Lachlan Murdoch has for years downplayed the appeal of streaming when it came to a company like his Fox Corp., which remains one of the biggest suppliers of sports, news and entertainment via the industry’s traditional content “pipes” of broadcast and cable TV. Fox in the past poked fun at rivals who asked consumers to […]

Fox Corp.’s board of directors has extended the contract of CEO Lachlan Murdoch through 2030 and also given him a raise in the form of a higher annual bonus and equity award. Starting July 1, according to an SEC filing Thursday, his target annual bonus is rising to $9 million, and his target annual equity […]

The deal will give Fox access to the Roku Channel, first-party data and more than 100 million global streaming households.

Top executives from Fox Corp. and Roku say Fox’s $22 billion acquisition of the streaming giant is a win-win transaction, but Wall Street appears to have reservations. Fox shares fell 18% in the first hour of trading Monday after the deal was announced, a sharper-than-usual haircut for a company making a major acquisition. Roku stock […]