Dernières nouvelles pour Fox (NASDAQ:FOXA) Stock

Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations. Television primarily includes the Fox broadcast network, 29 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay-TV bundle. The Murdoch family controls Fox.

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FOX CL A ORD

The 2024 U.S. presidential election was one of the biggest events of the year, and it showed in the record-breaking livestream <a href="https://www.benzinga.com/news/24/11/41780976/chip-stocks-like-nvidia-broadcom-taiwan-semi-gain-after-trump-win-whats-going-on">viewership across platforms on election day</a>.
What Happened: Streams Charts reported that live streams covering the election generated nearly 84 million hours of watch time &#8211; almost five times more than the viewership for the September debates between Vice President Kamala Harris and President-Elect Donald Trump. 
The dominant platform for election coverage was Alphabet Inc.-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) YouTube, which accounted for over 80% of total watch time across all broadcasts. Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) came in second with 13.1% of viewership.
Peak viewership for political streams on election day hit over 9.14 million viewers, with the average number of viewers approaching 3.5 million. Audience engagement spiked closer to the end of voting and the announcement of results.
While the debates lasted just a few hours, some election day broadcasts ran non-stop from the start of voting until the results were announced.
The most-watched broadcast was Fox Corp.-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) Fox News on YouTube, which peaked at over 1.14 million viewers &#8211; a historic record for the channel. Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) subsidiary NBC News came in second with nearly 616,900 peak viewers.
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Why It Matters: All the top broadcasts were on YouTube, as the platform remains the primary choice for TV networks to stream their content online.
Among individual streamers, commentators Dan Bongino and Steven Crowder on Rumble drew the largest audiences, both setting new personal viewership records. 
Streamer HasanAbi, on Amazon.com Inc.-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Twitch, also marked a historic peak of about 313,400 concurrent viewers on his Election Day coverage.
Throughout the election campaign, Trump consistently outpaced Harris in mentions on Twitch, holding around a 70% share compared to Harris&#8217; 30%. This trend continued on election day, with Trump&#8217;s mentions jumping to 104K versus Harris&#8217; 41.6K.
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</ul>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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YouTube Trumps Rivals In Election Day Coverage With 80% Viewership Share In Streaming

Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) warrants a Buy rating, according to Goldman Sachs analyst Michael Ng.
On Monday, Fox reported <a href="https://www.benzinga.com/news/earnings/24/11/41715564/foxs-q1-earnings-revenue-and-eps-beat-political-ads-tubi-expansion-boosts-growth" target="_blank" rel="noreferrer noopener">fiscal first-quarter 2025</a> revenues of $3.56 billion, up from $3.21 billion a year ago, beating the analyst consensus of $3.37 billion. 
Ng maintains a <a href="https://www.benzinga.com/quote/FOXA/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $46 to $51</a>.
Cable Network Programming reported quarterly segment revenues of $1.6 billion, up by 15%. Television reported quarterly segment revenues of $1.95 billion, up 10%.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/11/41714051/marriott-international-q3-earnings-china-market-weakness-drags-on-performance-adjusts-full-year-out" target="_blank" rel="noreferrer noopener">Marriott International Q3 Earnings: China Market Weakness Drags on Performance, Adjusts Full-Year Outlook</a>
Ng observed that Fox Corp outperformed in the first quarter of fiscal 2025, reporting EBITDA of $1.05 billion, above the expected $874 million consensus. This was driven largely by stronger-than-anticipated results in both its Cable Network Programming segment, which posted an EBITDA of $748 million, and its Television segment, which delivered $372 million.
The analyst attributed the Cable Network's success to operating expense control and Fox News Media's ratings. At the same time, Television gained from higher-than-expected political ad revenues, notably in local stations and the streaming platform Tubi, which grew 19% year-over-year.
He raised Fox's 12-month price target to $51 from $46, reflecting expectations of record political ad revenue for fiscal 2025 as Tubi's ad performance strengthens.
Ng highlighted Tubi's targeted advertising appeal in the FAST (free ad-supported streaming) category. He expects the platform to benefit from continued political ad spending.
Fox Corp anticipates Tubi's revenue to exceed $1 billion in fiscal 2025. That projection aligns with market estimates, underscoring the platform's long-term growth potential as digital ad budgets shift.
Price Action:&nbsp;FOXA stock is up 1.73% at $43.75 at&nbsp;the last check on Tuesday.
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Price Target

Reiteration

Analyst Ratings

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Fox Corp's Political Ad Revenue Surges, Tubi Growth Sparks Analyst Optimism

Guggenheim analyst Michael Morris maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Buy and raises the price target from $45 to $50.

Guggenheim Maintains Buy on Fox, Raises Price Target to $50

TD Cowen analyst Doug Creutz maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Hold and raises the price target from $36 to $42.

TD Cowen Maintains Hold on Fox, Raises Price Target to $42

UBS analyst John Hodulik maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Buy and raises the price target from $44 to $50.

UBS Maintains Buy on Fox, Raises Price Target to $50

Goldman Sachs analyst Michael Ng maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Buy and raises the price target from $46 to $51.

Goldman Sachs Maintains Buy on Fox, Raises Price Target to $51

Macquarie analyst Tim Nollen maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Neutral and maintains $43 price target.

Macquarie Maintains Neutral on Fox, Maintains $43 Price Target

JP Morgan analyst David Karnovsky maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Neutral and raises the price target from $41 to $42.

JP Morgan Maintains Neutral on Fox, Raises Price Target to $42

Wells Fargo analyst Steven Cahall maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Overweight and raises the price target from $46 to $49.

Wells Fargo Maintains Overweight on Fox, Raises Price Target to $49

Deutsche Bank analyst Bryan Kraft maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Buy and raises the price target from $42 to $47.

Deutsche Bank Maintains Buy on Fox, Raises Price Target to $47

Morgan Stanley analyst Benjamin Swinburne maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Equal-Weight and raises the price target from $40 to $42.

Morgan Stanley Maintains Equal-Weight on Fox, Raises Price Target to $42

Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>)&nbsp;reported fiscal first-quarter 2025 revenues of $3.56 billion, up from $3.21 billion a year ago, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41711582/fox-reports-first-quarter-fiscal-2025-revenues-of-3-56-billion-net-income-of-832-million-and-adjus" rel="noreferrer noopener">analyst&nbsp;consensus of $3.37 billion</a>.&nbsp;
Adjusted net income was $672 million, or $1.45 per share, beating the&nbsp;analyst&nbsp;consensus of&nbsp;$1.11.&nbsp;It was&nbsp;up from $537 million or $1.09 per share a year ago. The stock gained after the print.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/11/41710716/exclusive-janover-scores-new-deal-with-real-estate-firm-for-ai-client-engagement-tools" rel="noreferrer noopener">EXCLUSIVE: Janover Scores New Deal With Real Estate Firm For AI Client Engagement Tools</a>
Cable Network Programming reported quarterly segment revenues of&nbsp;$1.60 billion, an increase of&nbsp;15% Y/Y.&nbsp;Television reported quarterly segment revenues of&nbsp;$1.95 billion, an increase of 10% Y/Y.
Affiliate fee revenues increased by 6% to $1.84 billion, driven by 10%&nbsp;growth in the Television and Cable Network Programming segments.&nbsp;
Advertising revenues increased 11% to $1.33 billion, primarily due to higher political advertising revenues at the FOX Television Stations, continued growth at Tubi, higher ratings and higher pricing in the direct response marketplace at FOX News Media, and the impact of the &#8220;Summer of Soccer&#8221; at FOX Sports, including the broadcasts of the UEFA&nbsp;European Championship and CONMEBOL&nbsp;Copa América.
The company reported&nbsp;a quarterly&nbsp;net income of $827&nbsp;million compared to $407 million Y/Y.
In the first quarter, the company bought back about $250M of its Class A common stock and under the current buyback program, about $1.15B remains.
Chair and CEO Lachlan Murdoch highlighted a solid start to fiscal 2025, citing audience growth at FOX News, record political ad revenue, accelerating revenue at Tubi, and a successful fall sports lineup. Murdoch noted that these combined factors drove impressive revenue and earnings growth for the first fiscal quarter.
Bank of America analyst Jessica Reif Ehrlich had said Fox is <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41034849/fox-stock-thrives-on-sports-politics-strategy-analyst-says-it-will-weather-secular-" rel="noreferrer noopener">benefiting from significant sports</a> and political events, including Super Bowl LIX and the 2024 election.
Ehrlich highlighted strong ad growth in Fox&#8217;s news and political segments and nearly sold-out Super Bowl ad slots, with 30-second spots priced at $7 million. The analyst noted Fox&#8217;s resilience in linear TV, driven by sports and news while hinting at potential shifts to streaming due to linear decline.
Fox stock surged over 38% year-to-date.
Price Action: FOXA stock is up 3.87% at $43.50 at&nbsp;the last check on Monday.
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Photo by rafapress on Shutterstock

Earnings

Fox's Q1 Earnings: Revenue And EPS Beat, Political Ads, Tubi Expansion Boosts Growth

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Fox shares are trading higher after the company reported better-than-expected Q1 financial results.

Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) reported quarterly earnings of $1.45 per share which beat the analyst consensus estimate of $1.11 by 30.63 percent. The company reported quarterly sales of $3.56 billion which beat the analyst consensus estimate of $3.37 billion by 5.64 percent. This is a 11.13 percent increase over sales of $3.21 billion the same period last year.

Earnings Beats

Fox Q1 2025 Adj EPS $1.45 Beats $1.11 Estimate, Sales $3.56B Beat $3.37B Estimate

The Los Angeles Dodgers won its eighth World Series title in 2024 with a comeback victory over the New York Yankees in Game 5. While the win could be great for Dodgers fans because it is the team's second title in four years, it could also help predict the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
What Happened: The Dodgers and Yankees — the two most valuable teams in key television markets — having faced off in the 2024 World Series <a href="https://www.benzinga.com/general/sports-betting/24/10/41521768/world-series-yankees-dodgers-showdown-could-boost-fox-betting-odds-how-to-watch-matchup-of">could help</a> the quarterly financial results of Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>). The World Series saw strong <a href="https://sports.yahoo.com/world-series-ratings-dodgers-win-in-game-5-draws-largest-audience-in-7-years-003748091.html">viewership </a>thanks to the matchup and strong interest from Japanese fans thanks to Dodgers star Shohei Ohtani, who is from the country.
Similar to the Dodgers winning two championships in the past four years, the National Football League's (NFL) Kansas City Chiefs have had<a href="https://www.benzinga.com/news/24/02/37062134/kansas-city-chiefs-win-super-bowl-lviii-patrick-mahomes-says-we-are-not-done"> success in recent years</a>. The NFL team has Super Bowl wins in 2020, 2023 and 2024.
The Chiefs&#8217; Super Bowl <a href="https://www.benzinga.com/news/20/02/15233906/mahomes-shines-as-kansas-city-chiefs-clinch-first-super-bowl-title-in-50-years">win in 2020 </a>was its first Super Bowl championship in 50 years and kicked off a run that has the team considered one of the most recent NFL dynasties with three Super Bowl wins in four years.
Taking a look at the stats above, there's something in common, as pointed out by Ally Sammarco on <a href="https://x.com/Ally_Sammarco/status/1851981226892001530">X</a>.
In 2020, the Chiefs won the Super Bowl, the Dodgers won the World Series and Donald Trump lost the presidential election. In 2024, the Chiefs won the Super Bowl, the Dodgers won the World Series and Trump is running for president again, with the outcome to be determined.
Sammarco's post went viral on X with over two million views as the outcomes of the sports championships could be a precursor to the 2024 election and good news for the Democratic Party and Kamala Harris.
With 30 Major League Baseball (MLB) teams and 32 NFL teams, each season there is a 1/30 chance of a team winning the World Series and a 1/32 chance of a team winning the Super Bowl. Add the two outcomes together and there is a 1/960 chance of a specific MLB team and a specific NFL team each winning titles in the same year.
Of course in the case of the Chiefs and Dodgers, the teams have been good in recent years and among the favorites to win championships.
Tuesday's presidential election will determine whether the sports championships helped predict the winner or if the stat will go down only in sports history for the same two teams winning four years later.
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 What's Next: Trump is currently the betting favorite to win the 2024 presidential election, with odds of -182 at BetMGM UK, which is a unit of a joint venture owned by MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain. Harris is the underdog at odds of +150. Trump has a 61.74% implied chance of winning the election based on the odds, with Harris having a 38.26% chance, according to <a href="https://www.actionnetwork.com/politics/2024-presidential-election-odds-and-predictions-what-are-candidates-chances-entering-final-weekend">data </a>from Action Network.
While there won't be a presidential election in 2025, the Dodgers and Chiefs could share in a championship stat again.
The Dodgers, fresh off their 2024 World Series title, are currently the favorites to win the 2025 World Series with odds of +400 at sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), ranking ahead of the Yankees at +700.
The Chiefs, the only unbeaten team in the NFL for the 2024 season with a 7-0 record, are the favorites to win Super Bowl LIX in 2025. The Chiefs have odds of +400, edging out the Detroit Lions who are the next highest with odds of +600.
A Super Bowl win by the Chiefs in 2025 would make the team the first<a href="https://www.benzinga.com/general/entertainment/24/02/37080383/three-peat-super-bowl-lix-odds-kansas-city-chiefs-back-to-back-to-back-payout"> in NFL history</a> to win three consecutive Super Bowls.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports-betting/24/10/41589659/trump-vs-harris-state-by-state-2024-election-betting-odds-which-candidate-is-favored-to-wi">Trump Vs. Harris: State-By-State 2024 Election Betting Odds, Which Candidate Is Favored To Win In Your Community?</a></li>
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Photos: Shutterstock

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Kansas City Chiefs, Los Angeles Dodgers Championships Could Predict 2024 Presidential Election: Here's Who Has The Edge In Trump Vs. Harris

Morgan Stanley analyst Benjamin Swinburne maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Equal-Weight and raises the price target from $38 to $40.

Morgan Stanley Maintains Equal-Weight on Fox, Raises Price Target to $40

The 2024 World Series kicks off Friday and features the two most valuable teams in Major League Baseball. This could benefit media company Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), which is already benefitting from a strong lineup of sports rights and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41034849/fox-stock-thrives-on-sports-politics-strategy-analyst-says-it-will-weather-secular-">the 2024 election.</a>
How to Watch 2024 World Series: The 2024 World Series features the Los Angeles Dodgers and New York Yankees, who finished as the top teams by record in the National League and American League of the 2024 <a href="https://www.benzinga.com/topic/mlb">Major League Baseball </a>season, respectively.
The best-of-seven World Series will air exclusively on Fox, with a start time of 8:08 p.m. ET for each contest. Here is the current game <a href="https://www.mlb.com/press-release/press-release-2024-world-series-broadcast-schedule">schedule</a>:
<ul>
<li>Game 1: Friday, Oct. 25 in Los Angeles</li>
<li>Game 2: Saturday, Oct. 26 in Los Angeles</li>
<li>Game 3: Monday, Oct. 28 in New York</li>
<li>Game 4: Tuesday, Oct. 29 in New York</li>
<li>Game 5 (if necessary): Wednesday, Oct. 30 in New York</li>
<li>Game 6 (if necessary): Friday, Nov. 1 in Los Angeles</li>
<li>Game 7 (if necessary): Saturday, Nov. 2 in Los Angeles</li>
</ul>
Betting Odds: Sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) lists the betting odds favoring the Dodgers at -130 for the first game, predicting a close matchup.
For the series, the Dodgers are favored at odds of -125 and the Yankees are the underdog at odds of +105. The close odds could imply a long series, which would favor Fox as the series could be stretched to five, six or the full seven games.
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Dream Matchup: The matchup between the Los Angeles Dodgers and New York Yankees could be perfect for Major League Baseball, sportsbooks and Fox.
The two teams have faced off in 11 previous World Series, but this is their first matchup since 1981. These two teams have met in the most World Series of any two MLB teams, with the Yankees leading the series matchup 8-3.
According to <a href="https://www.forbes.com/lists/mlb-valuations/">Forbes</a>, the two teams are the most valuable in the MLB, representing two of the most populous cities and major television markets on opposite coasts.
The New York Yankees are valued at $7.55 billion, ranking first, with the Los Angeles Dodgers at $5.45 billion and ranking second.
Compare that to the World Series matchup from last year between the Texas Rangers ($2.4 billion) and Arizona Diamondbacks ($1.43 billion), who rank 12th and 23rd, respectively, by valuation. The Yankees and Dodgers are each more valuable than these two teams combined. The two teams in the same and smaller television markets weren't as beneficial for Fox last season.
The 2024 World Series matchup also features some of the most well-known players in baseball including Aaron Judge for the Yankees and Shohei Ohtani for the Dodgers. With Judge and Ohtani in the World Series, this marks the first time players with 50 home run seasons have faced off against each other in the World Series.
The two teams are 11-11 in their last 22 regular-season series against each other. During the 2024 season, the Dodgers held the advantage, winning two of three games. Historically, however, the Yankees lead with a 48-40 all-time series advantage.
Fox Advantage: With a potential long series and the matchup of the two MLB titans covering the top two television markets, Fox could see a ratings boost.
The MLB matchup caps a successful year for the media company, boosted by strong 2024 NFL viewership for its Sunday afternoon games. The company has also benefitted from solid viewership for presidential debates and other 2024 election coverage, with massive spending on political advertisements in the current election cycle.
A strong World Series viewership and robust NFL ratings could propel Fox into 2025, leading up to its broadcast of Super Bowl LIX on Feb. 9.
FOX Price Action: Fox stock trades at $38.42 versus a 52-week trading range of $25.82 to $39.32. Fox stock is up 36.5% year-to-date in 2024.
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Photo: Elliott Cowand Jr/Shutterstock.com

World Series Yankees, Dodgers Showdown Could Boost Fox: Betting Odds, How To Watch Matchup Of 2 Most Valuable MLB Teams

NFL legend Tom Brady announced his retirement, for a second time, at the end of the 2023 season, which preceded a career transition to <a href="https://www.benzinga.com/general/entertainment/22/05/27116046/tom-brady-has-plans-for-when-he-eventually-retires-join-fox-sports">broadcasting NFL games.</a>
Brady can now add the title of NFL team owner to his long list of accomplishments in the National Football League.
What Happened: After taking a year off from the NFL following his retirement, Brady kicked off his broadcasting deal with Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) in<a href="https://www.benzinga.com/general/entertainment/24/09/40886493/nfl-games-dominate-week-1-ratings-start-week-2-with-a-bang-here-these-companies-might-benef"> the 2024 season.</a>
Brady is now one of the featured broadcasters on Fox's Sunday game lineup.
The former NFL star has been<a href="https://www.benzinga.com/general/sports/23/05/32531906/tom-bradys-next-career-move-rumored-nfl-team-ownership-but-not-the-patriots"> trying to buy a stake</a> in the Las Vegas Raiders, a deal that was officially approved by NFL owners on Tuesday.
Brady now owns a 5% stake in the Raiders, adding to his portfolio of team ownership that includes stakes in the WNBA's Las Vegas Aces, English <a href="https://www.benzinga.com/news/23/08/33552415/from-football-to-futbol-tom-brady-buys-stake-in-this-team-joining-list-of-celebrities-athletes-with">soccer team Birmingham City </a>and a <a href="https://www.benzinga.com/news/22/10/29239115/bill-gates-tom-brady-lebron-james-and-gary-vee-inside-the-explosion-of-the-sport-of-pickleball">pickleball franchise.</a>
"It's great that Tom Brady wants to invest in the NFL," NFL Commissioner Roger Goodell <a href="https://www.nfl.com/news/nfl-owners-approve-tom-brady-s-bid-to-become-limited-partner-of-las-vegas-raiders">said</a>. "He cares deeply about this game. He believes in its future, and I think that's just a signal of that." &nbsp;
Brady shared his excitement after the deal was approved.
"I'm incredibly humbled and excited to have been unanimously approved as an owner of the Las Vegas Raiders. Throughout my career, I've learned that at its core, football is a game of teamwork, resilience, and a relentless pursuit of excellence. The Raiders franchise, and the city of Las Vegas embody these same values, and I'm honored to become part of that story," Brady said.
Brady&#8217;s interest in acquiring a stake in the Raiders was reported last year, tied to his connections with the team. His former New England Patriots offensive coordinator Josh McDaniels was the team's head coach, and his former backup quarterback Jimmy Garoppolo was the team's starting quarterback. Neither McDaniels or Garoppolo is still with the Raiders.
Before Raiders fans get excited that this means Brady could come out of retirement to play quarterback for the team he now has a financial stake in, this is one of many things not allowed by the league. Brady would not be able to play for an NFL team and keep his ownership stake.
Brady will also have to follow several rules related to owning an NFL team and being a broadcaster for league partner Fox.
The rules include:
<ul>
<li>Not permitted to attend in-person or online broadcast production meetings</li>
<li>Can not access team facilities, players or coaches</li>
<li>Can not publicly criticize officials</li>
<li>Can not publicly criticize other NFL teams</li>
</ul>
"Let me just say on the media side, Tom's been abiding by the issues that we raised through the committee voluntarily since he began his broadcasting. That's all been resolved," Goodell said.
Other Fox broadcasters do not have to abide by the same rules. Brady will be allowed to broadcast Raiders games to which Fox has the rights.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/22/09/28840177/23-things-that-didnt-exist-when-tom-brady-entered-the-nfl-tesla-bitcoin-iphones-social-m-1">23 Things That Didn&#8217;t Exist When Tom Brady Entered The NFL: Tesla, Bitcoin, iPhones, Social Media And More</a>
Why It's Important: News of Brady's ownership stake and the media limitations come as Fox and other media partners are seeing viewership of NFL games up year-over-year to start the 2024 NFL season.
Fox holds the rights to Sunday games, featuring multiple matchups in the 1 p.m. ET window, including a nationally televised game. The network also alternates airing a second nationally broadcast game in the 4 p.m. ET window, rotating with CBS for the doubleheader of national games every other week.
Brady's first NFL regular season game in the broadcast booth was the Week 1 matchup between the Dallas Cowboys and Cleveland Browns, which had an average of 23.9 million viewers.
Anyone who watches an NFL game frequently hears commentators mention their conversations with players, coaches, and owners earlier in the week, or reference plays they observed during team practices.
Brady will not be able to do any of these team activities, which can help fill dead space during the broadcast or link a play performed in the game to a play at practice or a coach&#8217;s comment.
The big question is whether Fox and its fans will care or notice.
Fox is paying Brady a reported $375 million over the 10-year broadcasting contract, making him one of the highest-paid sportscasters. Fox was said to have given their blessing on Brady's ownership stake in the Raiders. Time will tell if being an owner and a well-loved broadcaster can mix.
It's a big year for Fox in terms of NFL rights, with the media network having the rights to Super Bowl LIX in 2025.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/05/38625265/heres-how-much-a-super-bowl-lix-commercial-will-cost-how-fox-corporation-stock-could-benefi">Here&#8217;s How Much A Super Bowl LIX Commercial Will Cost, How Fox Corporation Stock Could Benefit</a></li>
</ul>
Photo: Shutterstock

Tom Brady Becomes NFL Team Owner — But Could It Impact His Fox Broadcasting Deal?

Vice President Harris' First FOX News Sit-Down Interview To Take Place in Pennsylvania
FOX News Channel's (FNC) chief political anchor Bret Baier will conduct an interview with Democratic presidential candidate Vice President Kamala Harris in the battleground state of Pennsylvania on Wednesday, October 16th. This week's appearance marks her first formal sit-down interview on the network ever and will air during Special Report with Bret Baier at 6 PM/ET on October 16th. Baier will be anchoring Special Report from Pennsylvania that evening.

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FOX News Channel's Bret Baier To Conduct Interview With Vice President Kamala Harris On Special Report This Wednesday, October 16, 2024

The odds of another presidential debate between Donald Trump and Kamala Harris continue to shrink ahead of the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
What Happened: Despite strong interest from voters and high viewership for two earlier debates, Trump has consistently turned down <a href="https://www.benzinga.com/general/politics/24/07/39967679/trump-vs-harris-fox-news-proposes-another-2024-presidential-debate-how-media-company-could-be-bi">proposals from media companies</a> seeking to arrange additional debates.
Fox News, which is owned by Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) and CNN, which is owned by Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), both pitched Harris and Trump on another presidential debate.
As he has in recent weeks, Trump shot down the requests.
"THERE WILL BE NO REMATCH!" Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/113280012893235480">posted </a>on his Truth Social account.
The former president said in the post he won the last two debates, despite most polls showing Harris as the winner of a Sept. 10 debate hosted by ABC.
"I am also leading in the polls, with the lead getting bigger by the day – and leading in all swing states," Trump added, also in all caps.
Using an analogy he has used before, Trump said that prizefighters demand rematches after they lose a fight, suggesting this is why Harris is ready to debate him again.
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent101024">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: While another presidential debate is unlikely, Harris has ramped up her appearances <a href="https://www.benzinga.com/general/entertainment/24/10/41214476/will-kamala-harriss-media-blitz-including-60-minutes-and-call-her-daddy-improve-her-2024-el">in a media blitz</a> that included podcasts, live television and more. 
The vice president also agreed to participate in a town hall with CNN on Oct. 23, as <a href="https://www.politico.com/news/2024/10/10/kamala-harris-cnn-town-hall-00183249">reported </a>by Politico. The cable news network has also extended an invitation to Trump for a town hall.
"Trump may want to hide from the voters, but Vice President Harris welcomes the opportunity to share her vision for a New Way Forward for the country. She is happy to accept CNN's invitation for a live, televised town hall on October 23 in Pennsylvania," Harris campaign chair Jen O'Malley Dillon said in a statement.
O'Malley Dillon said Trump's refusal to do another debate "is a disservice to the American people."
The presidential debate between Harris and Trump, hosted by ABC,<a href="https://www.benzinga.com/general/entertainment/24/09/40840076/trump-vs-harris-presidential-debate-viewership-tops-trump-biden-total-but-falls-short-of-re" target="_blank" rel="noopener"> was watched by</a> 67.1 million people. An earlier June debate between Trump and President Joe Biden was watched by 51.3 million people. While these figures are down from some record-setting debates in the 2016 and 2020 elections, the high viewership means strong advertising revenue opportunities for media networks.
While Fox has not hosted a presidential debate in this election cycle, the media company saw strong viewership: 9.1 million on Fox News, 4.9 million on Fox for the debate between Trump and Harris, 8.82 million viewers on Fox News, and 3.48 million viewers on Fox for the June debate between Trump and Biden.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/10/41258083/harris-drinks-a-miller-high-life-on-the-late-show-labels-trump-loser-criticizes-ties-to-putin-he">Harris Drinks A Miller High Life On &#8216;The Late Show,&#8217; Labels Trump Loser, Criticizes Ties To Putin: &#8216;He Openly Admires Dictators And Authoritarians&#8217;</a></li>
</ul>
Photo: Shutterstock

Entertainment

Trump Rejects Debate Offers From Fox, CNN As Harris Agrees To Town Hall: 'There Will Be No Rematch'

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