How Trump's FCC chief pick could make life more difficult for media companies [Los Angeles Times (CA)]
Fox Corporation - Class A (FOXA)
Last fox corporation - class a earnings: 2/5 04:05 pm
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Source: Los Angeles Times
For media executives, the hope comes in the promise of industry consolidation. Companies such as Fox Television Stations, Nexstar Media Group, Tegna and Gray Media are eager to buy more TV stations to better compete against deep-pocketed tech firms that are aggressively pursuing viewers and ad dollars. Carr is expected to support revisiting the rule on ownership of TV stations. The trepidation comes from Carr's open criticism of broadcasters and tech firms on behalf of Trump, who is famously hostile to journalists and outlets that criticize him. Carr, a Republican nominated to the FCC during Trump's first term in 2017 and again by President Biden in 2023, wrote the chapter on the FCC in the conservative policy blueprint Project 2025. During the election, he jumped on social media when Vice President Kamala Harris appeared on the Nov. 2 episode of NBC's “Saturday Night Live” to point out that the network also owed an invitation to Trump under the FCC's equal time provision. NB
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News
- Media and Democracy Project Urges FCC to Establish a 'Bright-Line Test' with Hearing on FOX Affiliate's Broadcast License [Yahoo! Finance]Yahoo! Finance
- Fox Co. (NASDAQ: FOXA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Fox Co. (NASDAQ: FOXA) was upgraded by analysts at Evercore ISI to a "hold" rating.MarketBeat
- Fox Co. (NASDAQ: FOXA) had its price target raised by analysts at Guggenheim from $45.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
- Fox Co. (NASDAQ: FOXA) had its price target raised by analysts at UBS Group AG from $44.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
FOXA
Earnings
- 11/4/24 - Beat
FOXA
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- FOXA's page on the SEC website