Fox Corporation (NASDAQ: FOX)—Valuation on January 28, 2022
Fox Corporation (NASDAQ: FOX)—Valuation on January 28, 2022
Summary
Stock: Fox Corporation Class B Common Stock (NASDAQ: FOX)
Rating: Buy
Price: $35.01
Target: $52.48
Business overview
The Fox Corporation is a news, sports, and entertainment company in the United States. The company has three operating segments:
The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online multi-channel video programming distributors. It also operates FOX News, FOX Business, FS1 and FS2 multi-sport national networks, FOX Sports Racing, FOX Soccer Plus, FOX Deportes, and Big Ten Network. This segment generated $5,683m of revenue for the 2021 financial year.
The Television segment acquires, produces, markets, and distributes broadcast network programming. It operates The FOX Network, MyNetworkTV, Fox Alternative Entertainment, Bento Box, and Tubi with 33m monthly active users. This segment owns …