Morningstar - Twenty-First Century Fox Inc. Class A (FOXA) Fox Reports Strong 2Q; Deal Closing With Disney Appears Imminent

Report

Morningstar

Neil Macker

EUR 100.00 For Business Accounts Only

Fox Reports Strong 2Q; Deal Closing With Disney Appears Imminent

Fox posted a strong fiscal 2019 second quarter as revenue was in line with the Street projection and EBITDA came above the consensus estimate. While the results were once again positive, this may the last quarter for the combined firm. The soon-to-be-spun-off New Fox Corp. represents a minority piece of this quarterâ€™s revenue and earnings, but the revenue growth at the broadcast network and Fox News is a positive sign for the successor firm. We are maintaining our wide moat rating but are raisin...

11/02/2019 14 EN

Underlying

Twenty-First Century Fox Inc. Class A

Twenty-First Century Fox is a media and entertainment company with operations in the following segments: Cable Network Programming, which consists of the production and licensing of programming distributed primarily through cable television systems and others; Television, which consists of the broadcasting of network programming and the operation of power broadcast television stations; Filmed Entertainment, which 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; and Other, Corporate and Eliminations.

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US90130A1016 United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Neil Macker

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Fox Reports Strong 2Q; Deal Closing With Disney Appears Imminent

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

Morningstar | Twenty-First Century Fox Completes Spinout of Fox Corp.; Disney Will Acquire 21CF on March 20

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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