This media company is crazy like a fox. 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.
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 60% of total revenue.
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 10 duopolies, in the US (of these stations, 18 are affiliated with the FOX Broadcasting Company (“FOX”) and 10 are affiliated with Master Distribution Service, Inc. (“MyNetworkTV”).
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.
Sales and Marketing
The company spends billions on advertising and marketing promotions every year.
The company reported revenue of $28.99 billion for fiscal 2015. That was a decrease of $2.89 billion compared to the company's fiscal 2014 revenue. However, even with the dip in revenue the company reported a net income of $8.31 billion for fiscal 2015. That was an increase of $3.79 billion compared to the prior fiscal period. The company's cash flow remained very strong during fiscal 2015 and Twenty-First Century Fox ended the year with $3.62 in cash on hand from operations.
In 2013 News Corp. split into two publicly traded companies, separating the weaker Publishing group from its larger Entertainment group. News Corp. claimed it made the split in order to enhance shareholder value, saying the move would result in two strong companies that are better managed and poised for growth.
Mergers and Acquisitions
In fiscal 2015 Twenty-First Century Fox spent about $725 million to acquire the media assets of the National Geographic Society.
Media mogul Rupert Murdoch and his family control about 40% of the company.