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.

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.

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 ...

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 Corp. will have to face defamation claims for statements aired on Fox News, a New York appellate court ruled Thursday.

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 will stream the Super Bowl on Tubi for the first time, giving streamers and cord cutters a chance to watch the big game on Feb. 9 for free. Tubi was acquired by Fox Corporation in 2020. It is the second time in three years Fox will have the Super Bowl.