Executive Chairman-CEO Lachlan Murdoch hailed an “absolutely historic” upfront for the Fox Network and its cable and digital siblings, and then focused on the ad rebound already underway. “All of our categories are up very strongly, with the exception of two, which are auto and telecom,” he noted, referring to the company’s local station business.
Fox Secures Low-20% CPM Hikes in Upfront for the Ages adweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adweek.com Daily Mail and Mail on Sunday newspapers.
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Fox Corporation Third Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. I would like to emphasize the functionality for the question-and-answer queue will be given at that time. [Operator Instructions] As a reminder, this conference is being recorded.
I d now like to turn the conference over to Chief Investor Relations Officer, Mr. Joe Dorrego. Please go ahead, sir.
Joe Dorrego
Chief Investor Relations Officer
Thank you, operator. Good morning, and welcome to our fiscal 2021 third quarter earnings call. Joining me on the call today are Lachlan Murdoch, Executive Chairman and Chief Executive Officer; John Nallen, Chief Operating Officer; and Steve Tomsic, our Chief Financial Officer.
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Old media veterans defy critics to rally in streaming era
16 Mar, 2021 10:36 PM
4 minutes to read Raya and the Last Dragon was streamed on Disney Plus as well as being released in cinemas. Photo / Disney+
Financial Times
By: Anna Nicolaou and Alex Barker
ViacomCBS and Discovery, decades-old television companies dismissed by some investors as too slow and small in the online streaming era, have staged a spectacular rally over the past year. Shares in ViacomCBS have soared more than 600 per cent from a year ago giving the group a market capitalisation of US$60 billion ($83.3b), while Discovery s stock has risen more than 250 per cent giving it a market cap of US$32b.