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News Media operates the FOX News Channel (FNC), FOX
Business Network (FBN), FOX News Digital, FOX News
Audio, FOX News Books, the direct-to-consumer streaming
services FOX Nation and FOX News International and
the free ad-supported streaming television service
FOX Weather. Currently the number one network in all
of cable, FNC has also been the most watched television
news channel for more than 20 consecutive years, while
FBN is the top business channel on cable. Owned by
Fox Corporation, FOX News Media reaches nearly 200
million people each month. (FOX
News CEO Says Theres No Change After
Tucker Carlson Exit - 9th May 2023
Corporation CEO Lachlan Murdoch said there will be
no change in the firms strategy after the surprise
exit of its top-rated host Tucker Carlson two weeks
asked during an earnings call on Tuesday about whether
the network would shift its programming after Carslons
departure, Murdoch responded: There is no change
to our programming strategy at Fox News.
said Fox News has obviously a successful strategy
and suggested Carlsons exit was merely a tweaking
of its strategy and wouldnt represent a significant
change. He did not provide more details.
always, we are adjusting our programming and lineup
and that is what we continue to do, Murdoch
said, according to multiple news reports.
the scion of billionaire media mogul Rupert Murdoch,
made no direct reference to Carlson, who until recently
was the channels top-rated primetime host. Fox
Newss primetime ratings have dropped since his
exit, which has not been officially explained by the
company amid speculative reports and anonymous rumors.
the 8 p.m. ET hour, in which Carlson had excelled,
the network has seen a sharp decline in viewership
for its replacement show, Fox News Tonight,
while hosts Sean Hannity and Laura Ingraham have also
seen declines, respectively, according to Nielsen
ratings. But Murdoch appeared unconcerned with the
development, saying that advertising is strong.
are pleased with the strength of the advertising demand,
throughout our schedule, but particularly prime time,
chief executive of Fox made his remarks in response
to a question from an investor call with analysts
in reference to the firms Tuesday earnings report
for the quarter. The report (pdf) said that Fox reported
a net loss of $50 million for the quarter, compared
with a net income of $290 million reported in the
prior years quarter.
at Fox Corporation, according to the earnings report,
rose 18 percent to $4.1 billion, which was higher
than what was forecast. Most of the gain was due to
a 43 percent surge in ad revenue, in part, bolstered
by Fox hosting the Super Bowl in February.
fiscal third quarter once again demonstrated the effectiveness
of FOXs strategy to leverage the power of compelling
live events to deliver for our viewers, advertisers,
and distributors at scale. During the quarter, the
largest audience in U.S. television history gathered
to watch FOX Sports broadcast of Super Bowl
LVII, underpinning our delivery of double-digit revenue
growth, and providing a promotional gateway to FOXs
entertainment and news brands, Murdoch said
in a statement.
also told investors that the network is better-equipped
than other mainstream news channels to deal with the
prolonged strike by the Writers Guild of America,
which walked out of negotiations with major Hollywood
studios last week. A number of late-night shows have
been shuttered in the meantime, while other programming
could also suffer.
Murdoch said the fact that Fox has more revenue coming
from news and sports, areas that arent impacted
by the unions strike. Our healthy balance
of scripted and unscripted content on the network
puts us in a tremendous position, he said, according
to news reports.
of Fox Corporation were down about 1 percent by midday
figures for the evening of May 5, Fox News Tonight
attracted only 90,000 people in the 2554 demographic
coveted by advertisers, while MSNBCs All
In with Chris Hayes attracted 145,000. In comparison,
Carlsons final show on April 21 obtained more
than 270,000 in the 2554 demographic and drew
about 2.6 million overall viewers.
March 2023, Carlson averaged well over 3 million viewers
per show, in part buoyed by his coverage of newly
released footage of the Jan. 6, 2021, Capitol breach.
host Brian Kilmeade was the first to take over Carlsons
timeslot, followed by Lawrence Jones. Now Kayleigh
McEnany, a former Trump White House press secretary,
is hosting the show this week.
Fox News spokesperson told Newsweek on Tuesday that
the cable news channel continues as the highest-rated
cable news network in primetime and total day. The
network also continues to be the most-watched cable
news channel at 8 p.m. ET with Fox News Tonight.
Carlsons part, he has not issued a public comment
about why left. Instead, he released a video about
two weeks ago denigrating the U.S. media landscape
for focusing on pointless topics of debate and later
made a public appearance at an Alabama fundraising
the former top-rated host may be considering taking
lawyer retained by Carlson released a statement to
Axios over the weekend that said, The idea that
anyone is going to silence Tucker and prevent him
from speaking to his audience is beyond preposterous.
It came in the midst of anonymous claims that Carlson
would be going to war against Fox News
after his departure.
News also sent a cease and desist order
to left-wing organization Media Matters for America
for publishing videos featuring Carlson behind the
scenes. Its not clear how Media Matters obtained
those clips, which it dubbed FOXLEAKS.
its letter, shared with The Epoch Times, Fox said
that those videos of Carlson are the companys
intellectual property and suggested it would take
legal action soon.
News shareholders revolt but Rupert Murdoch gives
them short shrift - 17th November 2017
text advertisement here from as little as $100USD
per 12 months
bottom line is Rupert Murdoch, with wife Jerry Hall,
survived the latest battle to end his control of 21st
Century Fox despite a massive revolt by investors
at the AGM. Photo: AP
Colin Kruger, CBD
you've got something unpleasant to do, sometimes it
is best to just get it over and done with.
is obviously the strategy Rupert Murdoch took on Wednesday
in Los Angeles, where he went back-to-back shareholder
wallopings at the 21st Century Fox and News Corp annual
given his wearying 86 years on this earth, is it any
wonder he chose to race through both meetings in as
little as 45 minutes if Stephen Mayne's tweets are
anything to go by.
Fox AGM only lasted 26 minutes because only 1 shareholder
question was asked by Aussie John Lindsay. Listen
Stephen Mayne (@MayneReport) November 15, 2017
The bottom line is Murdoch survived the latest battle
to end his control of 21st Century Fox despite a massive
revolt by investors at the AGM.
78 per cent of the voting stock controlled by Murdoch's
fellow investors was voted in favour of unwinding
the dual-class share structure that allows the billionaire
to control 40 per cent of the votes despite owning
just 12 per cent of the company.
final vote was 313.7 million shares voted in favour
of the resolution and 412.5 million against
including the 317 million voting shares held by the
vote was always going to be uncomfortably close for
the Murdochs, coming just weeks after it became clear
Murdoch no longer had Saudi billionaire Prince Alwaleed
Bin Talal in his corner.
recent arrest of the prince a long-time ally
of the Murdoch family led to scrutiny of his
voting stake in Fox, which made Murdoch's control
became clear that the prince had sold his stake, possibly
years ago, but the opaque corporate rules governing
Fox means the company has not had to report this significant
like Nathan Cummings Foundation have argued that a
more conventional share structure is needed to hold
the Murdoch-controlled group accountable to investors.
have long argued that scandals like these [phone hacking
and sexual harassment] are in large part a result
of a capital structure that fosters a lack of accountability,"
the foundation said prior to the meeting.
Rupert and sons Lachlan and James Murdoch know the
larger battle is still ahead of them convincing
the market that recently-revealed talks to sell a
large part of Fox and its Sky stake to Disney is not
a signal that it does not have the scale to compete
against a new generation of rivals like Google, Facebook
connectivity and access to nearly every piece of content
ever made represents remarkable opportunity,"
Rupert told investors. "And it's still very early
in this evolution."
said "content is king all over again" and
Fox was "uniquely positioned".
was also a significant protest vote at the meeting
against the re-election of independent directors including
high-profile Australian businessmen like Rod Eddington
and former Ford boss and BHP chairman Jac Nasser.
largest protest vote was reserved for the sole female
director of the company, which has been plagued by
sex scandals. More than 27 per cent of voting shares
rejected the re-election of Delphine Arnault to the
board. She did not show up to the meeting.
was not a good look for a company with its track record.
Corp's 3pm AGM made Fox's 26-minute meeting look like
a drawn-out affair. It was done and dusted in just
the aftermath of the vote is one that will concern
Rupert long into the new year.
biggest protest votes were reserved for his two heirs,
Lachlan and James. The latter would barely have been
re-elected to the News board if it were not for the
family's 79 million voting shares in his back pocket.
brawlers at Aussie miner Kingsgate Consolidated have
found themselves in another fight.
executive chairman Ross Smyth-Kirk and crew have been
focused on their legal action to redress the closure
of its lucrative Thai goldmine, one of its investors,
UK-listed Metal Tiger, has announced plans to clean
out most of Kingsgate's board three out of
four directors and install its own team of five.
the board of a company in which you hold on a 6.7
per cent stake sounds like a great return for Metal
Tiger boss Michael McNeilly, who is one of the proposed
board members, commented: "Metal Tiger believes
that KCN is in urgent need of board renewal. The incumbent
board has overseen a massive destruction of shareholder
value and failed to articulate a clear strategy going
of Metal Tiger's proposed "independent directors"
will be more familiar to Aussie investors Richard
(Dick) F E Warburton AO LVO, bon vivant, climate sceptic
and a veteran director whose career includes stepping
down as David Jones chairman after rows with investors
over years of failed expansion strategies.
Metal Tiger nor any of its nominees to the board have
articulated any alternative plans for the company,"
Smyth-Kirk told investors in a release to the ASX.
rather relieved Ian Ferrier was enjoying the tea and
bikkies after Goodman Group's AGM on Thursday.
shareholders had two chances to dislodge their unpopular
chairman and certainly made the most of their opportunities.
22 per cent of shares were voted against his re-election
to the board, and then more than 24 per cent voted
against the remuneration report which means
the not-so Goodman almost received a second strike
that could have triggered a spill of its entire board.
would not have bothered boardroom veterans John Harkness
and Anne Keating, who were retiring after the meeting
anyway, but Ferrier wants to go out on his own terms
in three years after overseeing an orderly transition
to his replacement as he explained at the meeting.
won the grudging support of the Australian Shareholders'
Association, despite its quibbles about the long tenures
of its directors, and what it considers to be a non-independent
I agree we are an unusual company, as we outperform
the ASX, unlike other companies," Ferrier quipped.
Sydney Morning Herald)