FOX - Fox Corporation: Diversifying Company Interests Leads To Star Potential
- 2021 saw Fox Corporation post strong financials, setting a company high in revenue while at the same time increasing their profits.
- Investment in sports betting has reignited Fox’s future earnings potential, signaling that they are prepared to diversify their interests to streamline revenue.
- Recently, Fox has had some issues regarding its customer base, as a sharp decline in news media viewership negatively impacted the company.
- The changing media climate favoring streaming has hurt Fox’s platforms, but they have mitigated this by maintaining a healthy cash flow while minimizing payouts.
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Fox Corporation: Diversifying Company Interests Leads To Star Potential