Tag: Fox News

  • US polls: TV channels, social media & streaming – all broke their own viewership records

    US polls: TV channels, social media & streaming – all broke their own viewership records

    MUMBAI: It’s an example of how significant is television when it comes to national and international events. In what was one of the most surprising US election results in history, Donald Trump defeated Hillary Clinton to become the 45th president of the United States. Tuesday was the most-watched night in the US in both CNN and Fox News’ histories.

    Around 72 million Americans watched the poll results on broadcast or cable television during primetime, according to TV viewership agency Nielsen. This year’s tight race has been good for ratings all fall, delivering an average audience of 74 million for the presidential debates, including a record-setting 84 million for Trump’s first faceoff with Hillary Clinton.

    Considered by many poll and media pundits to have had no chance at victory, Trump’s message of political change and fighting for the masses resonated with more than 58 million Americans. It’s clear that the social media played a crucial part in Trump’s rise to power. The actual part that media played in the process will be debated for years, but it’s interesting to look at the basic outline of what the new media landscape means for the electoral process and how it played out across the various platforms.

    On the election night, The Young Turks – targeted at those who consume content on digital – broke records with 4.5 million views, according to Tubefilter. On 8 November, the news channel had a big night; across three separate live streams — on YouTube, Facebook, and Twitter — it drew more than 4.5 million total hits, breaking its own viewership record.

    The television number — 72 million — includes CBS, NBC, ABC, Fox, Univision, Telemundo, MSNBC, Fox Business Network, CNN, Fox News, CNBC and TV One but does not include PBS. This number compares well with with a similar number of Americans who witnessed Barack Obama become the first African-American person elected as the president in 2008, according to Nielsen tally of 14 networks’ viewership.

    Election night was an apt conclusion to a campaign that intrigued television viewers for over a year. Two of the three most-watched presidential debates in history were between Trump and Clinton. Trump’s proven value as a ratings-grabber led to cable networks giving what some critics regarded as an inordinate amount of attention to his appearances as his campaign was first catching on.

    Excluding PBS, Nielsen’s final count for 2016 included viewership on Lifetime’s live “The View” special. The average audience for the 2012 election was 66.8 million when viewing across 13 networks was tallied by Nielsen.

    All networks’ coverage except Fox broadcasting continued into the small hours. The Democrat nominee Hillary Clinton did not concede to the Republican nominee until after 2am EST, and Trump did not gave his victory speech till 3am.

    CNN had the biggest night of all the networks in primetime, drawing an average audience of 13.26 million from 8-11 pm EST. Fox News followed with 12.11 million total viewers. MSNBC came in third in the cable race with 5.95 million. The same pecking order followed in the coveted-by-news-advertisers 25-54 demographic: CNN had 6.66 million viewers in that demo, Fox News had 4.64 million, and MSNBC had 2.37 million.

    In coverage from 7pm–3am, the numbers were slightly different. Fox News drew the biggest total audience in that time-frame, with 12.2 million viewers. CNN came in with an average audience of 11.17 million during that time, and MSNBC had an audience of 5.2 million. CNN did still lead in the 25-54 demo, though, with 5.65 million to Fox News’ 4.76 million. (MSNBC brought in 2.13 million viewers in the 25-54 demo in that period.)

    However, viewers did begin tuning out after seeing several key swing states called, and by the time the 2 a.m. hour rolled around, viewership on the three big cable nets was at 19.1 million. Fox News had the most, with 9.78 million. CNN followed with 6.45 million, with MSNBC coming in at 2.86 million.

    Another 38.67 million watched the election results come in on one of the broadcast networks. That number, from Nielsen’s final primetime ratings, includes ABC, CBS, NBC, Fox (from 8-10 p.m.), Univision and Telemundo. ABC had an average audience of 9.23 million viewers. CBS pulled in 8.09 million. Fox’s two hours of results coverage drew 4.28 million. NBC had the largest total audience, 11.15 million. Telemundo averaged 2.02 million.

    These ratings don’t include viewers who streamed election night coverage.

    Here’s how the broadcast networks’ election coverage ranked in total viewership:

    CNN 13.26 million
    Fox News 12.11 million
    NBC 11.97 million
    ABC 9.68 million
    CBS 8.8 million
    MSNBC 5.95 million
    Fox 4.27 million
    Univision 3.89 million
    Telemundo 2.16 million
    Fox Business Network 1.07 million
    CNBC 319,000

    Social media too was inundated on election night and through the campaign. According to available data, 75 million tweets were sent out on #electionnight up to the time Trump came and made his winning address – more than double the previous day stats of 31 million done in 2012. Overall, through the campaign since the primary debates began in August last year more than a billion election-related tweets were generated, according to social media today. Facebook traffic increased by 30 per cent during this period.

    And lo and behold one fact that has emerged according to research from the University of Southern California is the use of bots on social media by the two camps, (though Trump used them more) according to Social Media Today. According to the research, millions of election-related tweets were posted by more than 400,000 social bots during the campaign. The USC research also found that many of these shared highly positive messages about either candidate, which may actually have influenced voter outcomes by creating “the false impression that there’s grassroots, positive, sustained support for a certain candidate”. So while bot traffic no doubt contributed to the overall share of voice stats, it may actually have been beneficial, even if it was coming non-human operators.

  • US polls: TV channels, social media & streaming – all broke their own viewership records

    US polls: TV channels, social media & streaming – all broke their own viewership records

    MUMBAI: It’s an example of how significant is television when it comes to national and international events. In what was one of the most surprising US election results in history, Donald Trump defeated Hillary Clinton to become the 45th president of the United States. Tuesday was the most-watched night in the US in both CNN and Fox News’ histories.

    Around 72 million Americans watched the poll results on broadcast or cable television during primetime, according to TV viewership agency Nielsen. This year’s tight race has been good for ratings all fall, delivering an average audience of 74 million for the presidential debates, including a record-setting 84 million for Trump’s first faceoff with Hillary Clinton.

    Considered by many poll and media pundits to have had no chance at victory, Trump’s message of political change and fighting for the masses resonated with more than 58 million Americans. It’s clear that the social media played a crucial part in Trump’s rise to power. The actual part that media played in the process will be debated for years, but it’s interesting to look at the basic outline of what the new media landscape means for the electoral process and how it played out across the various platforms.

    On the election night, The Young Turks – targeted at those who consume content on digital – broke records with 4.5 million views, according to Tubefilter. On 8 November, the news channel had a big night; across three separate live streams — on YouTube, Facebook, and Twitter — it drew more than 4.5 million total hits, breaking its own viewership record.

    The television number — 72 million — includes CBS, NBC, ABC, Fox, Univision, Telemundo, MSNBC, Fox Business Network, CNN, Fox News, CNBC and TV One but does not include PBS. This number compares well with with a similar number of Americans who witnessed Barack Obama become the first African-American person elected as the president in 2008, according to Nielsen tally of 14 networks’ viewership.

    Election night was an apt conclusion to a campaign that intrigued television viewers for over a year. Two of the three most-watched presidential debates in history were between Trump and Clinton. Trump’s proven value as a ratings-grabber led to cable networks giving what some critics regarded as an inordinate amount of attention to his appearances as his campaign was first catching on.

    Excluding PBS, Nielsen’s final count for 2016 included viewership on Lifetime’s live “The View” special. The average audience for the 2012 election was 66.8 million when viewing across 13 networks was tallied by Nielsen.

    All networks’ coverage except Fox broadcasting continued into the small hours. The Democrat nominee Hillary Clinton did not concede to the Republican nominee until after 2am EST, and Trump did not gave his victory speech till 3am.

    CNN had the biggest night of all the networks in primetime, drawing an average audience of 13.26 million from 8-11 pm EST. Fox News followed with 12.11 million total viewers. MSNBC came in third in the cable race with 5.95 million. The same pecking order followed in the coveted-by-news-advertisers 25-54 demographic: CNN had 6.66 million viewers in that demo, Fox News had 4.64 million, and MSNBC had 2.37 million.

    In coverage from 7pm–3am, the numbers were slightly different. Fox News drew the biggest total audience in that time-frame, with 12.2 million viewers. CNN came in with an average audience of 11.17 million during that time, and MSNBC had an audience of 5.2 million. CNN did still lead in the 25-54 demo, though, with 5.65 million to Fox News’ 4.76 million. (MSNBC brought in 2.13 million viewers in the 25-54 demo in that period.)

    However, viewers did begin tuning out after seeing several key swing states called, and by the time the 2 a.m. hour rolled around, viewership on the three big cable nets was at 19.1 million. Fox News had the most, with 9.78 million. CNN followed with 6.45 million, with MSNBC coming in at 2.86 million.

    Another 38.67 million watched the election results come in on one of the broadcast networks. That number, from Nielsen’s final primetime ratings, includes ABC, CBS, NBC, Fox (from 8-10 p.m.), Univision and Telemundo. ABC had an average audience of 9.23 million viewers. CBS pulled in 8.09 million. Fox’s two hours of results coverage drew 4.28 million. NBC had the largest total audience, 11.15 million. Telemundo averaged 2.02 million.

    These ratings don’t include viewers who streamed election night coverage.

    Here’s how the broadcast networks’ election coverage ranked in total viewership:

    CNN 13.26 million
    Fox News 12.11 million
    NBC 11.97 million
    ABC 9.68 million
    CBS 8.8 million
    MSNBC 5.95 million
    Fox 4.27 million
    Univision 3.89 million
    Telemundo 2.16 million
    Fox Business Network 1.07 million
    CNBC 319,000

    Social media too was inundated on election night and through the campaign. According to available data, 75 million tweets were sent out on #electionnight up to the time Trump came and made his winning address – more than double the previous day stats of 31 million done in 2012. Overall, through the campaign since the primary debates began in August last year more than a billion election-related tweets were generated, according to social media today. Facebook traffic increased by 30 per cent during this period.

    And lo and behold one fact that has emerged according to research from the University of Southern California is the use of bots on social media by the two camps, (though Trump used them more) according to Social Media Today. According to the research, millions of election-related tweets were posted by more than 400,000 social bots during the campaign. The USC research also found that many of these shared highly positive messages about either candidate, which may actually have influenced voter outcomes by creating “the false impression that there’s grassroots, positive, sustained support for a certain candidate”. So while bot traffic no doubt contributed to the overall share of voice stats, it may actually have been beneficial, even if it was coming non-human operators.

  • Fox News appoints new execs; no mention of junior Murdochs

    Fox News appoints new execs; no mention of junior Murdochs

    MUMBAI: After the exit of Roger Alies as the head of Fox News, 21st Century Fox executive chairman Rupert Murdoch has named Jake Abernethy and Bill Shine as co-presidents of Fox News. The two executives will report to Murdoch.

    Abernethy comes from the less dramatic and political corner of the empire, Fox’s network of local stations. He will oversee more of the business end now. Shine, earlier senior executive VP of programming for Fox News, will now focus on programming and editorial matters.

    It has also come to our knowledge that Suzanne Scott has been promoted as executive vice president of programming and development for the network. She will continue to report to Shine. Fox News’ long-time chief financial officer Mark Kranz is retiring.

    “Over his 19 years with Fox News, Mark Kranz was instrumental in increasing profitability across all of our key properties,” Murdoch said in a statement. “We are grateful for his many contributions to the company and we extend our best wishes to him as he embarks on a new chapter.”

    Jay Wallace will continue to manage the news division as the executive vice president of news editorial. He will now report to Shine.

    Both executives had previously reported to Ailes, and both had been widely speculated to be among the top internal contenders to replace Ailes.

    “Jack was integral to the launch and success of Fox News nearly 20 years ago and we’re delighted he’s returning to take on this additional role,” Murdoch said in a statement. “As we continue to benefit from his strong leadership of Fox Television Stations, his strategic vision and deep knowledge of the cable news business will ensure continued growth of Fox News and Fox Business Network for generations to come.”

    He added, “Bill Shine has developed and produced a signature primetime that has dominated the cable news landscape for 14 of his 20 years with Fox News. His leadership and keen eye for programming has played a fundamental role in the success of both, Fox News and Fox Business Network.”

    The announcement of Shine and Abernethy’s promotion makes no mention of Murdoch’s sons, James Murdoch and Lachlan Murdoch. The elder Murdoch has been running Fox News on an interim basis since Ailes’ departure last month.

  • Fox News appoints new execs; no mention of junior Murdochs

    Fox News appoints new execs; no mention of junior Murdochs

    MUMBAI: After the exit of Roger Alies as the head of Fox News, 21st Century Fox executive chairman Rupert Murdoch has named Jake Abernethy and Bill Shine as co-presidents of Fox News. The two executives will report to Murdoch.

    Abernethy comes from the less dramatic and political corner of the empire, Fox’s network of local stations. He will oversee more of the business end now. Shine, earlier senior executive VP of programming for Fox News, will now focus on programming and editorial matters.

    It has also come to our knowledge that Suzanne Scott has been promoted as executive vice president of programming and development for the network. She will continue to report to Shine. Fox News’ long-time chief financial officer Mark Kranz is retiring.

    “Over his 19 years with Fox News, Mark Kranz was instrumental in increasing profitability across all of our key properties,” Murdoch said in a statement. “We are grateful for his many contributions to the company and we extend our best wishes to him as he embarks on a new chapter.”

    Jay Wallace will continue to manage the news division as the executive vice president of news editorial. He will now report to Shine.

    Both executives had previously reported to Ailes, and both had been widely speculated to be among the top internal contenders to replace Ailes.

    “Jack was integral to the launch and success of Fox News nearly 20 years ago and we’re delighted he’s returning to take on this additional role,” Murdoch said in a statement. “As we continue to benefit from his strong leadership of Fox Television Stations, his strategic vision and deep knowledge of the cable news business will ensure continued growth of Fox News and Fox Business Network for generations to come.”

    He added, “Bill Shine has developed and produced a signature primetime that has dominated the cable news landscape for 14 of his 20 years with Fox News. His leadership and keen eye for programming has played a fundamental role in the success of both, Fox News and Fox Business Network.”

    The announcement of Shine and Abernethy’s promotion makes no mention of Murdoch’s sons, James Murdoch and Lachlan Murdoch. The elder Murdoch has been running Fox News on an interim basis since Ailes’ departure last month.

  • Roger Ailes steps down as Fox News chairman & CEO

    Roger Ailes steps down as Fox News chairman & CEO

    MUMBAI: The Murdoch family-promoted 21st Century Fox has announced Roger Ailes has stepped down as chairman and CEO of Fox News and resigned from Fox Business Network and Fox Television Stations, effective immediately.

    Rupert Murdoch, Executive Chairman of 21st Century Fox, will assume the role of Chairman and acting CEO of Fox News Channel and Fox Business Network.

    It’s a stunning fall for Ailes, a long time political operative and Murdoch ally, who is credited with building Fox News and leading the cable channel to ratings dominance.

    In a statement released to the media last week, Rupert Murdoch said: “I am personally committed to ensuring that Fox News remains a distinctive, powerful voice. Our nation (the US) needs a robust Fox News to resonate from every corner of the country.”

    Murdoch will be assisted in running the Fox businesses by existing management team under Bill Shine, Jay Wallace and Mark Kranz.
    Ailes, 76, was in the eye of the storm having been accused of sexual harassment in a lawsuit filed earlier this month by former Fox News host Gretchen Carlson.

    Though Ailes has vigorously denied Carlson’s claims, Fox News launched an internal investigation. The developments, critics and media observers claim, was a result of public and political pressure and perception.

    “Roger Ailes has made a remarkable contribution to our company and our country. Roger shared my vision of a great and independent television organization and executed it brilliantly over 20 great years,” the company statement quoted Murdoch as saying.

    In a letter to Murdoch, released by a publicist, Ailes said, “I am proud of our accomplishments and look forward to continuing to work with you as an adviser in building 21st Century Fox.”

    “We join our father in recognizing Roger’s remarkable contributions to our company,” a joint statement from Murdoch’s two sons, Lachlan and James, said. The sons are in charge in charge of Fox News.
    Ailes began his television career in the early 1960s as a producer at The Mike Douglas Show in Cleveland, and went onto serve as media consultant for several Republican presidents, including Richard Nixon and Ronald Reagan.

    “I take particular pride in the role that I have played advancing the careers of the many women I have promoted to executive and on-air positions,” Ailes wrote in the letter to Murdoch, adding that many of these talented journalists have deservedly become household names known for their intelligence and strength whether reporting the news, fair and balanced, and offering exciting opinions on opinion programmes.

    In his defence, Ailes further stated in the letter that Fox News has become No. 1 in all of cable because he “identified and promoted the most talented men and women in television, and they performed at the highest levels.”

    In 1996, Murdoch, seeing a market for a conservative cable news outlet, hired Ailes to create Fox News. And Ailes moulded the network to run like a political campaign operation with primetime shows that were unabashedly conservative and hosts who openly espoused Republican talking points.

    The network eventually unseated CNN as the highest rated cable news network and became one of the most popular cable networks of all genres, reaching more than 90 million households.

    “It is always difficult to create a channel or a publication from the ground up and against seemingly entrenched monopolies,” Murdoch Sr. said, adding, “To lead a flourishing news channel, and to build Fox Business, Roger has defied the odds.”

  • Roger Ailes steps down as Fox News chairman & CEO

    Roger Ailes steps down as Fox News chairman & CEO

    MUMBAI: The Murdoch family-promoted 21st Century Fox has announced Roger Ailes has stepped down as chairman and CEO of Fox News and resigned from Fox Business Network and Fox Television Stations, effective immediately.

    Rupert Murdoch, Executive Chairman of 21st Century Fox, will assume the role of Chairman and acting CEO of Fox News Channel and Fox Business Network.

    It’s a stunning fall for Ailes, a long time political operative and Murdoch ally, who is credited with building Fox News and leading the cable channel to ratings dominance.

    In a statement released to the media last week, Rupert Murdoch said: “I am personally committed to ensuring that Fox News remains a distinctive, powerful voice. Our nation (the US) needs a robust Fox News to resonate from every corner of the country.”

    Murdoch will be assisted in running the Fox businesses by existing management team under Bill Shine, Jay Wallace and Mark Kranz.
    Ailes, 76, was in the eye of the storm having been accused of sexual harassment in a lawsuit filed earlier this month by former Fox News host Gretchen Carlson.

    Though Ailes has vigorously denied Carlson’s claims, Fox News launched an internal investigation. The developments, critics and media observers claim, was a result of public and political pressure and perception.

    “Roger Ailes has made a remarkable contribution to our company and our country. Roger shared my vision of a great and independent television organization and executed it brilliantly over 20 great years,” the company statement quoted Murdoch as saying.

    In a letter to Murdoch, released by a publicist, Ailes said, “I am proud of our accomplishments and look forward to continuing to work with you as an adviser in building 21st Century Fox.”

    “We join our father in recognizing Roger’s remarkable contributions to our company,” a joint statement from Murdoch’s two sons, Lachlan and James, said. The sons are in charge in charge of Fox News.
    Ailes began his television career in the early 1960s as a producer at The Mike Douglas Show in Cleveland, and went onto serve as media consultant for several Republican presidents, including Richard Nixon and Ronald Reagan.

    “I take particular pride in the role that I have played advancing the careers of the many women I have promoted to executive and on-air positions,” Ailes wrote in the letter to Murdoch, adding that many of these talented journalists have deservedly become household names known for their intelligence and strength whether reporting the news, fair and balanced, and offering exciting opinions on opinion programmes.

    In his defence, Ailes further stated in the letter that Fox News has become No. 1 in all of cable because he “identified and promoted the most talented men and women in television, and they performed at the highest levels.”

    In 1996, Murdoch, seeing a market for a conservative cable news outlet, hired Ailes to create Fox News. And Ailes moulded the network to run like a political campaign operation with primetime shows that were unabashedly conservative and hosts who openly espoused Republican talking points.

    The network eventually unseated CNN as the highest rated cable news network and became one of the most popular cable networks of all genres, reaching more than 90 million households.

    “It is always difficult to create a channel or a publication from the ground up and against seemingly entrenched monopolies,” Murdoch Sr. said, adding, “To lead a flourishing news channel, and to build Fox Business, Roger has defied the odds.”

  • Q3-16: Affiliate & Advertising revenues prop 21st Century Fox revenue 5.7 percent

    Q3-16: Affiliate & Advertising revenues prop 21st Century Fox revenue 5.7 percent

    BENGALURU:  Rupert Murdoch’s Twenty-First Century Fox Inc. ( 21st Century Fox) reported 5.7 percent year-on-year (y-o-y) growth in adjusted total revenue (revenue) for its third quarter ended 31 March 2016 (Q3-16, current quarter). 21st Century Fox reported revenue of $7,228 million in the current quarter as compared to $6,840 million in the corresponding year ago quarter. This revenue growth reflects higher affiliate and advertising revenues at both the Cable Network Programming and Television segments partially offset by lower television production revenues at the Filmed Entertainment segment. The adverse impact of foreign exchange rates in the current quarter impacted revenue growth by $204 million, or 3 percent in total.

    Affiliates fees in Q3-16 increased 7.3 percent y-o-y to $2,939 million as compared to $2,740 million. Advertising revenue in the current quarter increased 3.6 percent to $1,907 million as compared to $1,840 million in the corresponding year ago quarter. Content revenue in Q3-16 increased 4.5 percent y-o-y to $2,288 million to $2,189 million. ‘Other’ revenue in Q3-16 increased 32.4 percent y-o-y to $94 million from $71 million.

    Quarterly total segment operating income before depreciation and amortization (OIBDA) of $1,881 million increased $204 million, or 12.2 percent, from the $1,677 million of quarterly OIBDA reported in the prior year. The increase principally reflects double digit OIBDA growth at each of the company’s Filmed Entertainment and Cable Network Programming segments partially offset by lower contributions from the Television segment. The adverse impact of foreign exchange rates impacted OIBDA growth by $110 million, or 7 percent.

    21st Century Fox reported quarterly income from continuing operations attributable to stockholders of $844 million ($0.44 per share), compared with $990 million ($0.47 per share) in the prior year. Excluding the net income effects of Other, net and gains and other adjustments related to Sky plc and Endemol Shine Group included in equity losses from affiliates, adjusted quarterly earnings per share from continuing operations attributable to stockholders was $0.47 compared with the adjusted year-ago result of $0.42.

    21st Century Fox executive chairmen Rupert and Lachlan Murdoch said: “We delivered significant revenue and earnings growth in the quarter on the strength of gains in affiliate and advertising revenues across our domestic and international cable portfolios as well as at our television segment. Whether it was Fox News outranking all of basic cable for the first time, FX delivering the year’s most watched new cable show with The People v. O.J. Simpson: American Crime Story, or Star Sports remaking televised sports in India, the unique appeal of our industry leading brands and premium content has never been clearer. This strength extended to our film studio, which broke global box office records and expanded a global franchise with Deadpool, while delivering its second strongest quarterly earnings ever. The demonstrated value of our brands and our outstanding creative content will drive our businesses forward in both the existing and evolving media marketplace.”

    Cable Networking Programming (CNP)

    CNP revenue in Q3-16 increased 9.8 percent y-o-y to $3,941 million as compared to $3,590 million. Cable Network Programming quarterly segment OIBDA increased 11.5 percent to $1,375 million driven by a 10 percent revenue increase on higher affiliate revenues and low double digit advertising revenue growth, partially offset by a 9 percent increase in expenses.

    Domestic affiliate revenue increased 7 percent reflecting sustained growth at FX Networks and FS1. Domestic advertising revenue grew 17 percent over the corresponding prior year quarter reflecting higher ratings and pricing at Fox News and a higher number of National Basketball Association games played in the current quarter at the Regional Sports Networks as well as the impact from the consolidation of the National Geographic non-channels businesses. Domestic OIBDA contributions increased 7 percent over the Q3-15 led by higher contributions from FS1, Fox News and FX Networks.

    International affiliate revenue increased 6 percent driven by strong local currency growth at the Star India and Fox Networks Group International (FNG International) channels, formally known as Fox International Channels, or FIC, which was partially offset by a negative 14 percent impact from the strengthened US dollar. International advertising revenue increased 6 percent as local currency growth at the Star India and FNG International entertainment channels was partially offset by a negative 11 percent impact from the strengthened US dollar. Quarterly OIBDA at the international cable channels increased 67 percent reflecting strong growth at the Star India channels due to both higher affiliate and advertising revenues at the entertainment channels and lower rights costs at the sports channels due to the absence of the prior year broadcast of the ICC Cricket World Cup.

    Television

    Television revenue increased 5 percent y-o-y in Q3-16 to $1,298 million from $1,237 million in Q3-15. Television generated quarterly segment OIBDA in Q3-16 of $125 million, a $16 million decrease from the $141 million reported in Q3-15. Quarterly segment revenues were 5 percent higher than in Q1-15 due to strong retransmission consent revenue growth and higher advertising revenues led by higher political spending at the TV stations. The decrease in segment OIBDA was driven by higher contractual sports programming costs at the Fox Broadcast Network that more than offset the higher revenues.

    Filmed Entertainment

    Filmed Entertainment segment reported a 2.8 percent y-o-y decline in revenue to $2,321 million in Q3-16 as compared to $2,389 million in Q1-15. Filmed Entertainment generated quarterly segment OIBDA of $470 million, an increase of $88 million, or 23 percent, from the $382 million reported in the same period a year-ago. The OIBDA increase was driven by higher contributions from the film studio, led by the record-breaking worldwide theatrical release of Deadpool, which has grossed over $760 million in worldwide box office to date and is the top grossing R-rated movie ever, partially offset by lower television production results reflecting the absence of the network delivery of Glee, which aired its final season on the Fox Broadcast Network last year. Q3-16 segment revenues decreased primarily reflecting lower worldwide home entertainment and television production revenues and a 3 percent negative impact from foreign exchange rate fluctuations, partially offset by higher worldwide theatrical revenues, led by the theatrical release of Deadpool. Foreign exchange fluctuations adversely impacted segment OIBDA growth by 13 percent.

     

  • Q3-16: Affiliate & Advertising revenues prop 21st Century Fox revenue 5.7 percent

    Q3-16: Affiliate & Advertising revenues prop 21st Century Fox revenue 5.7 percent

    BENGALURU:  Rupert Murdoch’s Twenty-First Century Fox Inc. ( 21st Century Fox) reported 5.7 percent year-on-year (y-o-y) growth in adjusted total revenue (revenue) for its third quarter ended 31 March 2016 (Q3-16, current quarter). 21st Century Fox reported revenue of $7,228 million in the current quarter as compared to $6,840 million in the corresponding year ago quarter. This revenue growth reflects higher affiliate and advertising revenues at both the Cable Network Programming and Television segments partially offset by lower television production revenues at the Filmed Entertainment segment. The adverse impact of foreign exchange rates in the current quarter impacted revenue growth by $204 million, or 3 percent in total.

    Affiliates fees in Q3-16 increased 7.3 percent y-o-y to $2,939 million as compared to $2,740 million. Advertising revenue in the current quarter increased 3.6 percent to $1,907 million as compared to $1,840 million in the corresponding year ago quarter. Content revenue in Q3-16 increased 4.5 percent y-o-y to $2,288 million to $2,189 million. ‘Other’ revenue in Q3-16 increased 32.4 percent y-o-y to $94 million from $71 million.

    Quarterly total segment operating income before depreciation and amortization (OIBDA) of $1,881 million increased $204 million, or 12.2 percent, from the $1,677 million of quarterly OIBDA reported in the prior year. The increase principally reflects double digit OIBDA growth at each of the company’s Filmed Entertainment and Cable Network Programming segments partially offset by lower contributions from the Television segment. The adverse impact of foreign exchange rates impacted OIBDA growth by $110 million, or 7 percent.

    21st Century Fox reported quarterly income from continuing operations attributable to stockholders of $844 million ($0.44 per share), compared with $990 million ($0.47 per share) in the prior year. Excluding the net income effects of Other, net and gains and other adjustments related to Sky plc and Endemol Shine Group included in equity losses from affiliates, adjusted quarterly earnings per share from continuing operations attributable to stockholders was $0.47 compared with the adjusted year-ago result of $0.42.

    21st Century Fox executive chairmen Rupert and Lachlan Murdoch said: “We delivered significant revenue and earnings growth in the quarter on the strength of gains in affiliate and advertising revenues across our domestic and international cable portfolios as well as at our television segment. Whether it was Fox News outranking all of basic cable for the first time, FX delivering the year’s most watched new cable show with The People v. O.J. Simpson: American Crime Story, or Star Sports remaking televised sports in India, the unique appeal of our industry leading brands and premium content has never been clearer. This strength extended to our film studio, which broke global box office records and expanded a global franchise with Deadpool, while delivering its second strongest quarterly earnings ever. The demonstrated value of our brands and our outstanding creative content will drive our businesses forward in both the existing and evolving media marketplace.”

    Cable Networking Programming (CNP)

    CNP revenue in Q3-16 increased 9.8 percent y-o-y to $3,941 million as compared to $3,590 million. Cable Network Programming quarterly segment OIBDA increased 11.5 percent to $1,375 million driven by a 10 percent revenue increase on higher affiliate revenues and low double digit advertising revenue growth, partially offset by a 9 percent increase in expenses.

    Domestic affiliate revenue increased 7 percent reflecting sustained growth at FX Networks and FS1. Domestic advertising revenue grew 17 percent over the corresponding prior year quarter reflecting higher ratings and pricing at Fox News and a higher number of National Basketball Association games played in the current quarter at the Regional Sports Networks as well as the impact from the consolidation of the National Geographic non-channels businesses. Domestic OIBDA contributions increased 7 percent over the Q3-15 led by higher contributions from FS1, Fox News and FX Networks.

    International affiliate revenue increased 6 percent driven by strong local currency growth at the Star India and Fox Networks Group International (FNG International) channels, formally known as Fox International Channels, or FIC, which was partially offset by a negative 14 percent impact from the strengthened US dollar. International advertising revenue increased 6 percent as local currency growth at the Star India and FNG International entertainment channels was partially offset by a negative 11 percent impact from the strengthened US dollar. Quarterly OIBDA at the international cable channels increased 67 percent reflecting strong growth at the Star India channels due to both higher affiliate and advertising revenues at the entertainment channels and lower rights costs at the sports channels due to the absence of the prior year broadcast of the ICC Cricket World Cup.

    Television

    Television revenue increased 5 percent y-o-y in Q3-16 to $1,298 million from $1,237 million in Q3-15. Television generated quarterly segment OIBDA in Q3-16 of $125 million, a $16 million decrease from the $141 million reported in Q3-15. Quarterly segment revenues were 5 percent higher than in Q1-15 due to strong retransmission consent revenue growth and higher advertising revenues led by higher political spending at the TV stations. The decrease in segment OIBDA was driven by higher contractual sports programming costs at the Fox Broadcast Network that more than offset the higher revenues.

    Filmed Entertainment

    Filmed Entertainment segment reported a 2.8 percent y-o-y decline in revenue to $2,321 million in Q3-16 as compared to $2,389 million in Q1-15. Filmed Entertainment generated quarterly segment OIBDA of $470 million, an increase of $88 million, or 23 percent, from the $382 million reported in the same period a year-ago. The OIBDA increase was driven by higher contributions from the film studio, led by the record-breaking worldwide theatrical release of Deadpool, which has grossed over $760 million in worldwide box office to date and is the top grossing R-rated movie ever, partially offset by lower television production results reflecting the absence of the network delivery of Glee, which aired its final season on the Fox Broadcast Network last year. Q3-16 segment revenues decreased primarily reflecting lower worldwide home entertainment and television production revenues and a 3 percent negative impact from foreign exchange rate fluctuations, partially offset by higher worldwide theatrical revenues, led by the theatrical release of Deadpool. Foreign exchange fluctuations adversely impacted segment OIBDA growth by 13 percent.

     

  • Rupert Murdoch receives Hudson Institute Global Leadership Award

    Rupert Murdoch receives Hudson Institute Global Leadership Award

    MUMBAI: Hudson Institute has honoured News Corp and 21st Century Fox executive chairman Rupert Murdoch with its annual Global Leadership Award. Dr. Henry Kissinger and Hudson Institute president Kenneth Weinstein presented the award to Murdoch at a dinner held at The Plaza Hotel in Manhattan.

     

    Hudson’s award recognized Murdoch for his strategic leadership and adherence to the principles of democracy, free markets and economic growth, national security and a strong civil society. 

     

    Through an extensive career developing media properties, from News Limited in Australia to Fox News and The Wall Street Journal, Murdoch has demonstrated a dedication to Hudson’s guiding principles.

     

    “We honor Rupert not because he is a conservative, but because he is a revolutionary,” said Hudson Institute president Kenneth Weinstein. “He has transformed global media by sensing transformative possibilities that others simply couldn’t, taking gigantic risks along the way, all to inform, entertain, and build new markets.”

     

    In his acceptance speech, Murdoch addressed the need for strong global American leadership. “As we have seen in Syria and in the Ukraine and in the streets of Paris, without this country’s self-confident championing of that human quest for freedom and humane values, global affairs collapse into nightmare—the policy wasteland becomes fertile territory for terror,” Murdoch said.

     

    Murdoch joins a list of past Hudson Institute award honorees that includes Henry Kissinger, Ronald Reagan, Shinzo Abe, George Shultz, Dick Cheney, Joseph Lieberman, Mitch Daniels, and David Petraeus.

  • ICC World Cup fees, Simpsons production costs, forex adversely impact Fox Q3-2015 OIBDA

    ICC World Cup fees, Simpsons production costs, forex adversely impact Fox Q3-2015 OIBDA

    BENGALURU: Rupert Murdoch’s Twenty-First Century Fox Inc. reported a 16.8 per cent drop in total revenue to $6840 million in the quarter ended 31 March, 2015 (Q3-2015, current quarter) as comparted to the $8219 million reported for the year ago quarter (quarter ended 31 March, 2014). Excluding net revenues for Q3-2014 from the Direct Broadcast Satellite Television (DBS) businesses, Sky Italia and Sky Deutschland AG, which were sold in November 2014 to Sky plc, adjusted revenues in Q3-2015 increased $84 million or one per cent over the $6.76 billion of adjusted revenue in Q3-2014.

     

    The company’s operating income before depreciation and amortisation fell by $110 million (6.2 per cent) to $1677 million in Q3-2015 from $1787 million in Q3-2014. The company’s Television segment reported a fall of OIBDA to $141 million, which was less than half (49 per cent) of the $288 million reported for Q3-2014. The company attributes the decline in OIBDA to the absence of revenues generated from the broadcast of Super Bowl XLVIII in the prior year and higher entertainment programming costs at the Fox Broadcasting Network from a higher volume of original series, including Glee and Empire, in the current year quarter as compared to more series repeats in Q3-2014.

     

    While its biggest segment in terms of revenues – Cable Network Programming reported an OIBDA improvement of $57 million (4.8 per cent increase) to $1233 million in Q3-2015. OIBDA increment by the segment would have been even higher, but for the impact of 19 per cent increase in segment expenses lead by the planned investments in new channels, primarily Star Sports and FXX, says the company.

     

    Increased Cable Network Programming segment expenses included increased rights fees related to the broadcast of the ICC Cricket World Cup at Star Sports and increased programming costs at FXX led by The Simpsons. International advertising revenue for the segment increased 24 per cent due to strong local currency growth at Star, driven by the broadcast of the ICC Cricket World Cup, and local currency growth at the FIC channels partially offset by the negative five per cent impact from foreign exchange rate fluctuations.

     

    For the nine month period ended 31 March, 2015 (9M-2015), Fox reported revenue of $22782 million as compared to the $23443 million in 9M-2014. Eliminating the revenue by its DBS business (without accounting for the impact of DBS on corporate eliminations) in the current nine month and 9M-2014 periods, 9M-2015 revenue was $ 20620 million and 9M-2014 revenue was $19006 million, reflecting an 8.5 per cent growth.

     

    Fox OIBDA for 9M-2015 was $5178 million as compared to the $4949 million in 9M-2014. Neglecting DBS OIBDA (without accounting for the impact of DBS on corporate eliminations), the company’s adjusted OIBDA for 9M-2015 was $4944 million, which was 5.8 per cent more than the $4671 million reported for 9M-2014.

     

    Segment Results

     

    Cable Network Programming

     

    This segment reported 12.5 per cent increase in revenue to $3590 million in the current quarter from $3152 million in Q3-2014. Over the nine month period (9M-2015), the segment reported 14.2 per cent increase in revenue to $10205 million from $8296 million in Q3-2015.

     

    The segment’s OIBDA for Q3-2015 has been mentioned above. For 9M-2015, segment OIBDA improved seven per cent to $3430 million from $3205 million in 9M-2014.

     

    Domestic (US) affiliate revenue grew 20 per cent in Q3-2015, reflecting the combination of sustained growth at the regional sports networks, Fox News Channel and FX Networks, increased contribution from Fox Sports 1, and the consolidation of the Yankees Entertainment and Sports Network (the Yes Network). International affiliate revenue increased 2 per cent driven by strong local currency growth at the Fox International Channels and Star channels which was partially offset by a 13 per cent adverse impact from the strengthened US dollar.

     

    Domestic advertising revenue was flat y-o-y due to lower ratings at FX Networks and National Geographic Channel.

     

    Television

     

    This segment reported a drop of 22 per cent in revenue in Q3-2015 to $1237 million from $1587 million in the corresponding year ago quarter. For 9M-2015, Television segment reported a revenue drop of 8.4 per cent to $3430 million in Q3-2015 from $4265 million in 9M-2014.

     

    Television segment OIBDA in 9M-2015 fell 17.9 per cent ($132 million) to $605 million from $737 million in 9M-2014.

     

    Filmed Entertainment

     

    This segment reported 4.8 per cent improvement in revenue to $2389 million in Q3-2015 as compared to the $2279 million in Q3-2014. For 9M-2015, Filmed Entertainment segment revenue rose 10.8 per cent to $7618 million from $6876 million in 9M-2014.

     

    Segment OIBDA for Q3-2015 improved 7.9 per cent to $382 million from $354 million in Q3-2014.Filmed Entertainment OIBDA improved 15.4 per cent in 9M-2015 to $1176 million from $1019 million in 9M-2014.

     

    The company says that the growth was driven by the successful theatrical releases Taken 3and Kingsman: The Secret Service in the current quarter, which have grossed over $320 million and $400 million in worldwide box office to date, respectively, and theatrical and home entertainment contributions from Penguins of Madagascar. This growth was partially offset by lower contributions from the television production business due to lower SVOD revenues resulting from the prior year sale of several series to Amazon, including 24 and The Americans, and from the adverse impact from the strengthened US dollar.