Fox Corporation (FOXA)

Streaming dominates the headlines, but little else grabs viewers' attention like live sports and events. These events' massive audiences give advertisers one of the most powerful platforms in media.

US President Donald Trump will sign the deal to divest TikTok's US operations from its Chinese owner ByteDance on Thursday, Reuters reported, citing a White House source with knowledge of the matter.  Last week, the US and China announced a framework agreement that would allow TikTok to continue operating in the US under American-controlled ownership.

Fox Corp (NASDAQ:FOXA) gained on Monday after President Trump said in a weekend interview that chairman Rupert Murdoch and CEO Lachlan Murdoch are likely to be part of the group of investors buying the US arm of TikTok. Fox A and B shares gained 2.2% and 1.9% respectively in early trading.

Trump said Rupert Murdoch, the former longtime head of Fox and News Corp, could also be involved in the deal.

Fox is in talks to join an investor group poised to acquire TikTok's U.S. operations, sources familiar with the situation told Deadline. President Donald Trump signaled earlier in the day potential involvement by the company's CEO Lachlan Murdoch and chairman emeritus Rupert Murdoch.

President Donald Trump has suggested his administration should revoke the licenses of broadcast TV stations that are "against" him. The threats are putting an in-the-weeds part of the media business front and center for consumers, and flexing the government's power over a major part of the industry.

Fox Corporation (NASDAQ:FOXA ) Goldman Sachs Communacopia + Technology Conference September 10, 2025 1:10 PM EDT Company Participants Lachlan Murdoch - Executive Chairman & CEO Conference Call Participants Michael Ng - Goldman Sachs Group, Inc., Research Division Presentation Michael Ng Research Analyst Great. Apologies for the delay here.

For years, the Murdoch family drama has played out like a real-life version of HBO's Succession — its heirs and rival power brokers contributing to a quasi-Shakespearean media saga that's captivated investors, press critics, and political observers alike. But with patriarch Rupert Murdoch's eldest son Lachlan now having secured long-term control of Fox and News Corp via a new family trust that extends his leadership to 2050, at least one major chapter in that drama — the battle over succession — is effectively over.

Major U.S. equities indexes advanced to record closing highs after the Bureau of Labor Statistics announced a significant downward revision in job growth between March 2024 and March 2025.

Shares of News Corp (NWSA) and Fox (FOXA) declined in premarket trading after Rupert Murdoch's media empire settled a yearslong family fight over which of the mogul's children will control the Murdoch family trust.

Oracle (ORCL) reports earnings after the close but Sam Vadas directs investor attention overseas to ASML Holding (ASML) after the company added a 11% stake in French-based Mistral AI. She talks about how it breaks Mistral's primary reliance on Silicon Valley and what it means for the global A.I.

Rupert Murdoch's son Lachlan is set to take firm control of the family's media holdings after a settlement brought an end to a long-running succession dispute. The agreement covers Fox Corp and News Corp, owners of Fox News and The Wall Street Journal, and resolves legal proceedings that had played out in a Nevada court last year.

NEW YORK and LOS ANGELES , Sept. 8, 2025 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (Nasdaq: FOXA, FOX) today announced the pricing of the previously announced underwritten public offering (the "Offering") by trusts established for the benefit of Prudence MacLeod, Elisabeth Murdoch and James Murdoch and his or her respective descendants and charitable organizations (the "Selling Stockholders") of 16,835,016 shares of FOX's Class B common stock, par value $0.01 per share (the "Class B common stock"), at a price to the public of $54.25 per share.

Lachlan Murdoch -- the executive chairman and CEO of Fox Corp. and chairman of News Corp -- will maintain control of the media giant forged by his 94-year-old father, Rupert Murdoch.

The Murdoch family reached a deal that will see Rupert Murdoch's politically conservative son Lachlan Murdoch cement control of the family media empire which includes Fox News and the Wall Street Journal.

NEW YORK and LOS ANGELES , Sept. 8, 2025 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (Nasdaq: FOXA, FOX) today announced that trusts established for the benefit of Prudence MacLeod, Elisabeth Murdoch and James Murdoch and his or her respective descendants and charitable organizations (the "Selling Stockholders") intend to offer an aggregate of 16,926,837 shares of FOX's Class B common stock, par value $0.01 per share (the "Class B common stock"), in an underwritten public offering (the "Offering").