MoffettNathanson downgraded FOX Corp. (NASDAQ:FOXA) stock from Buy to Neutral, while slightly increasing the price target to $52.00 from $51.00. The firm acknowledged FOX's unique position and fundamental strength in the market,
In 2023, Fox settled a similar lawsuit filed by another election systems company, Dominion Voting Systems, for $787.5 million. Before the settlement, Fox had sought to exclude Rupert Murdoch from testifying in person at a trial, but the Delaware judge rejected that request.
"For several media companies, that is exactly the problem," says MoffettNathanson Senior Analyst Rob Fishman. "Last year was one many eagerly sought to turn a page on, but this new chapter ahead may well throw more of the same at weakened players.
New York-based Fox Corporation (FOX) operates as a news, sports, and entertainment company. Valued at $20.9 billion by market cap, the company produces and licenses news, sports, and entertainment content for distribution through cable television systems ...
The complaint, which arose out of Fox News’s promotion of vote-rigging conspiracy theories after the 2020 U.S. presidential election, is on track to proceed to trial.
Washington (CNN) — A New York appeals court ruled Thursday that Fox Corporation must face Smartmatic’s mammoth defamation lawsuit over the airing of 2020 election lies on Fox News, dealing a blow to the Rupert Murdoch-controlled media giant.
From yesterday's N.Y. intermediate appellate court decision in Smartmatic USA Corp. v. Fox Corp., by Judges Peter Moulton, Barbara Kapnick, Saliann
Fox Corporation is encouraging viewers to support the American Red Cross in its efforts to help victims of the California Wildfires that have ravaged communities and destroyed homes.
As wildfires continue to sweep across Southern California, the FOX Corporation is encouraging viewers to help the Red Cross provide relief.
Fox 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 News finished 2024 as the top news brand with multiplatform views and minutes while seeing yearly growth across all metrics, according to Comscore
How will Trump and the new Congress react when LA County Board of Supervisors asks them for federal dollars for fire victims?