Fox Corp.’s board of directors has been sued in a lawsuit accusing the company’s directors of adopting an illegal business model centered on chasing profits by intentionally broadcasting falsehoods about the 2020 presidential election. On Tuesday in the Delaware Court of Chancery, New York City’s pension funds filed a lawsuit arguing that Fox’s board members …
Fox Corp. has unveiled a $1 billion revolving credit agreement completed with a consortium of banks. In a securities filing on Thursday, Fox said the new debt — a five-year unsecured revolver from a consortium of banks led by Citibank that could potentially go to $1.75 billion — will be used for “general corporate purposes.” […]