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Fox (NasdaqGS:FOX) 2025 Conference Transcript
2025-09-11 02:12
公司概况 * 公司为Fox (NasdaqGS:FOX) 其董事长兼CEO为Lachlan Murdoch[1] * 公司于2019年出售大部分娱乐资产给The Walt Disney Company 此后收入增加近50亿美元 其中广告收入和分销收入各贡献约20亿美元 EBITDA增加近10亿美元 并向投资者返还85亿美元[7] 核心业务与战略 * 公司业务势头强劲 广告收入和分销收入均拥有巨大增长动力[5] * 核心战略聚焦于传统品牌增长、体育投资及数字增长(包括数字平台、Fox One和Tubi)并扩展至Fox拉丁美洲[20] * Fox News在上个财年成为所有有线电视中的第一频道 今年7月和8月成为全美所有电视网络中的第一名[19] * 公司广告需求非常强劲 体育和新闻均表现强劲 娱乐广播网络Fox Broadcast出现多年来最强的散点定价增长及两位数增长[17] 新产品与投资 * 直接面向消费者业务Fox One于8月21日推出 月费1999美元 早期表现超出预期[13][14] * 与ESPN的捆绑包将于10月2日推出 月费3999美元 旨在成为美国体育迷的必备体育捆绑包[15] * 公司拥有对FanDuel近186%股权的期权 将在2030前行使 根据卖方分析师估值 该期权目前有31亿美元内在价值 另持有其母公司Flutter 25%的股权 价值11亿美元 两项投资合计为公司股价贡献约9至10美元 per share[11] * 公司已与26个州就体育博彩许可进行接洽 许可过程处于初始阶段[11] 广告与市场表现 * 广告市场非常强劲 公司在upfronts中实现两位数销量增长[16][17] * Tubi作为免费服务 覆盖了超过2/3的无线市场受众(即不在传统有线或广播生态系统中的用户)该市场对广告商至关重要且难以触达[18] * Fox News的广告CPM是广播网络的一半 为广告商提供巨大价值 广告商涌入且支出增加[19] 其他重要内容 * Murdoch家族信托相关事宜的解决为公司战略提供清晰度和一致性 有利于许可过程简化[7][12] * Tubi拥有6000万美国剪线族目标市场 表现优异 并即将在近期实现盈利[5][6] * 公司计划将Tubi的盈利资本再投资于Fox One[6] * 公司专注于向投资者返还资本 提高盈利能力 并投资于核心品牌和新闻业[7]
94岁富豪终结继承战!邓文迪女儿成赢家,33亿“踢走”三子女?
搜狐财经· 2025-09-10 14:10
94岁的传媒大亨重新建立了一份家族信托协议,大儿子拉克伦和邓文迪的两个女儿成为新信托的受益 人。而大女儿、二女儿和次子则被新信托"踢出局"。同样是默多克子女,"待遇"为什么会不同?谁又从 中获益最多? 文丨金融八卦女作者:乌彦祖假正经 · · · 默多克家族的"继承之战"结束了。 9月8日,新闻集团宣布默多克跟子女之间的官司终止。94岁的传媒大亨重新建立了一份家族信托协议, 大儿子拉克伦和邓文迪的两个女儿成为新信托的受益人。而大女儿普鲁登斯、二女儿伊丽莎白和次子詹 姆斯则被新信托"踢出局",默多克给他们三人每人11亿美元。 同样是默多克子女,"待遇"为什么会不同?谁又从中获益最多? 先说一下默多克制定"新遗产"的背景: 默多克一辈子结婚5次,有6个孩子。分别是第一任妻子生的长女普鲁登斯,第二任妻子生的 女儿伊丽莎白和两个儿子拉克伦、詹姆斯,还有邓文迪生的两个女儿。 1999年,默多克为了迎娶邓文迪(第三任),与第二任妻子安娜·曼恩签署了一份协议:设立一个不可 撤销的信托,四个孩子拥有平等的信托控制权,默多克去世后的遗产也会被平分。 中间还发生了很多事情,这个咱们后面说。现在默多克都94岁了,其实早已安排好身后 ...
Lachlan Murdoch's Control Of Fox And News Corp. Sets The Stage For M&A
Forbes· 2025-09-10 06:45
Lachlan Murdoch, Fox Corp. CEO and chairman of News Corp. (Photo by Drew Angerer/Getty Images)Getty ImagesFor years, the Murdoch family drama has played out like a real-life version of HBO’s Succession — its heirs and rival power brokers contributing to a quasi-Shakespearean media saga that’s captivated investors, press critics, and political observers alike. But with patriarch Rupert Murdoch’s eldest son Lachlan now having secured long-term control of Fox and News Corp. via a new family trust that extends ...
S&P 500 Gains and Losses Today: UnitedHealth Stock Soars; Fox Corp. Falters as Murdochs Reach Agreement
Investopedia· 2025-09-10 05:45
Close UnitedHealth Group was the best-performing stock in the S&P 500 on Tuesday. Michael Nagle / Bloomberg via Getty Images Key Takeaways Major U.S. equities indexes advanced to record closing highs after the Bureau of Labor Statistics announced a significant downward revision in job growth between March 2024 and March 2025. While the data raised concerns about the trajectory of the overall economy, the latest report could add to the case for cutting interest rates at the Federal Open Market Committee's po ...
Fox, PACS Group, News Corp And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session - AIRO Group Holdings (NASDAQ:AIRO), Fox (NASDAQ:FOX)
Benzinga· 2025-09-10 00:43
美股期货表现 - 道指期货上涨约0.1% [1] 福克斯公司股价变动 - 福克斯B类普通股二次发行导致股价下跌6.7%至53美元 [1][3] PACS集团高管变动 - 首席财务官Derick Apt辞职引发股价下跌16.2%至9.5美元 [3] Planet Labs融资活动 - 拟发行3亿美元2030年到期可转换优先票据 股价下跌11.2%至8.59美元 [3] SUI集团控股持续下跌 - 继周一下跌5%后 再跌10.4%至5.32美元 [3] AIRO集团控股股份增发 - 申请发行350万股普通股 股价下跌8.4%至18.77美元 [3] Sable Offshore股价调整 - 下跌6.2%至20.71美元 [3] Gilat卫星网络私募融资 - 以6.3%折价发行705.882万股 融资6600万美元 股价下跌5.2%至10.02美元 [3] 新闻集团股份发行 - 以每股32.45美元发行1407.1293万股B类普通股 股价下跌5.2%至32.2美元 [3]
Fox, PACS Group, News Corp And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Benzinga· 2025-09-09 20:43
U.S. stock futures were higher this morning, with the Dow futures gaining around 0.1% on Tuesday.Shares of Fox Corporation FOX fell sharply in pre-market trading as the company announced the pricing of secondary offering of Class B common stock.Fox shares dipped 6.7% to $53.00 in the pre-market trading session.Here are some other stocks moving lower in pre-market trading.PACS Group, Inc. PACS shares dipped 16.2% to $9.50 in pre-market trading after the company disclosed that Derick Apt resigned as CFO.Plane ...
FOX CORPORATION ANNOUNCES PRICING OF SECONDARY OFFERING OF CLASS B COMMON STOCK
Prnewswire· 2025-09-09 08:45
Accessibility StatementSkip Navigation NEW YORK and LOS ANGELES, Sept. 8, 2025 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (Nasdaq: FOXA, FOX) today announced the pricing of the previously announced underwritten public offering (the "Offering") by trusts established for the benefit of Prudence MacLeod, Elisabeth Murdoch and James Murdoch and his or her respective descendants and charitable organizations (the "Selling Stockholders") of 16,835,016 shares of FOX's Class B common stock, par value $ ...
Lachlan Murdoch takes control of media empire after family ends legal battle over Fox, News Corp
New York Post· 2025-09-09 06:53
The Murdoch family on Monday resolved the legal battle over control of its media empire, which includes Fox Corp. and News Corp, the company said.Lachlan Murdoch — the executive chairman and CEO of Fox Corp. and chairman of News Corp — will maintain control of the media giant forged by his 94-year-old father, Rupert Murdoch.Under the terms of the deal, a new trust called LGC Holdco LLC, will be established for the benefit of Lachlan Murdoch, and his younger sisters Grace and Chloe Murdoch. 4 The Murdoch f ...
Lachlan Murdoch cements control of Fox, WSJ media empire in new family deal
Reuters· 2025-09-09 04:19
默多克家族控制权变更 - 鲁珀特·默多克之子拉克兰·默多克达成协议,将巩固其对家族媒体帝国的控制权 [1] - 该媒体帝国资产包括福克斯新闻和《华尔街日报》 [1]
FOX CORPORATION ANNOUNCES SECONDARY OFFERING OF CLASS B COMMON STOCK
Prnewswire· 2025-09-09 04:10
The Selling Stockholders will receive all of the proceeds from the Offering. The Company is not selling any shares of Class B common stock in the Offering and will not receive any proceeds from the Offering. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed. Morgan Stanley is acting as the sole underwriter for the Offering. Accessibility StatementSkip Navigation NEW YORK and LOS ANGELES, Sept. 8, 2025 /PRNewswire/ -- Fox ...