About FOX TELEVISION STATIONS, LLC

Twenty-First Century Fox (formerly known as News Corporation) owns and operates a portfolio of cable, broadcast, film, pay television, and satellite assets spanning the globe. The company's massive portfolio of cable and broadcasting networks and properties includes FOX , FX , Fox News , Fox Business Network , Fox Sports , National Geographic Channels, Fox Pan America Sports, MundoFox, STAR , and 28 local television stations; film studio Twentieth Century Fox Film ; and television production studios Twentieth Century Fox Television and Shine Group . In late 2016, owner and media mogul Rupert Murdoch announced it had made an £11.7 billion bid for full ownership of Sky plc .

Operations

Twenty-First Century Fox operates its business through the following segments: Cable Network Programming; Television; Filmed Entertainment; Direct Broadcast Satellite Television; and Other. Cable Network Programming consists of the production and licensing of programming distributed through cable television systems, direct broadcast satellite operators and telecommunication companies.

Television, consists of the broadcasting of network programming in the US and the operation of 28 full power broadcast television stations, including 11 duopolies, in the US (of these stations, 17 are affiliated with the FOX Broadcasting Company ('FOX') and 10 are affiliated with Master Distribution Service, Inc. ('MyNetworkTV') and one is an independent station.

Filmed Entertainment consists of the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide, and the production and licensing of television programming worldwide.

In addition to its cable and broadcasting network properties, Twenty-First Century Fox also provides content to millions of subscribers through its pay-television services in Europe and Asia, including Sky Deutschland , Sky Italia, and through equity interests in Sky plc and Tata Sky.

The company's Cable Network Programming segment accounted for about 55% of total revenue in fiscal 2016, while the Filmed Entertainment and Television segments accounted for 31% and 19% respectively.

Geographic Reach

Headquartered in New York City, the company operates principally in the US, Europe, Asia, and Latin America. The US and Canada accounted for more than 70% of total revenue in fiscal 2016, while Europe accounted for about 12%.

Sales and Marketing

The company spends billions on advertising and marketing promotions every year. Its advertising expenses were $2.4 billion, $2.6 billion, and $2.9 billion for fiscal 2016, 2015, and 2014 respectively.

Financial Performance

The company reported revenue of $27.32 billion for fiscal 2016. That was a decrease of $1.66 billion (or 6%) compared to its revenue during the prior fiscal year. The primary cause of the drop in revenue was the sale of the company's Direct Broadcast Satellite businesses in November 2014.

Twenty-First Century Fox reported a net income of $2.75 billion in fiscal 2016. That was a decrease of $5.55 billion (or 67%) compared to fiscal 2015. The primary reason for the decrease in net income was decreased sales combined with increased expenses.

The company ended fiscal 2016 with $3.04 billion in cash flow from operations, which was a decrease of $569 million (or 16%) compared to fiscal 2015.

Strategy

The company's growth strategy is built around delivering standout creative output to power its core brands FOX, National Geographic, Fox News, FOX Sports, FX, and STAR India. Twenty-First Century Fox is also focused on being a driver of innovation in customer experience and supporting the proliferation of consumer choices for accessing its content across multiple platforms.

Mergers and Acquisitions

In late 2016, Rupert Murdoch announced Twenty-First Century Fox had made an £11.7 billion bid for the remaining approximately 60% share of Sky plc that it didn't already own. The nature of the deal and the large market share the combined company would occupy makes it likely the deal will face a number of regulatory hurdles.

In January 2016, Twenty-First Century Fox and Osterhout Design Group (ODG) entered into a prelminary agreement for 21st Century Fox to acquire a minority stake in ODG, a leading augmented and virtual reality and smartglasses designer and manufacturer.

In fiscal 2015 Twenty-First Century Fox spent about $725 million to acquire the media assets of the National Geographic Society . Also during 2015, the company acquired the entirety of the broadcast business of MAA Television Network Limited (MAA TV), an entity in India that broadcasts and operates Telugu language entertainment channels, for approximately $346 million.

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FOX TELEVISION STATIONS, LLC

1999 S Bundy Dr
Los Angeles, CA 90025-5203
Phone: 1 (310) 584-2000
Fax: 1 (310) 584-2217

Stats

  • Employer Type: Public
  • Executive Managing Director: Kyle Carmean
  • Pres Of Station Operations: Dennis Swanson
  • Senior Vice President Finance: Betsy Swanson
  • Employees: 1,490

Major Office Locations

  • Los Angeles, CA

Other Locations

  • Phoenix, AZ
  • Washington, DC
  • Gainesville, FL
  • Lake Mary, FL
  • Chicago, IL
  • Southfield, MI
  • Eden Prairie, MN
  • Kansas City, MO
  • Saint Louis, MO
  • New York, NY
  • Cleveland, OH
  • Philadelphia, PA
  • Memphis, TN
  • Austin, TX
  • Fort Worth, TX
  • Houston, TX
  • Salt Lake City, UT
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