By Jill Goldsmith Fox revenue looked a bit like a fairy tale last quarter – a 44% jump in ad sales even with the coronavirus nipping – but the page turns in the current quarter as company executives anticipate local station advertising will fall 50% year-on-year.
The fiscal fourth quarter ending in June will see dips in local auto, retail and travel along with a trough in political advertising, which, however, will pick up dramatically in the first quarter.
Fox has a June fiscal year. Including national advertising, the collective revenue hit this quarter will be an estimated $200 million-$240 million, down about 25%-30% from the prior year, said CEO Lachlan Murdoch on a conference call to discuss Fox’s latest financial results. “We
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.