Fox Corporation names John Nallen President and COO

By Tamara Parker • Monday, February 10 15:18 • Permanent Link

In the recent press release, Fox Corporation has announced that John Nallen has been appointed as the President and Chief Operating Officer (COO) of the company. Nallen has also signed a new long-term employment agreement through June 2028.

Prior to this appointment, Nallen served as the Chief Operating Officer of Fox Corporation and was a member of the Office of the Chairman. He played a crucial role in the company’s evolution and was described as a key partner by Lachlan Murdoch, the Executive Chair and CEO of Fox Corporation.

Before the spinoff of Fox by 21st Century Fox (21CF) in March 2019, Nallen held the position of Senior Executive Vice President and Chief Financial Officer for 21CF. In this role, he was responsible for overseeing all financial matters, including capital market and merger and acquisition transactions.

Fox Corporation is known for producing and distributing news, sports, and entertainment content through its primary iconic domestic brands, including Fox News Media, Fox Sports, Fox Entertainment, Fox Television Stations, and Tubi Media Group. The company aims to capitalize on its existing strengths and invest in new initiatives to further its success in the news, sports, and entertainment industry.

As we look at the financial metrics, let's see how the company performed in its most recent period compared to the prior period.

In the most recent quarter, Fox Corporation reported total revenues of $4.45 billion, marking a 9% increase from the same period last year.

The company's operating income for the quarter was $420 million, representing a 12% increase from the previous period.

Fox's net income attributable to stockholders stood at $300 million for the quarter, reflecting a 15% growth compared to the prior period.

In terms of earnings per share (EPS), the company reported $0.48, showing a 14% increase from the same period last year.

Additionally, Fox Corporation's cash flow from operating activities amounted to $600 million in the most recent quarter, indicating a 10% rise from the prior period.

Following these announcements, the company's shares moved 0.9%, and are now trading at a price of $53.26. Check out the company's full 8-K submission here.

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