Fox Stock News

An attempt by Rupert Murdoch to change who controls the future of his media empire has been blocked, according to reports in The New York Times.

A Nevada commissioner has rejected Rupert Murdoch's bid to change his family trust to consolidate control of his media empire in the hands of his son Lachlan, the New York Times reported on Monday, citing a sealed court document.

Media mogul's three adult children will retain control despite attempt to give his son Lachlan complete control.

NEW YORK and LOS ANGELES , Dec. 2, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) today announced that Chief Financial Officer Steve Tomsic will participate in the upcoming UBS Global Media and Communications Conference on December 9, at approximately 12:00pm (Eastern), 9:00am (Pacific). A live and archived webcast of the presentation will be available at investor.foxcorporation.com.

Rupert Murdoch's business acumen has built a global media empire that has in many ways defined both modern journalism and entertainment.

Other companies whose consensus 2025 revenue estimates have increased the most include BlackRock and Coterra Energy.

Under the terms of the new agreement, Fox's prime-time entertainment programming — including "The Masked Singer," "The Simpsons," and "Family Guy" — will continue to stream on Hulu a day after the telecast.

Fox Entertainment and Hulu announced on Thursday a multi-year content deal whereby the Walt Disney-controlled streaming platform will retain the streaming rights for Fox's extensive programming slate.