Tubi founder and CEO Farhad Massoudi is exiting the free AVOD platform in a restructuring by parent Fox Corporation. Paul Cheesbrough, Fox Corp. CTO and president of digital, will take the reins as CEO of the Tubi Media Group, which will house Fox’s standalone digital businesses — including Tubi, Credible and Blockchain Creative Labs — as well as the digital platforms and teams that underpin Fox’s wider digital business in news, sports and entertainment. TMG will be comprised of three divisions: Tubi Streaming, Fox Digital Platforms Group and the AdRise Video Network. Continue reading Fox Creates Tubi Media Group to Manage Digital Businesses

For fiscal Q4, Fox Corporation — parent of FOX News Channel, the FOX broadcast network and FOX Sports — reported net income of $253 million, or 43 cents per share, versus $122 million, or 20 cents per share year-over-year. Company chief executive Lachlan Murdoch stated that the company looks forward to “the return of normalized sports and entertainment calendars and the start of the midterm election cycle.” Fox became a standalone, publicly-traded company on Mar 21, 2019, after the Disney and Twenty-First Century Fox merger. Continue reading Fox Enjoys Robust Q4 Based on Cable, TV Advertising Sales