Latest news with #Fox
Business Insider
8 hours ago
- Business
- Business Insider
M&A News: Fox Corp (FOXA) Acquires Caliente TV
Media company Fox Corp (FOXA) has acquired Caliente TV, which is a sports streaming platform and TV channel, in order to strengthen its sports broadcasting footprint in Mexico. This acquisition gives Fox access to valuable broadcasting rights for major competitions like the UEFA Champions League, France's Ligue 1, and select Liga MX matches, which will allow it to meet the rising demand for premium sports content in the region. Confident Investing Starts Here: Following the acquisition, Fox plans to expand its offerings through a multi-platform strategy that includes launching a new pay TV channel and a subscription-based video-on-demand service. These services will complement Tubi, which is Fox's existing free and ad-supported streaming platform. Interestingly, Carlos Martinez, Fox's executive vice president and managing director for Latin America, will lead the rollout of these new plans in Mexico and Central America. It is worth noting that Martinez brings more than 30 years of experience in the Latin American broadcasting industry. While Fox did not disclose the financial details of the Caliente TV deal, the move is in line with its overall streaming strategy. Indeed, just last month, the company announced that Fox One, its new subscription streaming service, would debut before the start of the fall football season. The shift comes as Fox sees growing advertiser interest across its platforms—including Fox News, Fox Sports, and Tubi—which helped it surpass revenue expectations in its latest quarterly earnings. Is FOXA Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on FOXA stock based on seven Buys, seven Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average FOXA price target of $57.43 per share implies 5% upside potential.
Fox Sports
10 hours ago
- Sport
- Fox Sports
USA vs. Saudi Arabia live updates, score: U.S. men's team eyes Gold Cup win
Gold Cup Updated: Jun 19, 2025 - 9:33 PM ET The 2025 Concacaf Gold Cup continues on Thursday with the United States men's national team playing Saudi Arabia in a Group D clash in Austin, Texas at 9:15 p.m. ET on Fox. The USMNT started off the Gold Cup with a 5-0 win over Trinidad and Tobago on Sunday, in which Malik Tillman scored twice. Saudi Arabia, who is appearing as an invited team for the tournament, defeated Haiti 1-0 in its opening match. Follow along for the game's best moments and highlights: Live Coverage for this began on 9:30p ET recommended Get more from Gold Cup Follow your favorites to get information about games, news and more
Miami Herald
16 hours ago
- Business
- Miami Herald
Fox buys Mexican sports broadcast platform Caliente TV
June 19 (UPI) -- Fox Corporation on Thursday said it has acquired Mexico's Caliente TV, a sports broadcasting platform. Fox also said it has appointed Carlos Martinez as executive vice president and managing director to oversee Fox broadcasting strategy in Latin America. "Fox's investment to acquire Caliente TV reflects our commitment to building a leading sports streaming business in Mexico with massive audience reach, a robust sports rights portfolio and an impressive roster of exclusive sports leagues and talent," Martinez said in statement. Fox said this deal will lead to development of " a multi-platform business that will include the launch of a new Pay TV channel and an SVOD Platform that will join the existing AVOD platform Tubi, producing and distributing more than 3,000 hours of original sports content." With the Caliente acquisition, Fox now has a premium broadcast rights portfolio that includes 6 Liga MX men's clubs; 10 Liga MX women's clubs; the CONCACAF Champions Cup; the Premier League and the FA Cup; UEFA Champions League; Ligue 1 France; Coppa Italia; the United Football League; Big Ten Conference; World Enduro Championship (WEC) and the NASCAR Mexico Series. Fox said Martinez has over three decades broadcast industry experience in Latin America, including executive roles at Turner, Discovery and Fox. The company said he will oversee operations and strategy for Fox platforms in Mexico and Central America. Copyright 2025 UPI News Corporation. All Rights Reserved.
UPI
17 hours ago
- Business
- UPI
Fox buys Mexican sports broadcast platform Caliente TV
On Thursday, Fox Corporation said it had acquired Mexico's Caliente TV. File Photo by tookapic/Pixabay June 19 (UPI) -- Fox Corporation on Thursday said it has acquired Mexico's Caliente TV, a sports broadcasting platform. Fox also said it has appointed Carlos Martinez as executive vice president and managing director to oversee Fox broadcasting strategy in Latin America. "Fox's investment to acquire Caliente TV reflects our commitment to building a leading sports streaming business in Mexico with massive audience reach, a robust sports rights portfolio and an impressive roster of exclusive sports leagues and talent," Martinez said in statement. Fox said this deal will lead to development of " a multi-platform business that will include the launch of a new Pay TV channel and an SVOD Platform that will join the existing AVOD platform Tubi, producing and distributing more than 3,000 hours of original sports content." With the Caliente acquisition, Fox now has a premium broadcast rights portfolio that includes 6 Liga MX men's clubs; 10 Liga MX women's clubs; the CONCACAF Champions Cup; the Premier League and the FA Cup; UEFA Champions League; Ligue 1 France; Coppa Italia; the United Football League; Big Ten Conference; World Enduro Championship (WEC) and the NASCAR Mexico Series. Fox said Martinez has over three decades broadcast industry experience in Latin America, including executive roles at Turner, Discovery and Fox. The company said he will oversee operations and strategy for Fox platforms in Mexico and Central America.
Yahoo
19 hours ago
- Business
- Yahoo
Trump Lashes Out at Fox News Over Devastating New Poll
Donald Trump slammed a Fox News poll Thursday on Truth Social, accusing the network's pollsters of being 'always wrong and negative.' 'The Crooked FoxNews Polls got the Election WRONG, I won by much more than they said I would, and have been biased against me for years,' Trump wrote, referring to the 2020 election, which Fox correctly said that he lost. 'It's why MAGA HATES FoxNews, even though their anchors are GREAT.' 'I hate FAKE pollsters, one of the Worst, but Fox will never change their discredited pollster!' he added. A Fox News poll released Wednesday shows that a majority of voters disapprove of Trump's job performance by an eight-point margin. The poll, regarded as one of the best in the industry, found that a majority of voters are still feeling pessimistic about the state of the economy. Just Tuesday, the Federal Reserve forecasted higher inflation as business owners and consumers start to feel the impact of the president's sweeping tariffs. On inflation specifically, Trump's job approval is underwater by 30 points, with just 34 percent of voters approving of his performance on the price-level. When it comes to the 'One Big Beautiful Bill Act,' congressional Republicans' sprawling package of tax cuts and health care 'reforms' that the president has put his full weight behind, the poll found Americans oppose the measure by a large margin. According to the poll, nearly three in four independents oppose the measure, as do the vast majority of Democrats. The majority of voters across the spectrum disapprove of the president's job on immigration and foreign policy, as his response to anti-ICE protests in Los Angeles and a collapse in diplomatic negotiations with Iran has dominated headlines.
