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    FOX REPORTS THIRD QUARTER FISCAL 2024 REVENUES OF $3.45 BILLION, NET INCOME OF $704 MILLION, AND ADJUSTED EBITDA OF $891 MILLION

    5/8/24 8:00:00 AM ET
    $FOX
    $FOXA
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    Industrials
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    Get the next $FOX alert in real time by email

    NEW YORK, May 8, 2024 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX, ", FOX", or the ", Company", ))) today reported financial results for the three months ended March 31, 2024.

    The Company reported total quarterly revenues of $3.45 billion as compared to the $4.08 billion reported in the prior year quarter. Affiliate fee revenues increased 4%, driven by 9% growth at the Television segment and 1% growth at the Cable Network Programming segment. Advertising revenues were $1.24 billion as compared to the $1.88 billion reported in the prior year quarter, primarily due to the absence of the prior year broadcast of Super Bowl LVII and fewer NFL games at FOX Sports. Other revenues were $274 million as compared to the $352 million reported in the prior year quarter, primarily due to the timing of sports sublicensing revenues at the national sports networks.

    The Company reported quarterly net income of $704 million as compared to a net loss of $50 million reported in the prior year quarter. The increase primarily reflects the absence of charges associated with legal settlement costs at FOX News Media recognized in Restructuring, impairment and other corporate matters, as well as a gain on USFL assets contributed to the United Football League joint venture recognized in Non-operating other, net in the current year quarter. Net income attributable to Fox Corporation stockholders was $666 million ($1.40 per share) as compared to a net loss of $54 million ($(0.10) per share) reported in the prior year quarter. Adjusted net income attributable to Fox Corporation stockholders1 was $520 million ($1.09 per share) as compared to the $494 million ($0.94 per share) reported in the prior year quarter.

    Quarterly Adjusted EBITDA2 was $891 million, an increase of $58 million or 7% from the amount reported in the prior year quarter. Expenses decreased in the quarter, primarily due to lower sports programming rights amortization and production costs, led by the absence of the prior year broadcast of Super Bowl LVII and fewer NFL games.

    Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said:

    "FOX's fiscal third quarter results once again demonstrate how our unique strategy continues to distinguish FOX from our peers. The strength and leadership of our core brands, coupled with our focus on live content and must-have event programming, is clearly valued by our audiences, advertisers and distribution partners. The consistent financial delivery from this strategy supports our investments in innovation which are driving momentum in our digital portfolio, led by Tubi. Our balanced capital allocation approach, fortified by our strong balance sheet, underpins our ability to drive long-term value creation for our shareholders."

    REVIEW OF OPERATING RESULTS 





    Three Months Ended March 31,



    Nine Months Ended March 31,



    2024



    2023



    2024



    2023



    $ Millions

    Revenues by Component:































    Affiliate fee

    $     1,938



    $     1,857



    $     5,465



    $     5,280

    Advertising

    1,235



    1,875



    4,437



    5,598

    Other

    274



    352



    986



    1,003

    Total revenues

    $     3,447



    $     4,084



    $   10,888



    $   11,881

















    Segment Revenues:































    Cable Network Programming

    $     1,472



    $     1,570



    $     4,517



    $     4,633

    Television

    1,938



    2,475



    6,260



    7,123

    Other, Corporate and Eliminations

    37



    39



    111



    125

    Total revenues

    $     3,447



    $     4,084



    $   10,888



    $   11,881

















    Adjusted EBITDA:































    Cable Network Programming

    $        819



    $        792



    $     1,990



    $     1,887

    Television

    145



    117



    358



    782

    Other, Corporate and Eliminations

    (73)



    (76)



    (238)



    (213)

    Adjusted EBITDA3

    $        891



    $        833



    $     2,110



    $     2,456

















    Depreciation and amortization:































    Cable Network Programming

    $          20



    $          18



    $          57



    $          52

    Television

    29



    38



    86



    97

    Other, Corporate and Eliminations

    49



    50



    148



    159

    Total depreciation and amortization

    $          98



    $        106



    $        291



    $        308

     

    CABLE NETWORK PROGRAMMING





    Three Months Ended

    March 31,



    Nine Months Ended

    March 31,



    2024



    2023



    2024



    2023



    $ Millions

    Revenues















    Affiliate fee

    $     1,104



    $     1,093



    $     3,140



    $     3,148

    Advertising

    296



    316



    934



    1,083

    Other

    72



    161



    443



    402

    Total revenues

    1,472



    1,570



    4,517



    4,633

    Operating expenses

    (499)



    (610)



    (2,090)



    (2,271)

    Selling, general and administrative

    (158)



    (172)



    (449)



    (487)

    Amortization of cable distribution investments

    4



    4



    12



    12

    Segment EBITDA

    $        819



    $        792



    $     1,990



    $     1,887

    Cable Network Programming reported quarterly segment revenues of $1.47 billion as compared to the $1.57 billion reported in the prior year quarter. Affiliate fee revenues increased $11 million or 1% as contractual price increases were partially offset by the impact of net subscriber declines. Advertising revenues were $296 million as compared to the $316 million reported in the prior year quarter. This is primarily due to lower digital advertising revenues and moderating direct response pricing declines at FOX News Media, as well as the absence of the prior year broadcast of the World Baseball Classic at the national sports networks. Other revenues were $72 million as compared to the $161 million reported in the prior year quarter, primarily due to the timing of sports sublicensing revenues at the national sports networks.

    Cable Network Programming reported quarterly segment EBITDA of $819 million, an increase of $27 million or 3% from the amount reported in the prior year quarter. Expenses decreased in the quarter, primarily due to the timing of sports programming rights amortization at the national sports networks, lower costs at FOX News Media led by lower legal costs and the deconsolidation of the USFL.

    TELEVISION





    Three Months Ended

    March 31,



    Nine Months Ended

    March 31,



    2024



    2023



    2024



    2023



    $ Millions

    Revenues















    Advertising

    $        939



    $     1,559



    $     3,503



    $     4,516

    Affiliate fee

    834



    764



    2,325



    2,132

    Other

    165



    152



    432



    475

    Total revenues

    1,938



    2,475



    6,260



    7,123

    Operating expenses

    (1,540)



    (2,106)



    (5,178)



    (5,592)

    Selling, general and administrative

    (253)



    (252)



    (724)



    (749)

    Segment EBITDA

    $        145



    $        117



    $        358



    $        782

    Television reported quarterly segment revenues of $1.94 billion as compared to the $2.48 billion reported in the prior year quarter. Advertising revenues were $939 million as compared to the $1.56 billion reported in the prior year quarter, primarily due to the absence of the prior year broadcast of Super Bowl LVII and fewer NFL games, partially offset by continued growth at Tubi. Affiliate fee revenues increased $70 million or 9%, led by higher rates at both the Company's owned and operated stations and third-party FOX affiliates. Other revenues increased $13 million or 9%, primarily due to the timing of deliveries from FOX Entertainment Studios.

    Television reported quarterly segment EBITDA of $145 million, an increase of $28 million or 24%. Expenses decreased in the quarter, primarily due to lower sports and entertainment programming rights amortization and production costs, led by the absence of the prior year broadcast of Super Bowl LVII, fewer NFL games and fewer hours of original scripted programming due to the impact of the industry guild labor disputes in 2023.

    SHARE REPURCHASE PROGRAM

    As of March 31, 2024, the Company has repurchased approximately $4.35 billion of its Class A common stock and approximately $1 billion of its Class B common stock, with a remaining authorization of up to $1.65 billion. During the quarter, the Company repurchased approximately $250 million of its Class A common stock.

    DEBT MATURITY

    In January 2024, $1.25 billion of 4.030% senior notes matured and were repaid in full.

    CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

    This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "outlook" and similar expressions are used to identify these forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of the Company's businesses. More detailed information about these factors is contained in the documents the Company has filed with or furnished to the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.

    Statements in this press release speak only as of the date they were made, and the Company undertakes no duty to update or release any revisions to any forward-looking statement made in this press release or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in the Company's expectations, except as required by law.

    To access a copy of this press release through the Internet, access Fox Corporation's corporate website located at http://www.foxcorporation.com.

     

    CONSOLIDATED STATEMENTS OF OPERATIONS





    Three Months Ended



    Nine Months Ended



    2024



    2023



    2024



    2023



    $ Millions, except per share amounts

















    Revenues

    $     3,447



    $     4,084



    $   10,888



    $   11,881

















    Operating expenses

    (2,050)



    (2,727)



    (7,305)



    (7,911)

    Selling, general and administrative

    (510)



    (528)



    (1,485)



    (1,526)

    Depreciation and amortization

    (98)



    (106)



    (291)



    (308)

    Restructuring, impairment and other corporate matters

    (15)



    (893)



    (24)



    (1,015)

    Interest expense, net

    (55)



    (55)



    (169)



    (183)

    Non-operating other, net4

    242



    174



    39



    293

    Income (loss) before income tax (expense) benefit

    961



    (51)



    1,653



    1,231

    Income tax (expense) benefit

    (257)



    1



    (419)



    (347)

    Net income (loss)

    704



    (50)



    1,234



    884

    Less: Net income attributable to noncontrolling interests

    (38)



    (4)



    (52)



    (20)

    Net income (loss) attributable to Fox Corporation stockholders

    $        666



    $         (54)



    $     1,182



    $        864

































    Weighted average shares:

    475



    521



    484



    539

















    Net income (loss) attributable to Fox Corporation stockholders per share:

    $       1.40



    $     (0.10)



    $       2.44



    $       1.60

     

    CONSOLIDATED BALANCE SHEETS





    March 31,

    2024



    June 30, 

    2023



    $ Millions

    Assets:







    Current assets:







    Cash and cash equivalents

    $            3,791



    $            4,272

    Receivables, net

    2,481



    2,177

    Inventories, net

    660



    543

    Other

    246



    265

    Total current assets

    7,178



    7,257









    Non-current assets:







    Property, plant and equipment, net

    1,672



    1,708

    Intangible assets, net

    3,048



    3,084

    Goodwill

    3,544



    3,559

    Deferred tax assets

    2,941



    3,090

    Other non-current assets

    3,334



    3,168

    Total assets

    $         21,717



    $         21,866









    Liabilities and Equity:







    Current liabilities:







    Borrowings

    $                  —



    $            1,249

    Accounts payable, accrued expenses and other current liabilities

    2,217



    2,514

    Total current liabilities

    2,217



    3,763









    Non-current liabilities:







    Borrowings

    7,196



    5,961

    Other liabilities

    1,379



    1,484

    Redeemable noncontrolling interests

    260



    213

    Commitments and contingencies















    Equity:







    Class A common stock, $0.01 par value

    3



    3

    Class B common stock, $0.01 par value

    2



    2

    Additional paid-in capital

    7,768



    8,253

    Retained earnings

    2,926



    2,269

    Accumulated other comprehensive loss

    (145)



    (149)

    Total Fox Corporation stockholders' equity

    10,554



    10,378

    Noncontrolling interests

    111



    67

    Total equity

    10,665



    10,445

    Total liabilities and equity

    $         21,717



    $         21,866

     

    CONSOLIDATED STATEMENTS OF CASH FLOWS





    Nine Months Ended

    March 31,



    2024



    2023



    $ Millions

    Operating Activities:







    Net income

    $            1,234



    $               884

    Adjustments to reconcile net income to cash provided by operating activities







    Depreciation and amortization

    291



    308

    Amortization of cable distribution investments

    12



    12

    Equity-based compensation

    69



    55

    Restructuring, impairment and other corporate matters

    24



    1,015

    Non-operating other, net

    (39)



    (293)

    Deferred income taxes

    152



    234

    Change in operating assets and liabilities, net of acquisitions and dispositions







    Receivables and other assets

    (317)



    (692)

    Inventories net of programming payable

    (220)



    222

    Accounts payable and accrued expenses

    (178)



    (200)

    Other changes, net

    (87)



    (238)

    Net cash provided by operating activities

    941



    1,307









    Investing Activities:







    Property, plant and equipment

    (233)



    (237)

    Purchase of investments

    (99)



    (55)

    Other investing activities, net

    8



    (26)

    Net cash used in investing activities

    (324)



    (318)









    Financing Activities:







    Repayment of borrowings

    (1,250)



    —

    Borrowings

    1,232



    —

    Repurchase of shares

    (750)



    (1,750)

    Dividends paid and distributions

    (272)



    (291)

    Sale of subsidiary noncontrolling interest

    —



    25

    Other financing activities, net

    (58)



    (27)

    Net cash used in financing activities

    (1,098)



    (2,043)









    Net decrease in cash and cash equivalents

    (481)



    (1,054)

    Cash and cash equivalents, beginning of year

    4,272



    5,200

    Cash and cash equivalents, end of period

    $            3,791



    $            4,146

    NOTE 1 – ADJUSTED NET INCOME AND ADJUSTED EPS

    The Company uses net income attributable to Fox Corporation stockholders and earnings per share ("EPS") attributable to Fox Corporation stockholders excluding net income effects of Restructuring, impairment and other corporate matters, adjustments to Equity (losses) earnings of affiliates, Non-operating other, net, Tax provisions and Noncontrolling interest adjustments ("Adjusted Net Income" and "Adjusted EPS" respectively) to evaluate the performance of the Company's operations exclusive of certain items that impact the comparability of results from period to period.

    Adjusted Net Income and Adjusted EPS may not be comparable to similarly titled measures reported by other companies. Adjusted Net Income and Adjusted EPS are not measures of performance under GAAP and should be considered in addition to, and not as substitutes for, net income attributable to Fox Corporation stockholders and EPS as reported in accordance with GAAP. However, management uses these measures in comparing the Company's historical performance and believes that they provide meaningful and comparable information to management, investors and equity analysts to assist in their analysis of the Company's performance relative to prior periods and the Company's competitors.

    The following table reconciles net income attributable to Fox Corporation stockholders and EPS attributable to Fox Corporation stockholders to Adjusted Net Income and Adjusted EPS for the three months ended March 31, 2024 and 2023:



    Three Months Ended



    March 31, 2024



    March 31, 2023



    Income



    EPS



    Income



    EPS



    $ Millions, except per share data

    Net income (loss) attributable to Fox Corporation stockholders

    $        666



    $       1.40



    $         (54)



    $     (0.10)

















    Restructuring, impairment and other corporate matters5

    15



    0.03



    893



    1.70

















    Non-operating other, net56

    (244)



    (0.51)



    (173)



    (0.33)

















    Tax provision5

    52



    0.11



    (172)



    (0.33)

















    Noncontrolling interest adjustment

    31



    0.07



    —



    —

















    Rounding

    —



    (0.01)



    —



    —

















    As adjusted5

    $        520



    $       1.09



    $        494



    $       0.94

































    NOTE 2 – ADJUSTED EBITDA

    Adjusted EBITDA is defined as Revenues less Operating expenses and Selling, general and administrative expenses. Adjusted EBITDA does not include: Amortization of cable distribution investments, Depreciation and amortization, Restructuring, impairment and other corporate matters, Interest expense, net, Non-operating other, net and Income tax expense.

    Management believes that information about Adjusted EBITDA assists all users of the Company's Unaudited Consolidated Financial Statements by allowing them to evaluate changes in the operating results of the Company's portfolio of businesses separate from non-operational factors that affect Net income, thus providing insight into both operations and the other factors that affect reported results. Adjusted EBITDA provides management, investors and equity analysts a measure to analyze the operating performance of the Company's business and its enterprise value against historical data and competitors' data, although historical results, including Adjusted EBITDA, may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).

    Adjusted EBITDA is considered a non-GAAP financial measure and should be considered in addition to, not as a substitute for, net income, cash flow and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements and excludes items, such as depreciation and amortization and impairment charges, which are significant components in assessing the Company's financial performance. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.

    The following table reconciles net income to Adjusted EBITDA for the three and nine months ended March 31, 2024 and 2023:



    Three Months Ended

    March 31,



    Nine Months Ended

    March 31,



    2024



    2023



    2024



    2023



    $ Millions

    Net income (loss)

    $        704



    $         (50)



    $     1,234



    $        884

    Add:















    Amortization of cable distribution investments

    4



    4



    12



    12

    Depreciation and amortization

    98



    106



    291



    308

    Restructuring, impairment and other corporate matters

    15



    893



    24



    1,015

    Interest expense, net

    55



    55



    169



    183

    Non-operating other, net7

    (242)



    (174)



    (39)



    (293)

    Income tax expense (benefit)

    257



    (1)



    419



    347

    Adjusted EBITDA

    $        891



    $        833



    $     2,110



    $     2,456

     







    1 Excludes net income effects of Restructuring, impairment and other corporate matters, adjustments to Equity (losses) earnings of affiliates, Non-operating other, net, Tax provision and Noncontrolling interest adjustments. See Note 1 for a description of adjusted net income attributable to Fox Corporation stockholders and adjusted earnings per share attributable to Fox Corporation stockholders, which are considered non-GAAP financial measures, and a reconciliation of reported net income attributable to Fox Corporation stockholders and earnings per share attributable to Fox Corporation stockholders to adjusted net income attributable to Fox Corporation stockholders and adjusted earnings per share attributable to Fox Corporation stockholders.

    2 Adjusted EBITDA is considered a non-GAAP financial measure. See Note 2 for a description of Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA.

    3 Adjusted EBITDA is considered a non-GAAP financial measure. See Note 2 for a description of Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA.

    4 Non-operating other, net presented above includes Equity earnings (losses) of affiliates.

    5 The calculation of Adjusted EPS for the three months ended March 31, 2023 reflects weighted average diluted shares of 524 million, which includes common stock equivalents that were excluded from net loss attributable to Fox Corporation stockholders as their inclusion would have been antidilutive.

    6 Non-operating other, net presented above excludes Equity earnings (losses) of affiliates.

    7 Non-operating other, net presented above includes Equity earnings (losses) of affiliates.

     

    (PRNewsfoto/Twenty-First Century Fox, Inc.) (PRNewsfoto/Twenty-First Century Fox, Inc.)

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fox-reports-third-quarter-fiscal-2024-revenues-of-3-45-billion-net-income-of-704-million-and-adjusted-ebitda-of-891-million-302139716.html

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      NEW YORK and LOS ANGELES, May 7, 2025 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX)) today announced that President and Chief Operating Officer John Nallen will participate in MoffettNathanson's Media, Internet & Communications Conference 2025 on May 14, at approximately 2:20pm (Eastern), 11:20am (Pacific). A live and archived webcast of the presentation will be available at investor.foxcorporation.com.  ABOUT FOX CORPORATIONFox Corporation produces and distributes compelling news, sports, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations and Tubi Media Group. These brands hold cultural

      5/7/25 12:00:00 PM ET
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    • Fox Corporation Executives to Discuss Third Quarter Fiscal 2025 Financial Results Via Webcast

      NEW YORK and LOS ANGELES, April 21, 2025 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX)) will discuss third quarter fiscal 2025 financial results via a live audio webcast beginning at 8:30 a.m. ET / 5:30 a.m. PT on May 12, 2025. Results will be released at approximately 8:00 a.m. ET / 5:00 a.m. PT on May 12, 2025. A live audio webcast of the presentation, and the archived webcast, will be available at investor.foxcorporation.com. About Fox CorporationFox Corporation produces and distributes compelling news, sports, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations and Tubi Media Group. Th

      4/21/25 12:00:00 PM ET
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    • SiriusXM Announces Appointment of Anjali Sud to Board of Directors

      Vice Chairman James E. Meyer to Step Down from Board NEW YORK, March 20, 2025 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ:SIRI) today announced the appointment of a new independent director, Anjali Sud, to the company's Board of Directors. Sud is an accomplished executive at the intersection of media, technology, and entertainment. She currently serves as Chief Executive Officer for Tubi (www.tubi.tv), Fox Corporation's (NASDAQ:FOXA, FOX)) free ad-supported streaming service. Prior to joining Tubi, Sud served as Chief Executive Officer of Vimeo, a global online video platf

      3/20/25 4:10:00 PM ET
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    • Amendment: SEC Form SC 13G/A filed by Fox Corporation

      SC 13G/A - Fox Corp (0001754301) (Subject)

      11/14/24 7:57:06 PM ET
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    • Amendment: SEC Form SC 13G/A filed by Fox Corporation

      SC 13G/A - Fox Corp (0001754301) (Subject)

      11/13/24 4:21:57 PM ET
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    • Amendment: SEC Form SC 13G/A filed by Fox Corporation

      SC 13G/A - Fox Corp (0001754301) (Subject)

      10/16/24 9:55:17 AM ET
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    • FOX CORPORATION ACQUIRES RED SEAT VENTURES

      LOS ANGELES, Feb. 10, 2025 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (NASDAQ:FOXA, FOX)) today announced its acquisition of Red Seat Ventures, a leading business in the creator economy that powers talent across a range of genres as they build their direct-to-consumer media businesses. Red Seat Ventures will operate as a standalone entity within FOX's Tubi Media Group. Paul Cheesbrough, CEO of Tubi Media Group, assumes the role of Chairman, Red Seat Ventures. The Red Seat Ventures executive team, led by founding partners Chris Balfe and Kevin Balfe, will continue to lead and operate the business. "The creator economy is one of the fastest growing media categories worldwide by m

      2/10/25 9:06:00 AM ET
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    • FOX REPORTS SECOND QUARTER FISCAL 2025 REVENUES OF $5.08 BILLION, NET INCOME OF $388 MILLION, AND ADJUSTED EBITDA OF $781 MILLION

      NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX, ", FOX", or the ", Company", )) today reported financial results for the three months ended December 31, 2024. The Company reported total quarterly revenues of $5.08 billion, an increase of $844 million or 20% from the amount reported in the prior year quarter. Affiliate fee revenues increased 6%, driven by 9% growth at the Television segment and 4% growth at the Cable Network Programming segment. Advertising revenues increased 21%, primarily due to higher political advertising revenues, the impact of higher MLB postseason ratings and NFL pricing, continued digital growth led by the Tubi AVOD service, and stronger news

      2/4/25 8:00:00 AM ET
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    • FOX REPORTS FIRST QUARTER FISCAL 2025 REVENUES OF $3.56 BILLION, NET INCOME OF $832 MILLION, AND ADJUSTED EBITDA OF $1.05 BILLION

      NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX, ", FOX", or the ", Company", )) today reported financial results for the three months ended September 30, 2024. The Company reported total quarterly revenues of $3.56 billion, an increase of $357 million or 11% from the amount reported in the prior year quarter. Affiliate fee revenues increased 6%, driven by 10% growth at the Television segment and 3% growth at the Cable Network Programming segment. Advertising revenues increased 11%, primarily due to higher political advertising revenues at the FOX Television Stations, continued growth at Tubi, higher ratings and higher pricing in the direct response marketplace at FO

      11/4/24 8:00:00 AM ET
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    • SiriusXM Announces Appointment of Anjali Sud to Board of Directors

      Vice Chairman James E. Meyer to Step Down from Board NEW YORK, March 20, 2025 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ:SIRI) today announced the appointment of a new independent director, Anjali Sud, to the company's Board of Directors. Sud is an accomplished executive at the intersection of media, technology, and entertainment. She currently serves as Chief Executive Officer for Tubi (www.tubi.tv), Fox Corporation's (NASDAQ:FOXA, FOX)) free ad-supported streaming service. Prior to joining Tubi, Sud served as Chief Executive Officer of Vimeo, a global online video platf

      3/20/25 4:10:00 PM ET
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    • FOX Weather Hires Veteran Meteorologist Mike Seidel After More Than 30-Year Stint at The Weather Channel

      The Weather Channel App's Ari Sarsalari Also Joins FOX Weather Team FOX Weather, FOX News Media's free ad-supported streaming television "FAST" weather service, has signed Mike Seidel as a meteorologist and storm specialist, announced its president, Sharri Berg. Seidel, who was most recently at The Weather Channel, made his FOX Weather debut over the weekend in Florida covering the start of now Hurricane Debby and continued live coverage through the overnight hours when it made landfall. Additionally, Ari Sarsalari has departed The Weather Channel App to join the FOX Weather team effective today. In making the announcement, Berg said, "We are thrilled to add Mike to our outstanding line

      8/5/24 10:06:00 AM ET
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    • Katherine Moran Meeks Named General Counsel of FOX News Media

      Katherine Moran Meeks has been named General Counsel of FOX News Media, announced Suzanne Scott, its CEO. Meeks will begin her new role on August 19th, while Bernard T. Gugar has stepped down from his position as General Counsel and Executive Vice President of Corporate Development. Meeks will report directly to Scott with further reporting responsibilities to Fox Corporation's Chief Legal and Policy Officer Adam Ciongoli. In making the announcement, Scott said, "We are delighted to welcome Kate to FOX News Media and look forward to her tackling the legal intricacies of the ever-evolving media landscape. We thank Bernard for his incredibly hard work and extensive contributions over the la

      7/24/24 6:00:00 PM ET
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