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Lachlan Murdoch

Fox Is Happy to Stay Out of the Streaming Wars “Bloodbath,” Says CEO Lachlan Murdoch

Fox is more than happy to be outside of the streaming wars and focused instead on its advertising-based video-on-demand platform and its live offerings.  “We’ve been very happily on the sidelines watching this sort of bloodbath, which is going on in the SVOD market,” Fox CEO Lachlan Murdoch said Wednesday. “And what that’s meant is […]

Strong Advertising Performance at Tubi and Fox News Drives Fox Corp. Earnings

Strong advertising deliveries swung Fox Corp. back to profitability in the company’s last quarter (its fiscal Q3), after it had reported a loss in fiscal Q2. Fox reported revenues of $3.45 billion, including advertising revenues of $1.3 billion, and reported net income of $290 million. That being said, profits were down from a year earlier, […]

Fox CEO Says Company Still Needs Scripted and Unscripted Entertainment Amid “Tough” Streaming Shift

Fox Corp. CEO Lachlan Murdoch says that his company remains committed to entertainment even as it has pivoted its focus to news and sports, telling a Morgan Stanley conference that scripted dramas and reality shows are “important to bind the ecosystem” it has created. At the same time, Murdoch argued that Fox News, with its […]

Fox Corp. Ad Revenue Tops $1.1B Led by Live Sports, Tubi

Fox Corp. reported strong quarterly earnings Wednesday, as the TV business continued to rebound from a year earlier, when the pandemic was wrecking havoc on the advertising and TV business. The earnings, for fiscal Q1 of 2022 (the quarter that ended Sept. 30), saw the company have revenues of $3.05 billion (up 12 percent year-over-year), […]

News Corp Terminates “Poison Pill” Takeover Defense, Caps Murdoch Family’s Voting Power

Rupert Murdoch’s News Corp said Wednesday that its board of directors has authorized a $1 billion stock buyback program, terminated a shareholder rights plan, also known as a “poison pill,” which is a defense against hostile takeovers, and struck a deal with the Murdoch family to cap any increase in its voting power. The moves […]

Murdochs Take Pandemic Pay Cut to $31M and $27M

Fox Corp. CEO Lachlan Murdoch and his father, chairman Rupert Murdoch, each saw their compensation packages fall in 2021 due to pandemic-spurred pay cuts. Rupert still took home a compensation package valued at $31.1 million, with Lachlan Murdoch seeing a package valued at $27.7 million. Those are down from $34 million and $29.1 million the […]

Fox CEO Lachlan Murdoch Calls TMZ Buy “Very Modest”

Fox Corp. CEO says that the company’s roughly $50 million deal to buy TMZ was “very modest” in scale, but one that fits into the company’s overall acquisition strategy. Praising TMZ’s digital presence, Murdoch told a Bank of America conference Tuesday that “when we look at TMZ, we see a business that we were not […]

Fox Corp. Buying Sports Site Outkick as Company Beats Wall Street Expectations

Fox Corp. beat Wall Street expectations Wednesday, delivering revenues of more than $3.2 billion. That was down from $3.44 billion a year earlier, when it aired a Super Bowl. The company also detailed some of its digital expansion plans. For starters, Fox Corp. acquired Outkick, the sports site founded by former Fox Sports host Clay […]

Fox Corp. CEO Says Ratings Will “Improve for the Next Four Years” During Biden’s Term

During an investors conference Thursday, Lachlan Murdoch says his Fox News Network will be the big ratings winner while President Joe Biden is in the White House.

News Corp, Google Agree to Landmark Deal to Pay for News

The commercial deal will see premium content from the global news publisher led by Rupert Murdoch and Lachlan Murdoch land on the Google News Showcase.

Fox Corp. Ad Revenue Jumps 14 Percent, Driven by Fox News, Record Political Ads at TV Stations

"We don't believe we have to go further right. We don't believe America is further right," CEO Lachlan Murdoch told analysts as Fox News Channel adjusts to a cable TV news market after Donald Trump left the White House.

Fox Corp. Quarterly Earnings, Revenue Fall Amid Pandemic

Fox Corp. on Wednesday reported a fall in quarterly earnings and overall revenues, as the owner of Fox News Channel and Fox Entertainment recorded lower advertising revenue amid the coronavirus pandemic.