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Lionsgate, Warner Bros. Discovery and Paramount Global were among the hit Hollywood stocks of the first quarter of 2023, shaking off investor concerns about such industry challenges as record cord-cutting, getting streaming businesses to profitability and economic clouds darkening the advertising outlook, as well as recent stock market volatility due to the collapse of banks….
For the final quarter of 2022, Fox Corp. could celebrate a 4 percent advertising revenue gain. Amid economic clouds late in the year, executive chairman and CEO Lachlan Murdoch said in February that his team was “mindful of current macroeconomic conditions,” but touted that “the durability of our brands and Fox’s ability to deliver audiences…
Rupert Murdoch, Fox Corp. Sued For Sharing Biden’s Presidential Ads Before They Aired A complaint has been filed against Fox Corp. and chairman Rupert Murdoch over allegations that the network chief gave confidential information in 2020 to former president Donald Trump’s campaign. In a suit filed with the Federal Election Commission on Friday, progressive watchdog…
Fox-News Corp. Merger Dead as Rupert Murdoch Says Deal “Not Optimal” For Shareholders The proposed merger of Fox Corp. and News Corp. is dead, after Rupert Murdoch sent a letter to the boards of the companies withdrawing his proposal to reunite his media empire. “In withdrawing the proposal, Mr. Murdoch indicated that he and Lachlan…
Entertainment Stock Picks for 2023: What Wall Street Is Bullish About Despite Downbeat Sentiment Many entertainment industry CEOs and investors may want to quickly forget 2022, given how it decimated various media sector stocks. However, 2023 doesn’t look like it will bring much reprieve near-term. After all, recession fears and their impact on advertising revenue,…
Georgia’s Senate Runoff Brings an Advertising Bonanza to TV, But It Won’t be as Big as 2020 One of the most important dates on this year’s political calendar may just be Nov. 26. The Saturday after Thanksgiving will bring with it a 128-year-old rivalry, a football game between the University of Georgia Bulldogs, and the…