NEW YORK - Twenty-First Century Fox (FOX) on Wednesday reported fiscal first-quarter earnings of $855 million. On a per-share basis, the New York-based company said it had profit of 46 cents. Earnings, adjusted for one-time gains and costs, were 49 cents per share, in line with analyst estimates. The owner of Fox News Channel and the 20th Century Fox movie studio posted revenue of $7 billion in the period. The company said in a statement that its cable network programming saw a 10 percent revenue bump on higher affiliate and advertising revenues, but those gains were partially offset by an 11 percent increase in expenses related to sports programming costs, including contractual rights increases for Major League Baseball, among others. Fox shares have increased slightly since the beginning of the year. In Wednesday trading, the shares closed at $27.35, an increase of 1 percent in the last 12 months. On the earnings call, Executive Chairman Lachlan Murdoch said management … [Read more...] about Cable revenues boost 21st Century Fox earnings
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Last Updated Nov 6, 2017 4:53 PM EST 21st Century Fox (FOXA) has held talks to sell most of its assets to Walt Disney (DIS), a deal that would create a seismic shift in the media and entertainment industry, according to media reports.Discussions between the corporate parents of the 20th Century Fox film studio and the Walt Disney World Resort have taken place over the past few weeks but aren't currently active, although they could be revisited given their "on again, off again" nature, CNBC's David Faber reported. The Wall Street Journal, however, offered a more pessimistic take, saying the talks were preliminary and had broken down over price and other issues. An analyst estimated the value of the deal between $20 billion and $30 billion."Disney hates to overpay for assets," said Laura Martin, an analyst with Needham & Co., who has a hold on Disney and Fox, in an interview, adding that it's a "great strategic idea." "When you merge two studios together, you … [Read more...] about 21st Century Fox reportedly tried to sell its film studio to Disney
INDIANAPOLIS — Members of the Indiana General Assembly are required by state law to conclude their annual legislative session sometime before midnight Wednesday.That means, starting Monday, lawmakers will be racing to the finish line as they strive to strike compromises on myriad outstanding issues, ranging from workforce development and school safety, to the legalization of cannabidiol, also known as CBD oil, and autonomous vehicle regulations.At the same time, Republican Gov. Eric Holcomb already has begun signing into law a variety of proposals that have won majority support in both the House and Senate.Here's a look at some of the new laws proposed by the Republican-controlled chambers and approved by the governor. Most take effect July 1.Day cares — State officials can immediately shut down any licensed day care facility, home or ministry if weapons of any kind are found in a place that is accessible to children. This law was inspired by a 2017 dangerous day care … [Read more...] about 5 important stories you need to know from Monday: Valparaiso-area man sentenced to 40 years in child molest case described as worst prosecutor has seen. 20th Century Fox filming legal drama show at Hammond City Hall.
Hammond's gone Hollywood.20th Century Fox is filming a television pilot at the stately 80-year-old Hammond City Hall building at 5925 Calumet Ave. It's an untitled legal drama about a woman who is wrongly accused, becomes a lawyer and fights for those who have been wrongly accused.Hammond Mayor Thomas McDermott said the filming would not interfere with any city business, or services to residents."They were trying to film on the day of the council meeting and we told them they couldn't film it here," McDermott said. "This is City Hall. We do city business on site. Hammond has an old-fashioned city hall and it's marvelous they want to use it in their show. We're proud to host them to shoot their segments and we're not charging them for any permits or anything. But this isn't a film studio and it can't get in the way of city business."Hammond City Hall has twice before been the setting for filming — once for a television pilot starring Minnie Driver that no network picked up … [Read more...] about 20th Century Fox filming legal drama show at Hammond City Hall
It was announced this morning, confirming rumours started last month, that Fox will sell itself off to Disney, adding yet another name to Disney's vast portfolio of movie studios and television channels. According to the MSNBC report that broke the rumour, Fox felt unconfident competing in an increasingly crowded landscape dominated by heavies including Google, Amazon, Netflix and Facebook, and were therefore eager to sell up. Disney, which already owns Marvel Comics, Lucasfilm, Pixar and ESPN, was decided to be a good fit, the company now taking ownership of Fox's film and TV productions, produced under the banner 20th Century Fox. The deal, worth an eye-watering $52.4 billion, has already sparked enormous implications for the industry, along with further fears of corporate monopolisation. The good news for geeks uninterested in the dangers of all of culture being owned by a handful of billion-dollar corporations? Superhero crossovers! And more … [Read more...] about Why Disney buying 20th Century Fox is good news for Marvel and Star Wars fans