−Removed: Fox Corporation is a news, sports and entertainment company, which manages and reports its businesses in the following segments:
+Added: The Company is a news, sports and entertainment company, which manages and reports its businesses in four operating segments:
+Added: Cable Network Programming, Television, Credible and the FOX Studio Lot with the following two reportable segments:
• Cable Network Programming , which produces and licenses news and sports content distributed through traditional cable television systems, direct broadcast satellite operators and telecommunication companies (“traditional MVPDs”), virtual multi-channel video programming distributors (“virtual MVPDs”) and other digital platforms, primarily in the U.S.
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The segment also includes various production companies that produce content for the Company and third parties.
−Removed: • Other, Corporate and Eliminations , which principally consists of the FOX Studio Lot, Credible Labs Inc.
−Removed: (“Credible”), corporate overhead costs and intracompany eliminations.
−Removed: The FOX Studio Lot, located in Los Angeles, California, provides television and film production services along with office space, studio operation services and includes all operations of the facility.
Credible is a U.S.
consumer finance marketplace.
+Added: The FOX Studio Lot, located in Los Angeles, California, provides television and film production services along with office space, studio operation services and includes all operations of the facility.
Unless otherwise indicated, references in this Annual Report on Form 10-K (this “Annual Report”) for the fiscal year ended June 30, 2024 (“fiscal 2024”) to “FOX,” the “Company,” “we,” “us” or “our” mean Fox Corporation and its consolidated subsidiaries.
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The Company is party to a separation and distribution agreement and a tax matters agreement that govern certain aspects of the Company’s relationship with 21CF and Disney following the Transaction.
−Removed: The core transition services agreements entered into in connection with the Transaction terminated in accordance with their terms in fiscal 2022.
The Company’s fiscal year ends on June 30 of each year.
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All statements other than statements of historical or current fact are “forward-looking statements” for purposes of federal and state securities laws.
−Removed: Forward-looking statements may include, among others, the words “may,” “will,” “should,” “likely,” “anticipates,”
−Removed: “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook” or any other similar words.
−Removed: Although the Company’s management believes that the expectations reflected in any of the Company’s forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any forward-looking statements.
+Added: Forward-looking statements may include, among others, the words “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook” or any other similar words.
+Added: Although the Company’s management believes that the expectations reflected in any of the Company’s forward-looking
+Added: statements are reasonable, actual results could differ materially from those projected or assumed in any forward-looking statements.
The Company’s future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties.
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FOX News Media is among the most influential and recognized news brands in the world.
−Removed: FOX Sports has earned a reputation for bold sports programming and, with its far-reaching presence in virtually every U.S.
−Removed: household, is a leading destination for live sports events and sports commentary.
+Added: FOX Sports has earned a reputation for bold sports programming and, with its availability in virtually every U.S.
+Added: market, is a leading destination for live sports events and sports commentary.
FOX Entertainment is renowned for its engaging primetime entertainment, including scripted dramas, leading unscripted programming and its longstanding Sunday animation block.
−Removed: Tubi, our leading AVOD service, attracts a young, diverse and highly engaged audience to its over 60,000 programming titles.
+Added: Tubi, our leading AVOD service, attracts a young, diverse and highly engaged audience to its content library of over 260,000 movies and television episodes.
These brands and others in our portfolio, such as our 29 owned and operated local television stations, including 18 broadcasting under the FOX brand, hold cultural significance with consumers and commercial importance for distributors and advertisers.
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Leadership positions across strategically significant programming platforms.
−Removed: FOX enjoys a leadership position across our core news, sports and entertainment businesses.
+Added: FOX enjoys leadership positions across its core news, sports and entertainment businesses.
As linear television viewership declines across the industry, “appointment-based” programming that is the FOX hallmark remains resilient.
−Removed: For over 20 consecutive years, FOX News has been the top-rated national cable news channel in both Monday to Friday primetime and total day viewing, according to The Nielsen Company ("Nielsen").
−Removed: FOX News also finished calendar year 2022 as the #1 cable network in Monday to Friday primetime and total day viewing among total viewers for the seventh consecutive year.
−Removed: A leader in marquee live sports broadcasts, FOX Sports programs the National Football League ("NFL") (including the #1 show on television, America's Game of the Week ), college football (including the Big Ten Conference), Major League Baseball's ("MLB") Regular Season, All-Star Game and World Series , National Association of Stock Car Auto Racing (“NASCAR”) and other marquee cyclical events, including the Super Bowl and the Fédération Internationale de Football Association ("FIFA") Men's and Women's World Cup .
+Added: For over 20 consecutive years, FOX News has been the top-rated national cable news channel in Monday to Friday primetime viewing, according to The Nielsen Company (“Nielsen”).
+Added: FOX News also finished the fiscal year as the #1 cable network in Monday to Friday primetime and total day viewing among total viewers for the eighth consecutive year.
+Added: A leader in marquee live sports broadcasts, FOX Sports programs the National Football League (“NFL”) (including the #1 show on television among Adults 18-49, America's Game of the Week ), college football (including the Big Ten Conference), Major League Baseball's (“MLB”) Regular Season, All-Star Game and World Series , National Association of Stock Car Auto Racing (“NASCAR”) and other marquee cyclical events, including the Super Bowl and the Fédération Internationale de Football Association (“FIFA”) Men's and Women's World Cup .
FOX Sports has secured a significant portion of its marquee rights under long-term contracts.
FOX Entertainment has delivered the youngest and most diverse audience of the broadcast networks across all programming in primetime for over two decades.
−Removed: 2022-2023 broadcast season, FOX Entertainment featured the #1 entertainment telecast with Next Level Chef following Super Bowl LVII , the #1 broadcast drama 9-1-1 , the #1 new unscripted series Special Forces:
−Removed: World’s Toughest Test , the #1 new scripted drama in 2023 Accused , and three of the top 10 comedies on broadcast television with The Simpsons , Family Guy and Bob’s Burgers .
+Added: During the 2023-2024 broadcast season, FOX Entertainment featured the season’s #1 new entertainment series with the FOX-owned animated comedy Krapopolis , launched the #1 game show with The Floor , once again presented television’s top cooking
+Added: competition series with Gordon Ramsay’s Next Level Chef , Hell’s Kitchen , MasterChef Junior and Kitchen Nightmares , and had four of the top comedies on television with Krapopolis , The Simpsons , Bob’s Burgers and Family Guy .
FOX Television Stations covers 18 Nielsen-designated market areas (“DMAs”), including 14 of the 15 largest, and was the #1 or #2 rated news provider in the hours of 5 a.m.
in the majority of the markets in which it operates.
−Removed: Under FOX’s ownership, Tubi has become one of the most relevant and fastest growing AVOD services in the country in fiscal 2023, with over 50% growth in total view time (the total number of hours watched) compared to the prior fiscal year.
−Removed: Tubi is part of Tubi Media Group, a division formed in fiscal 2023 to house the Company’s digital platform services.
−Removed: Taken together, we believe our leadership positions will continue to support meaningful affiliate fee revenue growth and sustained advertising revenue, while enabling us to nimbly respond to the opportunities and challenges traditional media companies are facing relating to rapidly evolving technologies and changes in consumer behavior.
+Added: Under FOX’s ownership, Tubi has become one of the most relevant and fastest growing AVOD services in the country, with over 40% growth in total view time (the total number of hours watched) in fiscal 2024 compared to the prior fiscal year.
+Added: Tubi finished the fiscal year with approximately 2.0% of all television viewing according to Nielsen’s The Gauge , further cementing its leadership as the most watched free ad-supported TV (“FAST”) streaming service in the U.S.
+Added: We believe the strength and leadership of our brands will continue to support industry leading affiliate fee revenue growth and sustained advertising revenue, while enabling us to nimbly respond to the opportunities and challenges traditional media companies are facing as technologies and changes in consumer behavior continue to rapidly evolve.
Significant presence and relevance in major domestic markets.
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FOX News and FOX Business are available in over 65 million U.S.
−Removed: households and FOX Sports and FOX Entertainment programming on the FOX Network is available in essentially all U.S.
+Added: households and FOX Sports and FOX Entertainment programming on the FOX Network is available in virtually every U.S.
Additionally, our 29 owned and operated television stations cover 18 DMAs, including 14 of the 15 largest, and maintain duopolies in 11 DMAs, including New York, Los Angeles and Chicago, the three largest.
−Removed: These stations provide balanced content of national interest with programming of note to local communities, producing approximately 1,200 hours of local news coverage each week.
−Removed: Tubi’s ubiquitous availability both online and through its app provides broad distribution of films, episodic television programming and live local and national news content.
+Added: These stations provide balanced content of national interest with programming of note to local communities, producing over 1,200 hours of local news coverage each week.
+Added: Tubi’s ubiquitous availability provides broad distribution of films, episodic television programming, live local and national news content and sports programming.
Tubi carries over 100 local station feeds (including feeds of our owned and operated stations), covering 77 DMAs and 23 of the top 25 markets.
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Attractive financial profile, including multiple revenue streams, strong balance sheet and other assets.
−Removed: We have achieved strong revenue growth and profitability in a complex industry environment over the past several years.
−Removed: Additionally, our strong balance sheet provides us with the financial flexibility to continue to invest across our businesses, allocate resources toward investments in growth initiatives, take advantage of strategic opportunities, including potential acquisitions across the range of media categories in which we operate, and return capital to our stockholders.
+Added: We have consistently achieved strong operational and financial results in a complex industry environment.
+Added: Additionally, our solid balance sheet provides us with the financial flexibility to continue to invest across our businesses, allocate resources toward investments in growth initiatives, take advantage of strategic opportunities, including potential acquisitions across the range of media categories in which we operate and related adjacencies, and return capital to our stockholders.
We have maintained significant liquidity, ending fiscal 2024 with approximately $4.3 billion of cash and cash equivalents on our balance sheet while returning approximately $1.25 billion of capital to our stockholders through our stock repurchase program and cash dividends during fiscal 2024.
We also benefit from a tax asset that resulted from the step-up in the tax basis of our assets following the Transaction, which is expected to provide an annual cash tax benefit for many years.
−Removed: Additionally, our asset portfolio includes the FOX Studio Lot in Los Angeles, California.
−Removed: The historic lot spans over 50 acres and close to 2 million square feet of space for administration and television and film production services available to industry clients, including 15 sound stages, two broadcast studios and other production facilities.
−Removed: We also own an equity stake in Flutter Entertainment plc (“Flutter”), an online sports betting and gaming company with operations in the U.S.
+Added: Our asset portfolio also includes the FOX Studio Lot in Los Angeles, California, which spans over 50 acres and close to 2 million square feet of space for administration and television and film production services available to industry clients, including 15 sound stages, two broadcast studios, and other production facilities.
+Added: Additionally, we own an equity stake in Flutter Entertainment plc (“Flutter”), an online sports betting and gaming company with operations in the U.S.
and internationally, and we maintain a valuable option to acquire 18.6% of FanDuel Group, a majority-owned subsidiary of Flutter.
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Maintain leading positions in live news, live sports and quality entertainment.
−Removed: We have long been a leader in news, sports and entertainment programming.
−Removed: We believe that building on our leading market positions is essential to our success.
−Removed: We are investing in our most attractive growth opportunities by allocating capital to our news, sports and entertainment properties, which we believe have distinct competitive advantages.
−Removed: For example, we have continued our investments in digital properties at FOX News Media, including investments in the FOX Nation subscription video-on-demand ("SVOD") service and the FOX Weather free advertising-supported streaming television (“FAST”) service.
−Removed: In addition, we continue to invest at FOX Sports, where fiscal 2023 highlights include a landmark rights extension with the Big Ten
−Removed: Conference, the return of the United States Football League (the "USFL") for a second season and the league’s expansion into additional markets.
−Removed: Recognizing the industry-wide changes in viewership habits, FOX Entertainment is expanding its footprint across owned and unscripted content.
−Removed: FOX Entertainment is investing in more co-production arrangements and owns a stake in each new series that premiered on the FOX Network during the 2022-2023 broadcast season.
−Removed: In addition, our production companies such as MarVista Entertainment and the Studio Ramsay Global production venture with Gordon Ramsay produce content for FOX as well as third parties, which reduces our reliance on third-party content providers.
−Removed: We also continue to invest in content, technology and marketing at Tubi to attract new viewers and retain Tubi’s existing audience.
−Removed: In fiscal 2023, Tubi expanded its content library through the premiere of over 100 new original titles and the launch of over 100 sports, entertainment and local news channels, for a total of nearly 250 sports, entertainment and local news channels on the platform.
+Added: We have long been a leader in news, sports and entertainment programming, and we believe that building on our leading market positions is essential to our success.
+Added: The strength of our core businesses has allowed us to invest in attractive growth opportunities and brand extensions.
+Added: Examples of this include digital brand extensions at FOX News Media, including the FOX Nation SVOD service and the FOX Weather FAST service.
+Added: At Tubi, our investment in content, technology and marketing has yielded new viewers and increased engagement from our audience, which has translated into robust revenue growth.
+Added: In fiscal 2024, Tubi expanded
+Added: its content library through the premiere of over 140 new original titles and the launch of over 60 sports, entertainment and local news channels, for a total of over 280 sports, entertainment and local news channels as of the end of the fiscal year.
+Added: We consistently review opportunities to optimize our sports portfolio with the dual goal of maintaining and growing our audience while achieving accretive financial returns.
+Added: Fiscal 2024 highlights of this include a rights extension with NASCAR and the launch of the United Football League (the “UFL”) professional spring football league.
+Added: Recognizing the industry-wide changes in viewership habits, FOX Entertainment has continued to expand its footprint across owned and unscripted content, including leveraging the breadth of offerings from FOX Entertainment studios to populate its primetime lineup and reduce its reliance on third-party content providers.
+Added: FOX Entertainment studios also co-produces original content for third parties, such as Prime Video’s animated hit Hazbin Hotel , addressing the demand generated by the growth and proliferation of entertainment content streaming services.
+Added: FOX Television Stations’ rollout of local news content on connected televisions and FAST services in a number of markets has led to the stations’ total view time for the period of March 2024 through June 2024 that was approximately four times higher compared to the same period in the prior year.
We believe continuing to provide compelling news, sports and entertainment programming across platforms will increase audience engagement and drive growth across our distribution, affiliate and advertising relationships.
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With a focused portfolio of assets, we create and produce high quality programming that delivers value for our viewers, our affiliates and our advertisers.
−Removed: We intend to continue to generate appropriate value for our content.
−Removed: Additionally, we expect our internal production capabilities and co-production arrangements will facilitate growth by enabling us to directly manage the economics and programming decisions of our broadcast network, stations group and Tubi.
+Added: We expect our internal production capabilities and co-production arrangements will facilitate growth by enabling us to directly manage the economics and programming decisions of our broadcast network and television stations.
We also believe our unique ability to deliver “appointment-based” viewing and audiences at scale, along with innovative advertising platforms, delivers substantial value to our advertising customers, and the unique nature of our “appointment-based” content positions us to maintain and even grow audiences during a time of increasing consumer fragmentation.
Expand our digital distribution offerings and direct engagement with consumers, increasing complementary sources of revenues.
−Removed: The availability of our key networks on all major virtual MVPD services reflects the strength of our brands and the "must-have" nature of our content.
+Added: The availability of our key networks on all major virtual MVPD services reflects the strength of our brands and the highly coveted nature of our content.
We are also cultivating and growing direct interactions between FOX brands and consumers outside traditional linear television.
−Removed: For example, Tubi, which we acquired in fiscal 2020, provides us with a wholly-owned digital platform to access a wider digital audience and further the reach of our content.
−Removed: Tubi continues to experience significant growth in total view time across a library of over 60,000 titles, as well as key FOX entertainment, news and sports programming, and it streamed approximately 6.8 billion hours of content over the course of the fiscal year (a record for the platform) to a young, diverse and highly engaged audience advertisers are eager to reach.
−Removed: FOX News Media operates a number of digital businesses, including FOX News Digital, which attracts the highest multiplatform time spent in the news category, along with the FOX Nation SVOD service, which offers U.S.
−Removed: consumers a variety of on-demand content (including original programming), and FOX Weather, which offers local, regional and national weather reporting in addition to live programming.
−Removed: Additionally, FOX Television Stations operates a portfolio of digital businesses, including the FLX digital advertising platform and the LiveNOW from FOX, FOX Locals and FOX Soul FAST services, in addition to distributing its local news programming on Tubi and across a range of third-party platforms.
+Added: For example, Tubi provides us with a wholly-owned digital platform to access a wider digital audience and further the reach of our content.
+Added: Tubi continues to experience significant growth in total view time across a library of over 260,000 movies and television episodes, including key FOX entertainment, news and sports programming, and it streamed approximately 9.7 billion hours of content over the course of the fiscal year (a record for the platform).
+Added: Tubi’s young, diverse and highly engaged viewers, the majority of which are classified as “cord-cutters” or “cord-nevers,” is an audience that advertisers are eager to reach.
+Added: FOX News Media operates a number of digital businesses, including FOX News Digital, which remains the most engaged brand in digital news (leading in total views, minutes spent and social interactions), along with the FOX Nation SVOD service, which offers U.S.
+Added: consumers a variety of content (including original programming), and FOX Weather, which offers local, regional and national weather reporting in addition to live programming.
+Added: Additionally, FOX Television Stations operates a portfolio of digital businesses, including the FLX (or FOX Local Extension) digital advertising platform and the LiveNOW from FOX, FOX Locals and FOX Soul FAST services, in addition to distributing its local news programming on Tubi and across a range of third-party platforms.
+Added: Venu Sports, a digital sports programming distribution joint venture with ESPN (a subsidiary of Disney) and Warner Bros.
+Added: Discovery, is expected to launch in fall of 2024 and expand the reach of our sports programming beyond FOX’s existing footprint.
+Added: Reportable Segments
Cable Network Programming
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FOX News Media includes the FOX News and FOX Business networks and their related properties.
−Removed: For over 20 consecutive years, FOX News has been the top-rated national cable news channel in both Monday to Friday primetime and total day viewing.
−Removed: FOX News also finished calendar year 2022 as the #1 cable news network in Monday to Friday total day viewing among the key Adults 25-54 demographic, as well as the #1 cable network in Monday to Friday primetime and total day viewing among total viewers for the seventh consecutive year.
−Removed: FOX Business is a business news national cable channel and was the #1 business network in business day and market hours among total viewers for each quarter during fiscal 2023.
+Added: For over 20 consecutive years, FOX News has been the top-rated national cable news channel in Monday to Friday primetime viewing.
+Added: FOX News also finished the fiscal year as the #1 cable network in Monday to Friday primetime and total day viewing among total viewers for the eighth consecutive year.
+Added: FOX Business is a business news national cable channel and was the #1 business network in business day among total viewers during fiscal 2024.
FOX News also produces a weekend political commentary show, FOX News Sunday , for broadcast on the FOX Television Stations and stations affiliated with the FOX Network throughout the U.S.
−Removed: FOX News, through its FOX News Edge service, licenses news feeds to affiliates to the FOX Network and other subscribers to use as part of local news broadcasts primarily throughout the U.S.
FOX News also produces FOX News Audio, which licenses news updates, podcasts, and long-form programs to local radio stations and to mobile, Internet and satellite radio providers.
−Removed: FS1 is a multi-sport national network that features live events, including regular season and post-season MLB games, NASCAR, college football, college basketball, the FIFA Men’s and Women’s World Cup, Major League Soccer (“MLS”), the USFL, the Union of European Football Associations (“UEFA”) European Championship, UEFA Nations League, Concacaf and CONMEBOL soccer and horse racing.
−Removed: In addition to live events, FS1 also features original programming from FOX Sports Films, studio programming such as NASCAR Race Hub and opinion shows such as Undisputed and The Herd with Colin Cowherd .
−Removed: FS2 is a multi-sport national network that features live events, including NASCAR, collegiate sports, horse racing, rugby, world-class soccer and motor sports.
+Added: FS1 is a multi-sport national network that features live events, including regular season and post-season MLB games, NASCAR, college football, college basketball, the FIFA Men’s and Women’s World Cup , Major League Soccer (“MLS”), the UFL, the Union of European Football Associations (“UEFA”) European Championship , UEFA Nations League, Concacaf and CONMEBOL soccer and horse racing.
+Added: In addition to live events, FS1 offers daily studio shows featuring key talent, including Colin Cowherd, Nick Wright and Emmanuel Acho.
+Added: FS2 is a multi-sport national network that features live events, including NASCAR, collegiate sports, horse racing, rugby, soccer and motor sports.
FOX Sports Racing .
−Removed: FOX Sports Racing is a 24-hour video programming service consisting of motor sports programming, including NASCAR events and original programming, National Hot Rod Association (“NHRA”), motorcycle racing and horse racing.
+Added: FOX Sports Racing is a 24-hour video programming service consisting of motor sports programming, including National Hot Rod Association, motorcycle racing and horse racing.
FOX Sports Racing is distributed to subscribers in Canada and the Caribbean.
FOX Soccer Plus .
−Removed: FOX Soccer Plus is a premium video programming network that showcases exclusive live soccer and rugby competitions, including events from FIFA, UEFA, Concacaf, CONMEBOL, Super Rugby League, Australian Football League and the National Rugby League.
+Added: FOX Soccer Plus is a premium video programming network that showcases exclusive live soccer and rugby competitions, including events from FIFA, UEFA, Concacaf, CONMEBOL, Saudi Pro League, Super Rugby League, Australian Football League and the National Rugby League.
FOX Deportes .
FOX Deportes is a Spanish-language sports programming service distributed in the U.S.
−Removed: FOX Deportes features coverage of a variety of sports events, including premier soccer (such as matches from MLS, Liga MX and Liga de Guatemala), the NFL NFC Championship and the Super Bowl, MLB (including regular season games, the National League Championship Series in 2022 and the All-Star and World Series games), NASCAR Cup Series, college football and WWE Smackdown.
+Added: FOX Deportes features coverage of a variety of sports events, including premier soccer (such as matches from MLS and Liga MX), the NFL NFC Championship and the Super Bowl, MLB (including regular season games, the National League Championship Series in alternating years and the All-Star and World Series games), NASCAR Cup Series, college football and UFL.
In addition to live events, FOX Deportes also features multi-sport news and highlight shows and daily studio programming.
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The Big Ten Network televises live collegiate events, including football games, regular-season and post-season men’s and women’s basketball games, and men’s and women’s Olympic events (including wrestling, volleyball and ice hockey), as well as a variety of studio shows and original programming.
−Removed: The Big Ten Network also owns and operates B1G+ (formerly branded BTN+), a subscription video streaming service that features live streams of non-televised sporting events, replays of televised and streamed events, and a large collection of classic games and original programming.
+Added: The Big Ten Network also owns and
+Added: operates B1G+ (formerly branded BTN+), a subscription video streaming service that features live streams of non-televised sporting events, replays of televised and streamed events, and a large collection of classic games and original programming.
The Company owns approximately 61% of the Big Ten Network.
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The Company’s websites and apps provide live and/or on-demand streaming of network-related programming primarily on an authenticated basis to allow video subscribers of the Company’s participating distribution partners to view Company content via the Internet.
−Removed: These websites and apps include FOXNews.com, FOXBusiness.com, FOXWeather.com, FOXSports.com, FOXDeportes.com, theUSFL.com and OutKick.com and the FOX News, FOX Business, FOX Weather, FOX Sports and FOX Deportes mobile apps.
+Added: These websites and apps include FOXNews.com, FOXBusiness.com, FOXWeather.com, FOXSports.com, FOXDeportes.com and OutKick.com, and the FOX News, FOX Business, FOX Weather, FOX Sports and FOX Deportes mobile apps.
FOX News Media also operates direct-to-consumer services FOX Nation, an SVOD service that offers U.S.
−Removed: consumers a variety of on-demand content (including original programming), and FOX Weather, a FAST service that offers local, regional and national weather reporting in addition to live programming.
−Removed: The Big Ten Network distributes programming through the B1G+ subscription video streaming service.
−Removed: The Company also distributes non-authenticated live-streaming and video-on-demand content, podcasts, as well as static visual content such as photography, artwork and graphical design across FOX-branded social media and third party video and audio platforms.
+Added: consumers a variety of content (including original programming), and FOX Weather, a FAST service that offers local, regional and national weather reporting in addition to live programming.
+Added: The Big Ten Network distributes live-streaming and video-on-demand programming through the B1G+ subscription video streaming service.
+Added: The Company also distributes non-authenticated live-streaming and video-on-demand content, podcasts, as well as static visual content such as photography, artwork and graphical design across FOX and Big Ten Network branded social media and third-party video and audio platforms.
Outkick Media.
The Company owns Outkick Media, a digital media company focused on the intersection of sports, news and entertainment.
−Removed: FOX Sports founded and launched the USFL in April 2022.
−Removed: The USFL is a professional spring football league with eight teams playing a 40-game regular season schedule in addition to two playoff games and a championship game.
−Removed: Under multi-year rights agreements, FOX Sports and NBC Sports are the domestic distribution partners of the USFL games.
Cable Network Programming Competition
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Important competitive factors include the prices charged for programming, the quantity, quality and variety of programming offered, the accessibility of such programming, the ability to adapt to new technologies and distribution platforms, the quality of user experience and the effectiveness of marketing efforts.
+Added: Competition for sales of advertising time is based primarily on the anticipated and actually delivered size and demographic characteristics of audiences as determined by various measurement services, price, the time of day when the advertising is to be broadcast, competition from other cable networks, broadcast networks, cable television systems, direct broadcast satellite television, social and digital media, and general economic conditions.
+Added: Competition for audiences is based primarily on the selection of programming, the popularity and success of which depend on the reaction of the viewing public, which is often difficult to predict.
FOX News Media.
−Removed: FOX News' primary competition comes from the broadcast networks' national news divisions and cable networks CNN and MSNBC.
+Added: FOX News' primary competition comes from the broadcast networks' national news divisions and cable news networks such as CNN and MSNBC.
FOX Business' primary competition comes from the cable networks CNBC and Bloomberg Television.
2 unchanged sentences
A number of basic and pay television programming services, direct-to-consumer streaming services, and free-to-air stations and broadcast networks compete with FS1, FS2 and the Big Ten Network for sports programming rights, distribution, audiences and advertisers.
−Removed: On a national level, the primary competitors to FS1, FS2, and the Big Ten Network are ESPN, ESPN2, TNT, TBS, USA Network, CBS Sports Network, league-owned networks such as NFL Network, NHL Network, NBA TV and MLB Network, collegiate conference-specific networks such as the SEC Network, Pac-12 Network and ACC Network, and direct-to-consumer streaming services such as ESPN+, Peacock, Amazon Prime Video, Apple TV+, Paramount+, Max, FuboTV, and Roku.
+Added: On a national level, the primary competitors to FS1, FS2, and the Big Ten Network are ESPN, ESPN2, TNT, TBS, USA Network, CBS Sports Network;
+Added: league-owned networks such as NFL Network, NHL Network, NBA TV and MLB Network;
+Added: collegiate conference-specific networks such as the SEC Network and ACC Network;
+Added: and direct-to-consumer streaming services such as ESPN+, Peacock, Amazon Prime Video, Netflix, Apple TV+, Paramount+, Max, FuboTV and Roku.
In regional markets, the Big Ten Network competes with regional sports networks, local broadcast television stations and other sports programming providers and distributors.
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In addition, the FOX Network’s strategy to deliver fewer hours of national content than other major broadcasters benefits stations affiliated with the FOX Network, which can utilize the flexibility in scheduling to offer expanded local news and other programming that viewers covet.
−Removed: Our 29 stations collectively produce approximately 1,200 hours of local news coverage every week.
+Added: Our 29 stations collectively produce over 1,200 hours of local news coverage every week.
For a description of the programming offered to affiliates of the FOX Network, see “—The FOX Network.” In addition, FOX Television Stations owns and operates 10 stations broadcasting programming from MyNetworkTV.
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Dallas, TX* 5 KDFW 35(4) UHF 2.5%
−Removed: Atlanta, GA* 6 WAGA-TV 27(5) UHF 2.2%
Houston, TX* 6 KRIV 26(26) UHF 2.2%
+Added: Atlanta, GA* 7 WAGA-TV 27(5) UHF 2.2%
Washington, DC* 9 WTTG 36(5) UHF 2.1%
1 unchanged sentence
Phoenix, AZ* 11 KSAZ-TV 10(10) VHF 1.7%
−Removed: Seattle-Tacoma, WA* 12 KCPQ 13(13) VHF 1.7%
Tampa, FL* 12 WTVT 12(13) VHF 1.7%
+Added: DMA/Rank Station Digital
+Added: (Virtual) Type Percentage of U.S.
+Added: Television Households
+Added: in the DMA (a)
+Added: Seattle-Tacoma, WA* 13 KCPQ 13(13) VHF 1.7%
Detroit, MI* 14 WJBK 7(2) VHF 1.5%
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* Denotes a market where stations are also broadcasting in the ATSC 3.0 "NextGenTV" standard in partnership with broadcasters in the applicable DMA through channel sharing arrangements or, in the case of KCOP-TV, KTXH and WRBW, each of those stations has made the conversion to and is broadcasting in the ATSC 3.0 standard.
−Removed: By the Fall of 2023, each of KMSP-TV and WTXF-TV is expected to add an ATSC 3.0 stream.
VHF television stations transmit on Channels 2 through 13 and UHF television stations on Channels 14 through 36.
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The FOX Network is a premier national television broadcast network, renowned for disrupting legacy broadcasters with powerful sports programming and appealing primetime entertainment.
−Removed: The FOX Network regularly delivers approximately 16 hours of weekly primetime programming to 209 local market affiliates, including 18 stations owned and operated by the Company, covering approximately 99.9% of all U.S.
−Removed: television households, according to Nielsen.
−Removed: The FOX Network primetime lineup is intended to appeal primarily to the 18 to 49 year old audience, the demographic group that advertisers seek to reach most often, with particular success in the 18 to 34 year old audience.
+Added: The FOX Network regularly delivers 15 hours of weekly primetime programming to 209 local market affiliates, including 18 stations owned and operated by the Company, covering virtually every U.S.
+Added: market, according to Nielsen.
+Added: The FOX Network primetime lineup is intended to appeal primarily to the 18 to 49 year old audience, the demographic
+Added: group that advertisers seek to reach most often, with particular success in the 18 to 34 year old audience.
The FOX Network has ranked among the top two networks in the 18 to 34 year old audience for the past 29 broadcast seasons.
−Removed: During the 2022-2023 broadcast season, the FOX Network ranked #1 in the 18 to 49 year old audience and #1 across key advertiser demographic groups, including the 18 to 34 year old audience (based on Nielsen’s live+7 ratings).
−Removed: The FOX Network programming ranked #1 among all broadcast network primetime programming for the 2022-2023 broadcast season in the 18 to 49 year old audience (based on Nielsen’s commercial+7 ratings).
−Removed: The median age of the FOX Network viewer is 60 years, as compared to 63 years for ABC Television Network (“ABC”), 64 years for NBC and 66 years for CBS.
+Added: During the 2023-2024 broadcast season, the FOX Network ranked #2 in the 18 to 49 and 18 to 34 year old audiences and #1 in the male 18 to 49 and 18 to 34 year old audiences (based on Nielsen’s live+7 ratings).
+Added: The median age of the FOX Network viewer is 58 years, as compared to 65 years for ABC, 66 years for CBS and 65 years for NBC.
• FOX Sports .
A significant component of FOX Network programming consists of sports programming, with the FOX Network providing to its affiliates during the 2023-2024 broadcast season live coverage of the NFL, including the premier NFC rights package and America's Game of the Week (the #1 show on television).
−Removed: The FOX Network also provides live coverage of MLB (including the post-season and the World Series ), college football and basketball, the NASCAR Cup Series (including the Daytona 500 ), MLS, the USFL and weekly episodes of WWE Friday Night SmackDown .
−Removed: In certain years, FOX Sports broadcasts the Super Bowl , the FIFA World Cup and the UEFA European Championship.
−Removed: FOX Sports entered into an expanded 11-year media rights agreement with the NFL in fiscal 2021 that extended FOX Sports' coverage of NFC games, created new and exclusive holiday games on the FOX Network, and expanded FOX's digital rights to enable future direct-to-consumer opportunities as well as NFL-related programming on Tubi.
+Added: The FOX Network also provides live coverage of MLB (including the post-season and the World Series ), college football and basketball, the NASCAR Cup Series (including the Daytona 500 ), MLS and the UFL.
+Added: In certain years, FOX Sports broadcasts the Super Bowl , the FIFA Men’s and Women’s World Cup , the Copa América tournament and the UEFA European Championship .
+Added: FOX Sports entered into an expanded 11-year media rights agreement with the NFL in fiscal 2021 that extended FOX Sports' coverage of NFL games and expanded FOX's digital rights to enable future direct-to-consumer opportunities as well as NFL-related programming on Tubi.
• FOX Entertainment.
FOX Entertainment delivers high-quality scripted, unscripted, animated and live event content.
−Removed: FOX Entertainment primetime programming during the 2022-2023 broadcast season
−Removed: featured such scripted series as 9-1-1 , 9-1-1:
−Removed: Lone Star , Accused , The Cleaning Lady , Alert:
−Removed: Missing Persons Unit , and the FOX Entertainment-owned comedy Animal Control;
+Added: FOX Entertainment primetime programming during the 2023-2024 broadcast season featured such scripted series as The Cleaning Lady and Alert :
+Added: Missing Persons Unit , along with the FOX Entertainment-owned comedy Animal Control ;
animated series, including The Simpsons, Bob's Burgers, Family Guy and The Great North ;
and unscripted series, such as Next Level Chef and Gordon Ramsay’s Food Stars from Studio Ramsay Global (FOX’s co-owned production company with Gordon Ramsay), The Masked Singer, I Can See Your Voice, LEGO Masters, Special Forces :
−Removed: World's Toughest Test , Farmer Wants a Wife and investigative report specials from FOX-owned TMZ.
−Removed: During the 2022-2023 broadcast season, FOX Entertainment featured the #1 entertainment telecast with Next Level Chef following Super Bowl LVII , the #1 broadcast drama 9-1-1 , the #1 new unscripted series Special Forces:
−Removed: World’s Toughest Test , the #1 new scripted drama in 2023 Accused , and three of the top 10 comedies on broadcast television with The Simpsons , Family Guy and Bob’s Burgers .
−Removed: The FOX Network obtains national sports programming through license agreements with professional or collegiate sports leagues or organizations, including long-term agreements with the NFL, MLB, college football and basketball conferences, NASCAR, FIFA, UEFA, Concacaf, CONMEBOL and WWE.
+Added: World’s Toughes t Test, Farmer Wants a Wife and investigative report specials from FOX-owned TMZ.
+Added: During the 2023- 2024 broadcast season, FOX Entertainment featured the season’s #1 new entertainment series with the FOX-owned animated comedy Krapopolis ;
+Added: launched the #1 game show with The Floor ;
+Added: once again presented television’s top cooking competition series with Gordon Ramsay’s Next Level Chef, Hell’s Kitchen, MasterChef Junior and Kitchen Nightmares ;
+Added: and had four of the top comedies on television with Krapopolis, The Simpsons, Bob’s Burgers and Family Guy.
+Added: The FOX Network obtains national sports programming through license agreements with professional or collegiate sports leagues or organizations, including long-term agreements with the NFL, MLB, college football and basketball conferences, NASCAR, FIFA, UEFA, Concacaf and CONMEBOL.
Entertainment programming is obtained from major television studios, including 20 th Television (formerly known as Twentieth Century Fox Television and which is owned by Disney), Sony Pictures Television and Warner Bros.
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The terms of these agreements generally provide the FOX Network with the right to acquire broadcast rights to a television series for a minimum of four seasons.
−Removed: Entertainment programming is also provided by the Company's in-house production companies.
−Removed: The FOX Network provides programming to affiliates in accordance with affiliation agreements of varying durations, which grant to each affiliate the right to broadcast network television programming on the affiliated station.
+Added: Entertainment programming is also provided by the Company's in-house production companies, which are described below.
+Added: The FOX Network provides programming to affiliated stations and the right to broadcast network television programming on the affiliated stations in accordance with agreements of varying durations.
Such agreements typically run three or more years and have staggered expiration dates.
−Removed: These affiliation agreements require affiliates to the FOX Network to carry the FOX Network programming in all time periods in which the FOX Network programming is offered to those affiliates, subject to certain exceptions stated in the affiliation agreements.
+Added: These affiliation agreements require affiliated stations to carry the FOX Network programming in all time periods in which the FOX Network programming is offered to those affiliated stations, subject to certain exceptions stated in the affiliation agreements.
+Added: FOX Entertainment Studios
+Added: Through its FOX Entertainment studios business, the Company produces entertainment programming for its own traditional and digital entertainment platforms, as well as for third parties.
+Added: MarVista Entertainment is a global entertainment studio that produces and distributes movies and other content for Tubi and third-party networks and digital platforms.
+Added: TMZ produces daily syndicated magazine programs, broadcast and other television specials, and other content for distribution on traditional and digital platforms, including FOX Television Stations, Tubi, FOX Nation and other digital platforms.
+Added: The Company has also formed a co-owned production company with Gordon Ramsay called Studio Ramsay Global that develops, produces and distributes culinary and lifestyle programming such as Gordon Ramsay’s Food Stars and Next Level Chef for FOX, Kitchen Commando for Tubi and other programs for global markets.
+Added: A full-service production studio, Fox Alternative
+Added: Entertainment develops and produces unscripted and alternative programming primarily for the FOX Network, including The Masked Singer, I Can See Your Voice and Name That Tune .
+Added: Animation production company Bento Box Entertainment produces programming for cable and broadcast networks (including programming such as Krapopolis, Bob's Burgers and The Great North that air on the FOX Network) and digital platforms.
Tubi is a leading AVOD service that is available on multiple digital platforms in the United States and select international regions.
The business is part of the Tubi Media Group division formed in fiscal 2023 to house the Company's digital platform services.
−Removed: Tubi offers a content library of over 60,000 titles from over 400 content partners, including every major Hollywood studio, and a growing number of new original titles.
−Removed: Tubi also features key FOX content, such as The Masked Singer , Next Level Chef and Divorce Court , as well as sports programming and live local and national news content.
−Removed: In addition to its on-demand library, Tubi offers nearly 250 sports, entertainment and local news linear streaming channels.
+Added: Tubi offers a content library of over 260,000 movies and television episodes from over 400 content partners, including every major Hollywood studio, and a growing number of new original titles.
+Added: In fiscal 2024, Tubi expanded its content library through the premiere of over 140 new original titles.
+Added: Tubi also features key FOX content, such as The Masked Singer and Next Level Chef , as well as live local and national news content and sports programming.
+Added: In addition to its on-demand library, Tubi offers over 280 sports, entertainment and local news linear streaming channels.
These include channels featuring FOX Entertainment’s The Masked Singer , TMZ and Studio Ramsay Global’s Gordon Ramsay and feeds from over 100 local television stations (including FOX’s owned and operated stations), covering 77 DMAs and 23 of the top 25 markets.
As of June 2024, Tubi is available on 32 digital platforms, including connected television devices, and online at www.tubitv.com.
−Removed: In fiscal 2023, the service generated approximately 6.8 billion hours of total view time (the total number of hours watched).
+Added: In fiscal 2024, the service generated approximately 9.7 billion hours of total view time (the total number of hours watched) and finished the fiscal year with approximately 2.0% of all television viewing according to Nielsen’s The Gauge .
Tubi enables the Company’s advertising partners to access a substantial, incremental digital audience.
−Removed: As of May 2023, the median age of Tubi’s audience is approximately 10 years younger than the median age of broadcast television viewers.
−Removed: Tubi’s viewers are diverse and multicultural with a majority of its audience not subscribing to traditional or virtual MVPD services.
−Removed: Entertainment Programming Production
−Removed: The Company also produces entertainment programming for its own traditional and digital entertainment platforms and for third parties.
−Removed: FOX’s entertainment production companies include two companies acquired in fiscal 2022:
−Removed: MarVista Entertainment, a global entertainment studio that produces and distributes movies and other content for Tubi and third party networks and digital platforms, and TMZ, which produces daily syndicated magazine programs, broadcast and other television specials and other content for distribution on traditional and digital platforms, including FOX Television Stations, Tubi, FOX Nation and other digital properties.
−Removed: The Company has also formed a co-owned production company with Gordon Ramsay called Studio Ramsay Global
−Removed: that develops, produces and distributes culinary and lifestyle programming such as Gordon Ramsay’s Food Stars and Next Level Chef for FOX, Kitchen Commando for Tubi and other programs for global markets.
−Removed: Fox Alternative Entertainment is a full-service production studio that develops and produces unscripted and alternative programming primarily for the FOX Network, including The Masked Singer, I Can See Your Voice and Name That Tune .
−Removed: Bento Box Entertainment, an animation production company, produces programming for cable and broadcast networks (including programming such as Krapopolis , Bob's Burgers and The Great North for the FOX Network ) and digital platforms.
+Added: Tubi’s viewers are young, diverse and highly engaged, and the majority of its audience is classified as “cord-cutters” or “cord-nevers.”
+Added: FOX Entertainment Global
+Added: FOX Entertainment Global is FOX’s wholly-owned sales and distribution business.
+Added: FOX Entertainment Global engages in domestic and international sales and licenses of scripted and unscripted series and other programs owned or controlled by various FOX entities, as well as content owned by third parties that contract with Fox Entertainment Global for distribution.
Digital Distribution
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and print and other media.
−Removed: In addition, the FOX Network and MyNetworkTV compete with other broadcast networks and programming distribution services to secure affiliations or station agreements with independently owned television stations in markets across the U.S.
+Added: In addition, the FOX
+Added: Network and MyNetworkTV compete with other broadcast networks and programming distribution services to secure affiliations or station agreements with independently owned television stations in markets across the U.S.
ABC, NBC and CBS each broadcast a significantly greater number of hours of programming than the FOX Network and, accordingly, may be able to designate or change time periods in which programming is to be broadcast with greater flexibility than the FOX Network.
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Our entertainment programming production businesses compete with other content creators for creative talent, new content ideas, intellectual property and the distribution of their content.
+Added: FOX Entertainment Global competes with other content licensors and sellers for
+Added: the distribution of its content.
Each of the stations owned and operated by FOX Television Stations also competes for advertising revenues with other television stations, radio and cable systems in its respective market area, along with other advertising media, including direct-to-consumer streaming and on-demand platforms and services;
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Competition for sales of broadcast advertising time is based primarily on the anticipated and actually delivered size and demographic characteristics of audiences as determined by various rating services, price, the time of day when the advertising is to be broadcast, competition from the other broadcast networks, cable television systems, direct broadcast satellite television, services and digital media and general economic conditions.
−Removed: Competition for audiences is based primarily on
−Removed: the selection of programming, the acceptance of which is dependent on the reaction of the viewing public, which is often difficult to predict.
−Removed: Other, Corporate and Eliminations
−Removed: The Other, Corporate and Eliminations segment consists primarily of the FOX Studio Lot, Credible, corporate overhead costs and intracompany eliminations.
+Added: Competition for audiences is based primarily on the selection of programming, the acceptance of which is dependent on the reaction of the viewing public, which is often difficult to predict.
+Added: Other Operating Segments
FOX Studio Lot
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The FOX Studio Lot provides two primary revenue streams — the lease of a portion of the office space to Disney and other third parties and the operation of studio facilities for third-party productions, which until 2026 will predominantly be Disney productions.
−Removed: The Company holds 66% of the equity in Credible, which operates consumer finance and insurance marketplaces in the U.S.
+Added: The Company holds 66% of the equity in Credible Labs Inc.
+Added: (“Credible”), which operates consumer finance and insurance marketplaces in the U.S.
Credible’s offerings provide consumers personalized product and rate options for a range of financial products, including student loans, personal loans, mortgages and insurance policies from multiple consumer lending and insurance providers.
3 unchanged sentences
The Company owns approximately 4.3 million ordinary shares, which represents approximately 2.4% of Flutter as of June 30, 2024.
−Removed: In addition, subject to certain conditions and applicable gaming regulatory approvals, FOX Sports holds a 10-year call option expiring in December 2030 to acquire an 18.6% equity interest in Flutter's majority-owned subsidiary, FanDuel Group ("FanDuel").
−Removed: The FanDuel option was the subject of arbitration proceedings, which concluded during fiscal 2023 and determined the price payable of $3.7 billion plus an annual escalator of 5%.
−Removed: As of June 30, 2023, the option price is approximately $4 billion.
−Removed: FOX has no obligation to commit capital towards this opportunity unless and until it exercises the option.
+Added: In addition FOX Sports holds a 10-year call option expiring in December 2030 to acquire an 18.6% equity interest in Flutter's majority-owned subsidiary, FanDuel Group ("FanDuel"), the exercise of which is subject to certain conditions and applicable gambling regulatory approvals.
+Added: As of June 30, 2024, the option exercise price is approximately $4.3 billion.
+Added: obligation to commit capital towards this opportunity unless and until it exercises the option.
In addition, Flutter cannot pursue an initial public offering for FanDuel without FOX's consent or approval from the arbitrator.
+Added: United Football League
+Added: Launched in January 2024, the UFL is a professional spring football league that consists of eight teams playing a 40-game regular season schedule in addition to two playoff games and a championship game.
+Added: FOX Sports and Disney/ESPN are the domestic distribution partners of the UFL games under multi-year rights agreements.
+Added: As of June 30, 2024, the Company owns approximately 42% of the UFL.
+Added: In February 2024, FOX announced that it would enter into a joint venture with ESPN, a subsidiary of The Walt Disney Company, and Warner Bros.
+Added: Discovery to form a digital distribution platform focused on sports.
+Added: Each company is expected to own one-third of the joint venture, have equal board representation and license their sports content to the joint venture on a non-exclusive basis.
+Added: The Venu Sports subscription-based streaming service is expected to launch in the fall of 2024.
Government Regulation
4 unchanged sentences
The introduction of new laws and regulations or changes in the enforcement or interpretation of existing laws and regulations could have a negative impact on the operations, prospects and financial performance of the Company.
+Added: In its most recent term, the U.S.
+Added: Supreme Court issued several decisions that fundamentally change the landscape of federal regulation.
+Added: These include the June 28, 2024 decision in Loper Bright Enterprises v.
+Added: Raimondo , which overturned the longstanding “Chevron ” doctrine under which administrative agencies were entitled to deference in the interpretation of “ambiguous” federal statutes.
+Added: The full impact of these decisions is not yet known, but they are wide-ranging and could lead to significant changes in the federal regulation of the Company’s businesses and the industry in which they operate.
Broadcast Licenses.
4 unchanged sentences
there have been no serious violations by the licensee of the Communications Act or FCC rules and regulations;
−Removed: and there have been no other violations by the licensee of the Communications Act or FCC rules and regulations
−Removed: which, taken together, indicate a pattern of abuse.
+Added: and there have been no other violations by the licensee of the Communications Act or FCC rules and regulations which, taken together, indicate a pattern of abuse.
The current renewal cycle for FOX Television Stations’ FCC applications for its full power broadcast licenses began in 2020 and all license renewal applications for the current cycle have been filed.
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The Company is also subject to other communications laws and regulations relating to ownership.
−Removed: For example, FCC dual network rules prohibit any of the four major broadcast television networks — FOX, ABC, CBS, and NBC — from being under common ownership or control.
+Added: For example, FCC dual network rules prohibit any of the four major broadcast television networks — FOX, ABC,
+Added: CBS, and NBC — from being under common ownership or control.
In addition, under the Communications Act, no broadcast station licensees may be owned by a corporation if more than 25% of the corporation’s stock is owned or voted by non-U.S.
2 unchanged sentences
The FCC could review the Company’s compliance with the foreign ownership regulations in connection with its consideration of FOX Television Stations’ license renewal applications.
−Removed: The Company’s amended and restated certificate of incorporation authorizes the Company’s Board of Directors to take action to prevent, cure or mitigate the effect of stock ownership above the applicable foreign ownership threshold, including:
+Added: The Company’s Amended and Restated Certificate of Incorporation authorizes the Company’s Board of Directors (the “Board”) to take action to prevent, cure or mitigate the effect of stock ownership above the applicable foreign ownership threshold, including:
refusing to permit any transfer of common stock to or ownership of common stock by a non-U.S.
2 unchanged sentences
or redeeming common stock held by a non-U.S.
−Removed: Carriage and Content Regulations.
+Added: Must-Carry/Retransmission Consent.
FCC regulations require each television broadcaster to elect, at three-year intervals, either to require carriage of its signal by traditional MVPDs in the station’s market or to negotiate the terms through which that broadcast station would permit transmission of its signal by the traditional MVPDs within its market, which we refer to as retransmission consent.
FOX Television Stations have historically elected retransmission consent for all of their owned and operated stations, and the Company has been compensated as a result.
+Added: Children’s Programming .
Federal legislation limits the amount of commercial matter that may be broadcast during programming originally designed for children 12 years of age and younger to 10 ½ minutes per hour during the weekend and 12 minutes per hour during the week.
3 unchanged sentences
A television station found not to have complied with the programming requirements or commercial limitations could face sanctions, including monetary fines and the possible non-renewal of its license.
−Removed: The FCC continues to strictly enforce its regulations concerning indecency, sponsorship identification, political advertising, children's television, environmental concerns, emergency alerting and information, equal employment opportunity, technical operating matters and antenna tower maintenance.
−Removed: Federal law authorizes the FCC to impose fines of up to $479,945 per incident for violation of the prohibition against indecent and profane broadcasts, and the FCC may also impose fines or revoke licenses for serious or multiple violations of the indecency prohibition and/or its other regulations.
−Removed: Modifications to the Company’s programming to reduce the risk of indecency violations could have an adverse effect on the competitive position of FOX Television Stations and the FOX Network.
−Removed: If indecency regulation is extended to Internet or cable and satellite programming, and such extension was found to be constitutional, some of the Company’s other programming services could be subject to additional regulation that might adversely affect subscription and viewership levels.
−Removed: Because FCC complaints are confidential, there may be pending nonpublic complaints alleging non-compliance and it is not possible to predict the outcome of any such complaints.
−Removed: In addition, the Federal Trade Commission, or FTC, has increased its focus on unfair and deceptive advertising practices, particularly with respect to social media marketing.
+Added: Program Regulation .
+Added: The FCC also regulates the content of broadcast, cable network, and other video programming.
+Added: The FCC prohibits broadcasters from airing obscene material at any time and indecent or profane material between 6:00 a.m.
+Added: and 10:00 p.m.
+Added: The FCC also monitors compliance relating to political advertising, identification of program sponsors and the use and integrity of the Emergency Alert System.
+Added: In addition, FCC regulations require the closed captioning of almost all broadcast and/or cable programming, as well as certain programming in the U.S.
+Added: delivered by internet protocol.
+Added: Broadcast television stations in certain markets that are affiliated with one of the four major U.S.
+Added: broadcast networks must also provide a certain amount of programming every quarter that includes audio-narrated description of a program’s key visual elements that make the program accessible to blind and low-vision viewers.
+Added: Commercials embedded in our networks’ television content stream also must adhere to certain standards for ensuring that those commercials are not transmitted at louder volumes than our program material.
+Added: Advertising Regulation .
+Added: The Federal Trade Commission, or FTC, has increased its focus on unfair and deceptive advertising practices, particularly with respect to social media marketing.
Both FCC and FTC rules and guidance require marketers to clearly and conspicuously disclose whenever there has been payment for a marketing message or when there is a material connection between an advertiser and a product endorser.
−Removed: FCC rules also require the closed captioning of almost all broadcast and cable programming.
−Removed: In addition, Federal law requires affiliates of the four largest broadcast networks in the 80 largest markets to carry a specified minimum number of hours of primetime or children’s programming per calendar quarter with audio descriptions, i.e., a verbal description of key visual elements inserted into natural pauses in the audio and broadcast over a separate audio channel.
−Removed: The same statute requires programming that was captioned on television to retain captions when distributed via Internet Protocol apps or services.
+Added: Additionally, a number of states have recently introduced or passed legislation as it relates to disclosures of the use of artificial intelligence (“AI”) in political advertising.
+Added: The disclosure and record retention requirements for AI in political advertising vary greatly by state.
+Added: The FCC has also issued a rulemaking on the use of AI in political advertising, which, if adopted, would require broadcasters to collect information from political advertisers and disclose the use of AI, which may impact the sale of political advertising.
+Added: Broadcast Affiliation .
In addition, FCC regulations govern various aspects of the agreements between networks and affiliated broadcast stations, including a mandate that television broadcast station licensees retain the right to reject or refuse network programming in certain circumstances or to substitute programming that the licensee reasonably believes to be of greater local or national importance.
−Removed: Violation of FCC regulations can result in substantial monetary forfeitures, periodic reporting conditions, short-term license renewals and, in egregious cases, denial of license renewal or revocation of license.
−Removed: Violation of FTC-imposed obligations can result in enforcement actions, litigation, consent decrees and, ultimately, substantial monetary fines.
Broadcast Transmission Standard .
−Removed: In November 2017, the FCC adopted rules to permit television broadcasters to voluntarily broadcast using the "Next Generation" broadcast television transmission standard developed by the Advanced Television Systems Committee, Inc., also referred to as "ATSC 3.0" or "NEXTGEN TV".
+Added: In November 2017, the FCC adopted rules to permit television broadcasters to voluntarily broadcast using the “Next Generation” broadcast television transmission standard
+Added: developed by the Advanced Television Systems Committee, Inc., also referred to as “ATSC 3.0” or “NEXTGEN TV”.
FOX Television Stations is actively building out ATSC 3.0 facilities and is participating in various ATSC 3.0 testing with other broadcasters, but it is too early to predict the impact of this technical standard on the Company's operations.
In June 2020, the FCC adopted a Declaratory Ruling and Notice of Proposed Rulemaking declaring that local and national ownership restrictions do not apply to non-video services.
−Removed: In June 2022, the FCC issued a Third Notice of Proposed Rulemaking that raises a number of questions that could impact the adoption and roll-out of both video and non-video ATSC 3.0 services, as well as the broadcast requirements for the ATSC 1.0 standard.
+Added: In June 2023, the FCC issued a Report and Order that extended the simulcast requirement for ATSC 1.0 and ATSC 3.0 signals to July 2027.
+Added: This extension may impact the adoption and roll out of both video and non-video ATSC 3.0 services, as well as the broadcast requirements for the ATSC 1.0 standard.
+Added: Violation of FCC regulations can result in substantial monetary forfeitures, periodic reporting conditions, short-term license renewals and, in egregious cases, denial of license renewal or revocation of license.
+Added: Violation of FTC-imposed obligations can result in enforcement actions, litigation, consent decrees and, ultimately, substantial monetary fines.
Privacy and Information Regulation
6 unchanged sentences
For example, subject to certain exceptions, the CCPA provides individual rights for Californians, such as the right to access, delete, correct, and restrict the “sale” or “sharing” of personal information, including in connection with targeted advertising.
−Removed: Virginia, Colorado, Connecticut, and Utah have similar privacy laws that have or will become effective in 2023.
+Added: Virginia, Colorado, Connecticut, and Utah have similar privacy laws that became effective in 2023.
A number of privacy and data security bills that address the collection, retention and use of personal information, breach notification requirements and cybersecurity that would impose additional obligations on businesses, including in connection with targeted advertising, are pending or have been adopted at the state and federal level.
−Removed: For example, the CPRA, which generally became effective on January 1, 2023, creates a new
−Removed: state privacy protection agency, expands individual rights, and introduces new requirements for businesses, among other things.
+Added: For example, the CPRA, which generally became effective on January 1, 2023, creates a new state privacy protection agency, expands individual rights and introduces new requirements for businesses, among other things.
Several of these matters are subject to additional rulemaking.
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The Company monitors and considers these laws and regulations, particularly with respect to the design and operation of digital content services and legal and regulatory compliance programs.
−Removed: These laws and regulations and their interpretation are subject to change, and could result in increased compliance costs, claims, financial penalties for noncompliance, changes to business practices, including with respect to tailored advertising, or otherwise impact the Company’s business.
+Added: These laws and regulations and their interpretation are subject to change, and could result in increased compliance costs, claims, financial penalties for noncompliance, changes to business practices, including with respect to tailored
+Added: advertising, or otherwise impact the Company’s business.
Violations of these laws and regulations could result in significant monetary fines and other penalties, private litigation, require us to expend significant resources to defend, remedy and/or address, and harm our reputation, even if we are not ultimately responsible for the violation.
3 unchanged sentences
These include the laws and regulations governing the collection, use and transfer of consumer information described above and the following:
−Removed: • the Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair Housing Act, the Real Estate Settlement Procedures Act, or “RESPA,” and similar state laws, and federal and state unfair and deceptive acts and practices, or “UDAAP,” laws and regulations, which place restrictions on the manner in which consumer loans and insurance products are marketed and originated and the amount and nature of fees that may be charged or paid to Credible by lenders, insurance carriers and real estate professionals for providing or obtaining consumer loan and insurance requests;
+Added: • the Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair Housing Act, the Real Estate Settlement Procedures Act, or “RESPA,” and similar state laws, and federal and state unfair and deceptive acts and practices, or “UDAAP,” laws and regulations, which place restrictions on the manner in which consumer loans and insurance products are marketed and originated and the amount and nature of fees that may be charged or paid to Credible by lenders, insurance carriers and real estate professionals;
• the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, among other things, imposes requirements related to mortgage disclosures;
1 unchanged sentence
Intellectual Property
−Removed: The Company’s intellectual property assets include copyrights in television programming and other publications, websites and technologies;
+Added: The Company’s intellectual property assets include copyrights in television and other programming, other publications, websites, digital properties and technologies;
trademarks, trade dress, service marks, logos, slogans, sound marks, design rights, symbols, characters, names, titles and trade names, domain names;
1 unchanged sentence
and licenses of intellectual property rights of various kinds.
−Removed: The Company derives value from these assets through the production, distribution and/or licensing of its television programming to domestic and international cable and satellite television services, video-on-demand services, operation of websites, and through the sale of products, such as collectible merchandise, apparel, books and publications, among others.
−Removed: The Company devotes significant resources to protecting its intellectual property, relying upon a combination of copyright, trademark, unfair competition, patent, trade secret and other laws and contract provisions.
+Added: The Company derives value from these assets through the production, distribution and/or licensing of its programming to third-party distributors, the operation of websites and other digital properties, and through the sale of products, such as collectible merchandise, apparel, books and publications, among others.
+Added: The Company devotes significant resources to protecting its intellectual property, relying on a combination of copyright, trademark, unfair competition, patent, trade secret and other laws and contract provisions.
There can be no assurance of the degree to which these measures will be successful in any given case.
−Removed: Policing unauthorized use of the Company’s products and services and related intellectual property is often difficult and the steps taken may not in every case prevent the infringement by unauthorized third parties of the Company’s intellectual property.
−Removed: The Company seeks to limit that threat through a combination of approaches, including offering legitimate market alternatives, deploying digital rights management technologies, pursuing legal sanctions for infringement, promoting appropriate legislative initiatives and international treaties and enhancing public awareness of the meaning and value of intellectual property and intellectual property laws.
+Added: Policing unauthorized use of the Company’s products and services and related intellectual property is often difficult and the steps taken by the Company may not in every case prevent the infringement.
+Added: The Company seeks to limit that threat through a combination of approaches, including offering legitimate market alternatives, deploying digital rights management technologies, asserting infringement claims, and by pursing takedowns and/or monetization of Company content uploaded to the Internet by third parties without Company authorization.
Piracy, including in the digital environment, continues to present a threat to revenues from products and services based on intellectual property.
−Removed: Third parties may challenge the validity or scope of the Company’s intellectual property from time to time, and such challenges could result in the limitation or loss of intellectual property rights.
+Added: Third parties may challenge the validity or scope of the Company’s intellectual property from time to time, and such challenges could result in the limitation or loss of the Company’s intellectual property rights.
Even if not valid, such claims may result in substantial costs and diversion of resources that could have an adverse effect on the Company’s operations.
+Added: The legal landscape for new technologies, including AI, remains uncertain, and development of the law in this area could negatively impact the Company’s ability to protect against unauthorized third-party infringing uses or result in intellectual property infringement claims against the Company.
Human Capital Resources
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The vast majority of our workforce is based in the United States, and a portion is unionized.
−Removed: We have posted on our corporate website our Employment Information Report (EEO-1), showing the race, ethnicity and gender of our U.S.
+Added: We have posted on our website our Employment Information Report (EEO-1), showing the race, ethnicity and gender of our U.S.
employees at https://www.foxcorporation.com/eeo-1-data.
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Recruitment and Diversity
−Removed: We are committed to diversity from the very top of the Company.
−Removed: Our Board of Directors requires that minority and female candidates are presented for consideration with each Director vacancy.
+Added: Our commitment begins at the highest level of the organization.
+Added: Our Board requires that minority and female candidates are presented for consideration with each Director vacancy.
We believe that the more voices in the room and the more diverse the experiences of our colleagues, the better FOX’s internal culture and external programming are.
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These organizations include:
−Removed: • Asian American Journalists Association (AAJA)
−Removed: • National Association of Black Journalists (NABJ)
−Removed: • National Association of Hispanic Journalists (NAHJ)
−Removed: • Native American Journalists Association (NAJA)
+Added: • American Corporate Partners
+Added: • Asian American Journalists Association
+Added: • National Association of Black Journalists
+Added: • National Association of Hispanic Journalists
+Added: • Radio Television Digital News Association
• The Association of LGBTQ+ Journalists
−Removed: • Radio Television Digital News Association (RTDNA)
+Added: • U.S.VETS Camo to Careers Program
We also offer paid internships to build a diverse pipeline of early-career talent and emerging leaders.
The FOX Internship Program offers students an exciting opportunity to gain practical experience, participating in real-world projects and seminars on the media industry, technology and professional development.
−Removed: This internship program, which runs for 8-10 weeks three times per year, welcomed over 475 students in calendar year 2022.
−Removed: We are proud that our internship program was listed on Vault's 2022 and 2023 "100 Best Internships," and it was the 2023 Winner of the Interns 2 Pros Internship Program of the Year (for excellence in its 2022 program).
−Removed: We also partner with the Emma Bowen Foundation, the T.
−Removed: Howard Foundation, the International Television and Radio Society, Sports Biz Careers, NAB Emerson Coleman Fellowship, Pathway at UCLA Extension and the Entertainment Industry College Outreach Program to provide media internships for promising students.
−Removed: In addition, FOX has developed and implemented a number of internal early career training programs designed to provide outstanding individuals with workforce skills and professional development opportunities.
−Removed: These programs build the pipeline of our next generation of leaders, many of whom are from underrepresented backgrounds.
−Removed: Examples include:
−Removed: • FOX Ad Sales Training:
−Removed: Initiated in 2021, this rotational program aims to attract, develop, and retain early career talent.
−Removed: Through exposure to various functions within Ad Sales, the program develops professional skills of promising individuals recruited from outside FOX.
−Removed: • FOX Alternative Entertainment (“FAE”) FASTRACK:
−Removed: This highly selective accelerated producers’ initiative is designed to nurture producers with diverse backgrounds and life experiences, and create a pipeline for new, behind-the-camera talent on FAE series.
−Removed: Launched in 2020, the program places candidates as associate producers on production teams across various FAE-produced shows to provide valuable exposure to many facets of production.
−Removed: • FOX News Media Digital Rotational Program:
−Removed: Launched in 2021, this program strives to identify high potential talent from diverse backgrounds with a passion for the FOX News Media brand.
−Removed: The goal is to find staff placement for the individuals who complete the one-year rotational program across three key departments for four months each and have proven themselves to be integral members of the FOX News Media Digital team.
−Removed: • FOX News Multimedia Reporters Training Program:
−Removed: This program places talent from diverse backgrounds in multimedia reporter roles across the country, where they shoot, report, edit and produce their own high-end content across FOX News platforms.
−Removed: Through daily guidance and feedback from management, we challenge and enable the talent to continually hone their journalistic skills.
+Added: This internship program, which runs for 8-10 weeks three times per year, welcomed approximately 600 students in fiscal year 2024.
+Added: We are proud that our internship program was listed on Vault’s 2023 “100 Best Internships,” and it was the 2023 Winner of the Interns 2 Pros Internship Program of the Year.
+Added: We also partner with a variety of organizations that provide media internships for promising students such as the Emma Bowen Foundation, T.
+Added: Howard Foundation, International Radio and Television Society, Sports Biz Careers, National Association of Broadcasters’ Emerson Coleman Fellowship, UNC Hussman School of Journalism and Media’s Chuck Stone Program for Diversity Education and Media and the Entertainment Industry College Outreach Program.
+Added: Additionally, FOX has established and put into action numerous early career training initiatives aimed at equipping promising individuals with vital job skills and career advancement opportunities.
+Added: These initiatives are
+Added: instrumental in cultivating a reservoir of our future leadership, many of whom are from underrepresented backgrounds.
+Added: Notable examples include:
+Added: • FOX Ad Sales Fast Future Initiative (“FFI”):
+Added: Launched in 2021, this six-month career development program offers FOX Ad Sales team members resources and experiences designed to equip tomorrow’s leaders with skills they can implement today.
+Added: FFI nurtures a sense of community, propels career growth and offers opportunities to engage with industry experts.
+Added: FOX Ad Sales celebrated the graduation of its third cohort in early 2024.
+Added: • FOX News Multimedia Reporters:
+Added: This program positions qualified candidates across the country to shoot, produce, edit and report content for FOX News Media platforms.
+Added: After two years of ongoing development and mentorship, reporters are positioned to become stronger journalists in the field.
• FOX Sports Professional Development Program:
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• FOX Writers Incubator Initiative:
−Removed: This FOX Entertainment program, which welcomed its first class in March 2022, nurtures and trains talented writers with diverse voices, backgrounds and life experiences.
+Added: This FOX Entertainment program, which welcomed its first class in 2022, nurtures and trains talented writers with diverse voices, backgrounds and life experiences.
Writers work intensively on their scripts with the support of established writers, executives, directors and producers across all genres (comedy, drama, animation, etc.).
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Providing equal pay for equal work, without regard to race, gender or other protected characteristics, is an imperative at FOX.
−Removed: We link our more senior employees' pay to corporate performance through discretionary annual incentive compensation awards.
−Removed: Other employees may be eligible for equity awards or other long-term incentives depending on their business unit and level/role.
+Added: We link our more senior employees’ pay to corporate performance through annual incentive compensation awards.
+Added: Other employees may be eligible for other long-term incentives depending on their business unit and level/role.
FOX also provides generous benefits that support the health, wellness and financial stability of our employees and their families.
−Removed: Full-time employees are eligible for medical insurance through a choice of several
−Removed: plans, in which employees also may enroll family members, including domestic partners and their children.
+Added: Full-time employees are eligible for medical insurance through a choice of several plans, in which employees also may enroll family members, including domestic partners and their children.
Many employees benefit from the convenience of covered telemedicine visits as well as virtual primary care services.
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We also provide employees with a health advocate service, with experts who support employees and their eligible family members in navigating a wide range of health and insurance-related issues.
−Removed: Full-time employees are eligible to receive paid company holidays, floating holidays, vacation, sick and safe time, life insurance, accidental death and dismemberment insurance, business travel accident insurance, full salary replacement for up to 26 weeks of short-term disability, basic long-term disability insurance, charitable gift matching, cybersecurity and malware protection for personal devices and an employee assistance program that offers onsite counseling in our New York and Los Angeles worksites, as well as smoking cessation and weight management programs.
+Added: Additional benefits FOX provides to eligible employees include paid company holidays, floating holidays, vacation, sick and safe time, life insurance, accidental death and dismemberment insurance, business travel accident insurance, salary replacement for up to 26 weeks of short-term disability, basic long-term disability insurance, charitable gift matching, cybersecurity and malware protection for personal devices and an employee assistance program that offers onsite counseling in our New York and Los Angeles worksites, as well as smoking cessation and weight management programs.
The FOX 401(k) Savings Plan provides employees with a company contribution, and it offers a company match, Roth and post-tax contribution options and catch-up contributions.
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Finally, FOX also offers employees group discounts in various voluntary benefits such as critical illness insurance, group universal life insurance, auto and home insurance, access to legal services, pet insurance, supplemental long-term disability insurance and student loan refinancing.
−Removed: Work-Life Balance and Workplace Flexibility
−Removed: We believe offering our employees the tools necessary for a healthy work-life balance empowers them to thrive in our modern workforce.
+Added: Employee Wellness and Workplace Flexibility
+Added: We believe offering our employees the tools necessary for a healthy work-life balance and overall wellness empowers them to thrive in our modern workforce.
To that end, FOX allows eligible individuals the opportunity to work on a partially remote (i.e., “hybrid”) or fully remote basis in appropriate circumstances.
−Removed: We support these working arrangements by deploying online collaboration tools, offering e-learning courses on effective remote work, providing reasonable office supplies and reimbursing business expenses.
−Removed: The Company also reimburses employees who work on a fully remote basis with a monthly stipend for business expenses (including mobile or other devices, Internet and electricity).
−Removed: Where appropriate, we provide technology and mobile communication devices, tailored to employee duties.
Our parental leave policy allows eligible new parents to bond with their children for a substantial period with full pay, and our workplaces have lactation rooms for our new mothers.
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In addition, we have onsite fitness centers in our New York and Los Angeles worksites.
+Added: In 2024, FOX expanded its partnership with the National Alliance on Mental Illness (“NAMI”) to provide additional mental health resources to employees.
+Added: Through the collaboration within the NAMI-NYC Workplace Mental Health Collaborative, FOX leadership gains access to an array of organizational best practices.
+Added: Throughout the year, FOX employees engaged in multiple training sessions, endorsed by research and peer-reviewed studies, such as the “Beyond Burnout” course which provided strategies to build resilience, maintain mental well-being, and protect against workplace burnout.
+Added: NAMI has tailored training for FOX, focusing on managing workplace crises and trauma.
+Added: The program, beneficial for all staff levels, provides essential best practices and coping strategies to maintain mental health, promote staff safety, and support uninterrupted business operations.
Learning and Development
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Health and Safety
−Removed: FOX is committed to protecting the health, safety and working environment of our employees, clients and neighbors.
−Removed: Our Environment, Health and Safety Program manages risks by implementing proactive, practical and feasible controls into daily work activities, as appropriate.
+Added: FOX is committed to protecting the health, safety and work environment of our employees, clients and neighbors.
+Added: Our Environment, Health and Safety (“EHS”) Program manages risks by implementing proactive, practical and feasible controls into daily work activities, as appropriate.
Employees receive health and safety training orientations and have access to several workplace safety programs and resources.
−Removed: The program works to
−Removed: continuously improve performance through preventive measures, as well as efforts to correct hazards or dangerous conditions and minimize the environmental impact of our activities.
+Added: The program works to continuously improve performance through preventive measures, as well as efforts to correct hazards or dangerous conditions and minimize the environmental impact of our activities.
+Added: The day-to-day management of FOX’s EHS Program, sustainability initiatives and compliance is overseen by our President and General Manager, Studio Operations and implemented by our dedicated EHS team.
Moreover, FOX has a Global Security team that oversees the Company’s security and emergency response efforts as well as emergency planning and preparedness.
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Therefore, it is our policy to provide a safe work environment free from this or any other unlawful conduct.
−Removed: Creating and maintaining an environment free of discrimination and harassment begins at the highest leadership level of the Company and we have focused on embedding this commitment throughout our policies and practices.
+Added: Creating and maintaining an environment free of discrimination and harassment begins at the highest leadership level of the Company and we have focused on embedding this commitment throughout our policies
+Added: and practices.
The FOX Standards of Business Conduct and the Preventing Harassment, Discrimination and Retaliation Policy, which are posted on our website, create our framework for addressing complaints and taking remedial measures as needed.
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FOX also has several employee-driven Employee Resource Groups (“ERGs”) formed around shared identity, interests or pursuits for the purpose of advancing careers, encouraging a more respectful workplace community and fostering a sense of belonging.
+Added: All FOX colleagues are welcome to join or participate in any or multiple ERGs.
+Added: Opportunities are also available for colleagues to impact their personal and professional development by becoming an ERG board member.
They include:
−Removed: • ABLE – promotes an inclusive environment and culture for our colleagues with disabilities through advocacy and allyship
−Removed: • ACE (Asian Community Exchange) – serves Asian Americans at FOX by advancing our members, championing our stories and empowering our communities
−Removed: • BLK+ – celebrates our Black colleagues and seeks to build community through programming and professional development while standing in solidarity with our allies
−Removed: • HOLA (Hispanic Organization for Leadership and Advancement) – develops Hispanic leaders, enriches FOX’s diverse culture and drives positive impact
+Added: • ABLE – committed to breaking the stigma around seen and unseen disabilities and supporting our FOX colleagues, and those affected by them, through education, advocacy and allyship
+Added: • ACE (Asian Community Exchange) – serves Asian Americans at FOX and their allies by advancing their members, championing their stories and empowering their communities
+Added: • BLK+ – celebrates the intersectionality of our Black colleagues across the diaspora of FOX and seeks to build community through programming and professional development
+Added: • HOLA (Hispanic Organization for Leadership and Advancement) – develops Hispanic leaders, enriches FOX's diverse culture and drives positive impact for Hispanic employees at FOX and their allies
• PRIDE – cultivates community among FOX’s LGBTQ+ colleagues and allies, supports causes important to the LGBTQ+ community
−Removed: • VETS – committed to the community of veterans, current service members, military supporters and military spouses employed at FOX by embracing our four core values – Community, Appreciation, Connection & Education
−Removed: • WiT (Women in Tech) – attracts, advances and empowers women technologists and amplifies their impact at FOX
−Removed: • WOMEN@FOX – creates the space for developing female leadership at all levels and fostering a culture where all women thrive
+Added: • VETS – committed to the community of veterans, current service members, military supporters and military spouses employed at FOX by embracing four core values – Community, Appreciation, Connection & Education
+Added: • WiT (Women in Tech) – attracts, empowers and connects women technologists and amplifies their impact at FOX
+Added: • WOMEN@FOX – committed to developing female leadership at all levels and fostering a culture where all women thrive
Maintaining a work environment where employees can thrive, advance and feel included is one of our top priorities at FOX.
As a result of these and other efforts, many outside organizations have recognized FOX for our deep commitment to inclusion and diversity.
−Removed: • DiversityComm once again recognized FOX as a Top Employer and as a Top LGBTQ+ Friendly Company for 2023
+Added: • DiversityComm once again recognized FOX as a Top Hispanic, Black and Women Employer and as a Top LGBTQ+ Friendly Company for 2024
• FOX was appointed to the Military Friendly® Employer list again for 2024 and named a Military Friendly® Brand;
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• FOX was named to Disability Equality Index's “Best Places to Work for Disability Inclusion” list for 2024, continuing year-over-year recognition as a top scoring employer
−Removed: • Black EOE Journal, HISPANIC Network Magazine, Professional WOMAN’s Magazine and U.S.
−Removed: Veterans Magazine have all listed FOX as a 2023 top employer
Community Impact
−Removed: FOX employees are deeply engaged in their communities.
−Removed: Nowhere is that more evident than through the commitment and involvement of our colleagues who volunteer their time, share their skills and contribute to worthy causes through our philanthropic program, FOX Forward.
−Removed: Through volunteer opportunities and service projects, FOX employees support community groups, veteran service organizations, local schools and families in need, and we encourage our colleagues to donate their time and resources to change-making organizations.
−Removed: Over the course of fiscal 2023, across all FOX businesses, our giving programs generated over $9 million in impact to multiple communities.
−Removed: During the fiscal year, FOX and its employees supported military veterans, first responders and their families by partnering with Purple Heart Homes, U.S.VETS to champion their Make Camo Your Cause campaign and in an effort to leave a positive imprint in the Super Bowl LVII host city, we made a multi-year commitment to the Pat Tillman Veterans Center at Arizona State University to provide scholarship funding and mental health resources for student veterans.
−Removed: FOX continued to serve as an Annual Disaster Giving Program partner for the American Red Cross, while also making three additional donations of $1 million each to the Hurricane Ian and Southern and Midwest Tornadoes & Storms Relief Campaigns as well as ongoing humanitarian relief efforts in Ukraine.
−Removed: As a part of our wider "FOX For Students" initiative, FOX became a Founding Partner of the Roybal Film and Television Production Magnet Fund.
−Removed: This investment provides historically underrepresented college- and career-ready students with the resources and experiences to pursue below-the-line careers in the film and television industry.
−Removed: FOX holiday giving programs raised over $525,000 in November and December of 2022 for non-profit organizations across the country, including Team Rubicon, Angel City Sports, Feeding America and Toys for Tots, providing meals, coats, and holiday gifts for those in need.
+Added: The dedication of FOX team members to their local communities is profoundly exhibited by their active participation.
+Added: This is particularly visible within the scope of our charitable initiative, FOX Forward, which embodies our commitment through volunteerism, skill sharing and support of meaningful causes.
+Added: FOX employees offer significant support to a variety of community non-profit organizations, aid for veterans, educational institutions and families facing hardships.
+Added: We seek to motivate our employees to invest their time and resources in institutions that drive positive changes.
+Added: Throughout fiscal year 2024, the various FOX businesses collectively propelled our philanthropic efforts to realize an impressive impact, contributing over $9.5 million to diverse communities.
+Added: During the fiscal year, FOX supported military veterans, active-duty military, first responders and their families by partnering with U.S.VETS to champion their Make Camo Your Cause campaign, awarding the first two FOX Pat Tillman Veterans Center scholarships to Cronkite School of Journalism and Media Communications student veterans and presenting grants to caretakers of veterans through the Elizabeth Dole Foundation’s Hidden Heroes program.
+Added: Additionally, FOX committed $2 million to Tunnel to Towers’ Homeless Veteran Program, which will fund housing and supportive services for American veterans experiencing homelessness.
+Added: FOX continued to serve as an Annual Disaster Giving Program partner for the American Red Cross while also making additional donations to their Hawaii Wildfires and Hurricane Idalia relief efforts.
+Added: Along with FOX viewer contributions, over $3 million in aid supported these relief efforts.
+Added: The growth of our FOX For Students program continued as we renewed our commitment as a Founding Partner of the Roybal Film and Television Production Magnet Program doubling our financial commitment to the school and its mission to build an inclusive pipeline to below-the-line career paths in the entertainment industry through education and real-life experience.
+Added: FOX holiday giving programs raised over $500,000 in November and December of 2023 for non-profit organizations across the country, including the Los Angeles Regional Food Bank, New York Cares, Boys & Girls Clubs of America and the National Alliance on Mental Illness, providing meals, coats, holiday gifts and mental health resources for those in need.
+Added: FOX supported communities experiencing food insecurity through multiple organizations such as Feeding America, Northwest Harvest and Capital Area Food Bank resulting in over 270,000 meals served.
As part of the Company’s commitment to give back to the communities in which its employees live and work, our FOX Giving program matches contributions made by regular full-time employees to eligible non-profit organizations, dollar for dollar, up to a total of $1,000 per fiscal year when submitted through the FOX Giving platform.
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Over the course of the fiscal year, across all FOX businesses, contributions through FOX Giving exceeded $1.5 million.
−Removed: Additionally, FOX provides invaluable in-kind support through public service announcements and editorial coverage for non-profit organizations such as Big Brothers, Big Sisters, The National Alliance on Mental Illness, Common Goal and the Elizabeth Dole Foundation, while also creating additional impact in our communities through efforts such as FOX Sports Supports’ Gamechanger Fund, FOX Entertainment’s #TVForAll, FOX Television Stations' Holiday Community Giving Campaigns and FOX News Media’s support of the Police Athletic League NYC, Tunnel to Towers and Save Our Allies.
+Added: Additionally, FOX provides invaluable in-kind support through public service announcements and editorial coverage for non-profit organizations such as the Special Olympics, the USO and Stand Up to Jewish Hate, while also creating further impact in our communities through efforts such as FOX Sports Supports’ Gamechanger Fund, FOX Entertainment’s #TVForAll, FOX Television Stations’ Holiday Community Giving Campaigns and FOX News Media’s support of the First Responders Children’s Foundation and Tunnel to Towers Foundation.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.