Fox Corp. Class A

Disney is slowing down when it comes to making movies and TV series for its Marvel Studios and Lucasfilm franchises, CEO Bob Iger said Thursday on CNBC.The move comes as the company is looking to cut costs during a time when its recent films, from Marvel to animation, have underwhelmed at the box office."You pull back not just to focus, but also as part of our cost containment initiative. Spending less on what we make, and making less," Iger said Thursday.Earlier this year, Disney rolled out a broad reorganization of the…

The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City.Spencer Platt | Getty ImagesFox News has settled another lawsuit, this time with a one-time producer for former primetime host Tucker Carlson. The Fox Corp. network agreed to pay $12 million to settle the lawsuit brought by Abby Grossberg, who alleged she was coerced into giving false testimony for the Dominion Voting Systems defamation case."While I stand by my publicly filed claims and allegations,…

Jesse Watters host of "The Five" interviews Jenna Bush Hager and Barbara Bush during "The Five" at Fox News Studios on November 13, 2017 in New York City.John Lamparski | Getty ImagesFox News has named Jesse Watters as the newest star of its 8 p.m. ET primetime slot, as the network looks to boost ratings two months after ousting Tucker Carlson from the post.Watters, who rose through the ranks from production assistant to one of the most popular faces on the network, has established himself as one of Fox News' leading…

Bob Iger, CEO of The Walt Disney Company, left; David Zaslav, CEO and president of Warner Bros. Discovery, center; and Bob Bakish, president and CEO of Paramount Global.Getty ImagesCompanies and industries have ups and downs. The legacy media industry is in a valley.The first half of 2023 has been a colossal disappointment for media executives who wanted this year to be a rebound from a terrible 2022, when a slowdown in streaming subscribers cut valuations for Netflix, Disney, Warner Bros. Discovery and Paramount Global…

The Disney+ logo is displayed on a TV screen in Paris, December 26, 2019.Chesnot | Getty ImagesStreaming was supposed to be forever.That was the promise of a digital library of movies and TV shows.Consumers got used to Netflix cycling through titles, aware that as Hollywood studios launched their own streaming services, proprietary content would transition to a new platform.Even when Warner Bros. Discovery pulled content as part of planned tax write-offs tied to its merger, consumers seemed to accept the move as the cost…

This film image released by Universal Pictures shows Mark Wahlberg, left with the character Ted, voiced by Seth MacFarlane in a scene from "Ted." (AP Photo/Universal Pictures)Photo Credit: Universal Pictures/Tippett StudioAfter spending years amassing streaming subscribers at great cost, media companies now need to make some profits. And they're increasingly leaning on advertising as the answer.Look no further for proof of that than the most recent annual Upfronts, the events where media companies like Fox Corp., Warner…

Los Angeles, CA - May 02: WGA members take a selfie before heading to the picket line on the first day of their strike in front of Paramount Studios in Hollywood on May 2, 2023. The union were unable to reach a last minute-accord with the major studios on a new three-year contract to replace one that expired Monday night. (Genaro Molina / Los Angeles Times via Getty Images)Genaro Molina | Los Angeles Times | Getty ImagesMedia companies making their pitches to advertisers this week will have to do their best to overcome a…

The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City.Spencer Platt | Getty ImagesFox Corp. reported a quarterly net loss on Tuesday due to the costs related to its settlement with Dominion Voting Systems, despite revenue that was lifted by the Super Bowl and its fast ad-supported streaming service Tubi.Fox notched $4.08 billion in quarterly revenue, up 18% from the same period last year. Its advertising revenue soared on the back of the Super Bowl — the…

Tucker Carlson speaks during the Politicon conference in Los Angeles, October 21, 2018Rich Polk | Getty ImagesTucker Carlson broke his silence on Wednesday night, two days after his unceremonious exit from Fox News.The right wing former primetime TV host, however, did not address his firing or what is next for him. Instead, in a video posted on Twitter, Carlson discusses his view on U.S. politics and the conversation taking place on cable news."When you take a little time off, you realize how unbelievably stupid the…

Tucker Carlson speaks during 2022 FOX Nation Patriot Awards at Hard Rock Live at Seminole Hard Rock Hotel & Casino Hollywood on November 17, 2022 in Hollywood, Florida.Jason Koerner | Getty Images Entertainment | Getty ImagesRight wing primetime host Tucker Carlson is leaving Fox News immediately, the cable network announced Monday.The announcement came days after Fox News' parent company settled Dominion Voting Systems' defamation lawsuit for $787.5 million."FOX News Media and Tucker Carlson have agreed to part…