studios to populate its primetime lineup. The company is also focused on optimizing its sports portfolio and expanding its reach through digital distribution joint ventures such as Venu Sports.

FOX operates in the highly competitive media and entertainment industry. Key market trends include changes in consumer behavior, evolving technologies, and the increasing use of direct-to-consumer offerings. The company competes with other broadcast and cable networks, direct-to-consumer streaming services, and digital media platforms. Key competitors include CNN, MSNBC, CNBC, ESPN, and other major media companies. The company's market position is strong, with FOX News being the top-rated national cable news channel for over 20 consecutive years and Tubi being one of the fastest growing AVOD services in the U.S.

• Changes in consumer behavior and technology: The ways in which consumers view content and technology and business models in the industry continue to rapidly evolve. New distribution platforms and increased competition from new entrants and emerging technologies have added to the complexity of maintaining predictable revenue streams.
• Declines in advertising expenditures: FOX's advertising revenues have been, and may continue to be, adversely affected by factors such as advertising market conditions, changes in consumer behavior, and deficiencies in audience measurement, and they vary substantially due to cyclical sports events and elections.
• Reliance on a limited number of distributors: The Company depends on affiliation and carriage arrangements that enable it to reach a large percentage of households through MVPDs and third party-owned television stations. The failure to enter into or renew these agreements on favorable terms could have a material adverse effect on the Company's business.
• Inability to renew programming rights: The inability to renew programming rights, particularly sports programming rights, on sufficiently favorable terms, or at all, could cause the Company's advertising and affiliate fee revenues to decline significantly in any given period or in specific markets.
• Damage to brands or reputation: Damage to the Company's brands, particularly the FOX brand, or its reputation could have a material adverse effect on the business.