Fox Corp.

Fox Corp.

Fox Corp.

Overview
Date Founded

2018

Headquarters

1211 Avenue of the Americas, New York, NY, 10036, USA

Type of Company

Public

Employees (Worldwide)

7,700

Industries

Cable, Satellite, and Radio Telecommunications
Entertainment

Company Description

Fox Corp. delivers compelling news, sports and entertainment content. The company provides news under the brands FOX News, FOX Business, FS1, FS2, Big Ten Network, FOX Network and FOX Television Stations. It empowers a diverse range of creators to imagine and develops culturally significant content, while building an organization that thrives on creative ideas, operational expertise and strategic thinking. The company was founded on May 3, 2018 and is headquartered in New York, NY.

Executives & Employees

Executive Chairman & Chief Executive Officer

Chairman

Chief Financial Officer

Chief Operating Officer

Chief Technology Officer & President-Digital

Chief Legal & Policy Officer

Executive Vice President & Head-Government Relations

President of Advertising Sales

Executive Vice President-Human Resources

Chief Investor Relations Officer & Executive Vice President of Corporate Initiatives

Board of Directors

Executive Chairman & Chief Executive Officer at Fox Corp.

Former Chief Executive Officer at News Corp.

Co-Founder at The Blue Knight Foundation

Founder at Young Guns Program

President & Chief Executive Officer at Hernandez Media Ventures

Director at BHP Minerals International, Inc.

Chairman & Chief Executive Officer at Formula One Holdings Ltd.

Paths to Fox Corp.
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Fox Corp.
Owners & Shareholders
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Independent Franchise Partners is an active manager which aims to deliver attractive long-term returns while focusing on absolute risk inherent in equity investment. The firm's investment approach is based on the belief that a concentrated portfolio of exceptionally high quality companies, whose primary competitive advantage is supported by a dominant intangible asset, will tend to earn attractive long-term returns with less than average volatility, particularly when the investments are selected with an absolute value bias. Independent Franchise Partners does not invest more than 10 percent of any portfolio in any one company, nor does it invest more than 25 percent of a portfolio in any one industry. Additionally, they do not hold more than 10 percent of the outstanding shares of any publicly listed company. The firm does not invest in options, futures or other derivatives except, where permitted by client guidelines; it may invest in forward foreign exchange contracts used for currency hedging purposes. Independent Franchise Partners does not use leverage. Sector, industry and country weightings result from the firm's stock selection process and it does not impose any hard or soft benchmark-relative exposure limits.

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Dodge & Cox employs in-house fundamental bottom-up research, a rigorous valuation discipline, and maintains a long-term investment horizon. Their investment decisions are made by a team of seasoned investment professionals. The firm's approach stresses an evaluation of risk relative to opportunity and they seek investments that they believe are undervalued by the market.

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The Baupost Group employs a value-oriented, multi-strategy investment approach that seeks to invest their capital to achieve attractive risk-adjusted returns over an extended period of time. The firm seek to invest in assets which are undervalued relative to their market price. The Baupost Group invest, either directly or indirectly, in securities and other assets that have some or all of the following characteristics: (1) they are currently out-of-favor, but have good prospects (2) they sell at a significant discount to underlying economic value (3) they have catalysts in place for the realization of underlying value (4) they are highly complex (5) they are somewhat or highly illiquid and (6) they sell at prices below what would reasonably be expected due to market imperfections and inefficiencies, including but not limited to temporary supply demand imbalances, information gaps, and selling pressures. They invest across a range of financial instruments, asset classes and geographic regions. Investments may include securities and assets of all types, including, but not limited to, stock (common, preferred and convertible), warrants, options, swaps, trade claims, bank debt, bonds, other debt instruments including self-originated loans, currency, futures, derivatives, commodities, contract rights, royalty interests, non-US securities and other assets (including in emerging markets), structured investment vehicles, secured and unsecured instruments, ABS, CMBS, RMBS, real estate and related instruments, other complex financial instruments and rights and distressed assets. Securities may be listed or traded on domestic or non-US exchanges or other trading networks (including OTC markets), as well as securities that are unlisted and trade infrequently or not at all.

Recent Transactions
Details Hidden

Fox Corp. purchases Tubi, Inc.

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Fox Corp. purchases Nexstar Media Group, Inc. /3 Tv Stations from Nexstar Media Group, Inc.

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Fox Corp. purchases Credible Labs, Inc.

Transaction Advisors
Legal Advisor

Advised onFox Corp. purchases Credible Labs, Inc.

Legal Advisor

Advised onNexstar Media Group, Inc. purchases from Fox Corp.

Investment Advisor

Advised onFox Corp. purchases Tubi, Inc.

Legal Advisor

Advised onNexstar Media Group, Inc. purchases from Fox Corp.

Legal Advisor

Advised onNexstar Media Group, Inc. purchases from Fox Corp.

Legal Advisor

Advised onNexstar Media Group, Inc. purchases from Fox Corp.

Advisors & Consultants
Legal Advisor

Partner at Kirkland & Ellis LLP

Legal Advisor

Consulting Counsel at Andrew Marcus and Associates, Inc.

Clients

Liberty Media Corp. engages in the operation media, communications, and entertainment businesses. It operates through the SIRIUS XM Holdings and Formula 1 segments. The SIRIUS XM Holdings segment operates two audio entertainment businesses, Sirius XM and Pandora. Sirius M features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services. Pandora provides music, comedy, and podcast streaming discovery platform. The Formula 1 segment refers to a global motorsports business that holds exclusive commercial rights with respect to the World Championship, an annual, motor race-based competition. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland; Belgium; Switzerland; Central and Eastern Europe; and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.

News Corp. engages in the creation and distribution of media, news, education, and information services. It operates through the following segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The News and Information Services segment consists of Dow Jones, News Corp Australia, News UK, the New York Post, and News America Marketing. The Book Publishing segment consists of HarperCollins which publishes and supply consumer books through print, digital, and audio formats. The Digital Real Estate Services segment offers property and property-related advertising and services as well as financial services. The Subscription Video Services segment provides video sports, entertainment, and news services to pay-TV subscribers, and other commercial licensees via cable, satellite and Internet Protocol, and distribution. The Other segment refers to general corporate overhead expenses, corporate strategy group, and costs related to the U.K. Newspaper Matters. The company was founded in 1979 and is headquartered in New York, NY.

Key Stats and Financials As of 2019
Market Capitalization
$15.7B
Total Enterprise Value
$26.5B
Earnings Per Share
$2.57
Revenue
$11.4B
Net Profit
$1.6B
EBITDA
$2.64B
EBITDAMargin
23.21%
Total Debt
$6.75B
Total Equity
$10.1B
Enterprise Value Sales
2.32x
Enterprise Value EBITDAOperating
10.02x
TEVNet Income
16.6x
Debt TEV
0.26x
Three Year Compounded Annual Growth Rate Of Revenue
8.59%
Investors
Details Hidden

Founder & Chief Executive Officer at Sobini Films

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Investor at Signifyd, Inc.

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Founder at Cota Capital Management LLC

Suppliers
Nielsen Holdings Plc Market & Policy Research | New York, NY

Nielsen Holdings Plc engages in the provision of global marketing data collection and analytics services. It operates through the Buy and Watch segments. The Buy segments offers consumer packaged goods to manufacturers and retailers. The Watch segment delivers services to media and advertising clients. The company was founded by Arthur C. Nielsen, Sr. in 1923 and is headquartered in New York, NY.

International Speedway Corp. Other Business & Consulting Services | Daytona Beach, Florida

International Speedway Corp. owns, operates, and promotes motor sports entertainment facilities. The company was founded in 1953 and is headquartered in Daytona Beach, FL.

SL Green Realty Corp. Trusts & Funds | New York, New York

SL Green Realty Corp. operates as a real estate investment trust. The firm engages in the acquisition, development, ownership, management and operation of commercial and residential real estate properties. It operates through the Real Estate, and Debt and Preferred Equity Investments business segments. The Real Estate segment consists of security, maintenance, utility costs, real estate taxes, and at certain properties ground rent expense. The Debt and Preferred Equity Investments segment includes cash flow from operations, cash on hand, and other forms of secured or unsecured financing. The company was founded by Stephen L. Green in June 1997 and is headquartered in New York, NY.

Competitors
Facebook, Inc. Internet Software & Services - Menlo Park, CA

Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm's products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Comcast Corporation Entertainment - Philadelphia, PA

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Twitter, Inc. Internet Software & Services - San Francisco, CA

Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions, and news. The company's services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet. The company can also be used as a marketing tool for businesses. It's products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Twitter was founded by Jack Dorsey, Christopher Isaac Stone, Noah E. Glass, Jeremy LaTrasse, and Evan Williams on March 21, 2006 and is headquartered in San Francisco, CA.

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