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Fox Corp (FOXA.OQ)

FOXA.OQ on NASDAQ Stock Exchange Global Select Market

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24 May 2019
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Latest Key Developments (Source: Significant Developments)

21St Century Fox Sets Half Year Dividend Of $0.23Per Share
Thursday, 9 May 2019 

May 9 (Reuters) - Fox Corp ::SETS HALF YEAR DIVIDEND OF $0.23PER SHARE.FOX CORPORATION ANNOUNCES SEMI-ANNUAL DIVIDEND.  Full Article

Fox Corp Reports Qtrly Earnings Per Share $0.85
Thursday, 9 May 2019 

May 8 (Reuters) - Fox Corp ::FOX CORPORATION REPORTS ITS FIRST QUARTERLY RESULTS AS A STANDALONE COMPANY.QTRLY EARNINGS PER SHARE $0.85.QTRLY ADJUSTED EARNINGS PER SHARE OF $0.76.QTRLY EARNINGS PER SHARE OF $0.85.QTRLY TOTAL REVENUES OF $2.75 BILLION, A 12% INCREASE.QTRLY TOTAL REVENUES OF $2.75 BILLION; AFFILIATE REVENUES INCREASED 11%; ADVERTISING REVENUES INCREASED 9%.Q3 EARNINGS PER SHARE VIEW $0.67, REVENUE VIEW $2.61 BILLION -- REFINITIV IBES DATA.QTRLY CABLE NETWORK PROGRAMMING REVENUE $1,383 MILLION VERSUS $1,325 MILLION.TELEVISION REPORTED QUARTERLY SEGMENT REVENUES OF $1.37 BILLION, AN INCREASE OF $232 MILLION OR 20% FROM AMOUNT IN PRIOR YEAR.  Full Article

Walt Disney Co Q2 EPS $3.53 From Continuing Operations
Thursday, 9 May 2019 

May 8 (Reuters) - Walt Disney Co ::Q2 EARNINGS PER SHARE $1.61 EXCLUDING ITEMS .THE WALT DISNEY COMPANY REPORTS SECOND QUARTER AND SIX MONTHS EARNINGS FOR FISCAL 2019.Q2 EARNINGS PER SHARE $3.53 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE ESTIMATE $1.58 -- REFINITIV IBES DATA.AVENGERS: ENDGAME WILL STREAM EXCLUSIVELY ON DISNEY+ STARTING DECEMBER 11TH.QTRLY REVENUES $14,922 MILLION VERSUS $14,548 MILLION.PARKS, EXPERIENCES AND PRODUCTS REVENUES FOR QUARTER INCREASED 5% TO $6.2 BILLION.RESULTS FOR CURRENT QUARTER AND SIX MONTHS REFLECT CONSOLIDATION OF 11 DAYS OF 21CF AND HULU LLC (HULU) ACTIVITIES.MEDIA NETWORKS REVENUES FOR QUARTER WERE COMPARABLE TO PRIOR-YEAR QUARTER AT $5.5 BILLION & SEGMENT OPERATING INCOME DECREASED 3% TO $2.2 BILLION.REVENUE FOR 21CF FOR 11 DAYS IN QUARTER TOTALED $373 MILLION AND OPERATING INCOME WAS $25 MILLION.QTRLY PARKS, EXPERIENCES AND PRODUCTS RESULTS INCLUDED AN ADVERSE IMPACT FROM A SHIFT IN TIMING OF EASTER HOLIDAY.CABLE NETWORKS REVENUES FOR QUARTER INCREASED 2% TO $3.7 BILLION AND OPERATING INCOME INCREASED 2% TO $1.8 BILLION.STUDIO ENTERTAINMENT REVENUES FOR THE QUARTER DECREASED 15% TO $2.1 BILLION.DIRECT-TO-CONSUMER & INTERNATIONAL REVENUES FOR QUARTER ROSE 15% TO $955 MILLION, SEGMENT OPERATING LOSS INCREASED TO $393 MILLION.QTRLY CABLE NETWORKS HIGHER OPERATING INCOME WAS DUE TO AN INCREASE AT ESPN.QTRLY LOWER OPERATING INCOME IN STUDIO ENTERTAINMENT WAS DUE TO A DECREASE IN THEATRICAL AND HOME ENTERTAINMENT DISTRIBUTION RESULTS.  Full Article

Walt Disney Co Reports Q2 Earnings Per Share $1.61 Excluding Items
Thursday, 9 May 2019 

May 8 (Reuters) - Walt Disney Co ::THE WALT DISNEY COMPANY REPORTS SECOND QUARTER AND SIX MONTHS EARNINGS FOR FISCAL 2019.Q2 EARNINGS PER SHARE $1.61 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $3.53 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $1.61.Q2 EARNINGS PER SHARE ESTIMATE $1.58 -- REFINITIV IBES DATA.AVENGERS: ENDGAME WILL STREAM EXCLUSIVELY ON DISNEY+ STARTING DECEMBER 11TH.QTRLY REVENUES $14,922 MILLION VERSUS $14,548 MILLION.PARKS, EXPERIENCES AND PRODUCTS REVENUES FOR QUARTER INCREASED 5% TO $6.2 BILLION.RESULTS FOR CURRENT QUARTER AND SIX MONTHS REFLECT CONSOLIDATION OF 11 DAYS OF 21CF AND HULU LLC (HULU) ACTIVITIES.MEDIA NETWORKS REVENUES FOR QUARTER WERE COMPARABLE TO PRIOR-YEAR QUARTER AT $5.5 BILLION & SEGMENT OPERATING INCOME DECREASED 3% TO $2.2 BILLION.REVENUE FOR 21CF FOR 11 DAYS IN QUARTER TOTALED $373 MILLION AND OPERATING INCOME WAS $25 MILLION.QTRLY PARKS, EXPERIENCES AND PRODUCTS RESULTS INCLUDED AN ADVERSE IMPACT FROM A SHIFT IN TIMING OF EASTER HOLIDAY.CABLE NETWORKS REVENUES FOR QUARTER INCREASED 2% TO $3.7 BILLION AND OPERATING INCOME INCREASED 2% TO $1.8 BILLION.STUDIO ENTERTAINMENT REVENUES FOR THE QUARTER DECREASED 15% TO $2.1 BILLION.DIRECT-TO-CONSUMER & INTERNATIONAL REVENUES FOR QUARTER ROSE 15% TO $955 MILLION, SEGMENT OPERATING LOSS INCREASED TO $393 MILLION.QTRLY CABLE NETWORKS HIGHER OPERATING INCOME WAS DUE TO AN INCREASE AT ESPN.  Full Article

Fox Corporation Names Jeff Taylor Executive Vice President And Chief Litigation Counsel
Friday, 22 Mar 2019 

March 22 (Reuters) - Fox Corp ::FOX CORPORATION NAMES JEFF TAYLOR EXECUTIVE VICE PRESIDENT AND CHIEF LITIGATION COUNSEL.FOX CORP - TAYLOR MOST RECENTLY SERVED AS DEPUTY GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER FOR GENERAL MOTORS CO.  Full Article

Fox Corp Announces Payment Of Dividend To Twenty-First Century Fox And Receipt Of Cash Payment From Disney
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Fox Corp ::FOX CORPORATION ANNOUNCES PAYMENT OF DIVIDEND TO TWENTY-FIRST CENTURY FOX, INC. AND RECEIPT OF CASH PAYMENT FROM DISNEY;.FOX CORP - RECEIVED A CASH PAYMENT IN AMOUNT OF $2.0 BILLION FROM DISNEY.FOX CORP - CASH PAYMENT FROM DISNEY, HAS NET EFFECT OF REDUCING $8.5 BILLION CASH DIVIDEND COMPANY PAID TO 21CF.FOX - PURSUANT TO 21CF-DISNEY DEAL, COMPANY PAID TO 21CF A DIVIDEND IN AMOUNT OF $8.5 BILLION..FOX CORP - TRANSACTION TAX INCLUDED PREPAYMENT OF SHARE OF ESTIMATED TAX LIABILITIES RESULTING FROM ANTICIPATED DIVESTITURES BY DISNEY OF SOME ASSETS.FOX CORP - TRANSACTION TAX PREPAYMENT WAS IN AMOUNT OF APPROXIMATELY $700 MILLION.FOX CORP - PREPAYMENT WAS IN AMOUNT OF APPROXIMATELY $700 MILLION IS SUBJECT TO ADJUSTMENT IN FUTURE.FOX CORP - AS RESULT OF SEPARATION & DISTRIBUTION, COMPANY OBTAINED A TAX BASIS IN ITS ASSETS EQUAL TO THEIR RESPECTIVE FAIR MARKET VALUES.FOX CORP - ESTIMATES ANNUAL TAX DEDUCTIONS OF ABOUT $1.5 BILLION, PRINCIPALLY OVER NEXT 15 YEARS RELATED TO AMORTIZATION OF ADDITIONAL TAX BASIS.FOX CORP - AMORTIZATION IS ESTIMATED TO REDUCE CO'S ANNUAL CASH TAX LIABILITY BY $360 MILLION PER YEAR AT CURRENT COMBINED FEDERAL & STATE TAX RATE OF 24%.  Full Article

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Apple spotlights services with TV, gaming and credit card offerings

CUPERTINO, Calif. Apple Inc attempted to reintroduce itself on Monday as an entertainment and financial services company that also makes iPhones as it launched a streaming television service, a credit card and an online gaming arcade. | Video