Fox Corp. CEO Lachlan Murdoch declined to directly address deliberations about a potential reunion with corporate sibling News Corp.
during Fox’s quarterly earnings call, but he readily acknowledged the importance of scale in the media business. “What we’ve seen out of our media peers over the past few years are peers getting bigger through mergers and acquisitions,” the exec said. “Scale lends flexibility in many ways.
We continue to grow our business. We continue to look at M&A and be very disciplined. But we do look at the importance of scale, particularly over the next couple of years when opportunities will emerge.” He did not elaborate on the nature of those opportunities, but said Fox would continue to explore possible deals.
Murdoch spoke a few minutes after Fox posted solid results in the fiscal first quarter, with political ad revenue propelling the company’s overall performance.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.