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Fox Corp. "Best Positioned" Media Firm Amid TV Ad Crisis, S&P Global Forecasts

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Amid the novel coronavirus pandemic, Fox Corp. — the slimmed-down media firm that emerged from the $71.3 billion sale of 21st Century Fox assets to Disney — has been given a stable rating from S&P Global.

The company, comprised of Fox News, Fox Sports and Fox Entertainment, as well as local TV stations, "may be the best positioned of its pure media peers to weather the pandemic due to its conservative financial policy," the research firm said Wednesday in an advisory. "Fox's healthy cash flow generation and significant cash balances should allow it to counter the decline in its EBITDA.

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