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Roger Penske reacts after selling $135M IndyCar stake to FOX
Roger Penske bought the American open-wheel racing series and the Indianapolis Motor Speedway in 2019 and set his targets on taking the series back to its glory days. As a part of this vision, Penske Entertainment signed a contract with FOX for the media rights of the racing series.
Its key assets include the Fox broadcast network, Fox News, and Tubi. In FQ1 2025, the company's revenue increased 11% year-over-year, driven by various broadcasting areas.
FOX is now leaner and stronger, with a focus on news, sports and broadcasting, he told the crowd. “We have created a company extremely well-positioned for growth,” Lachlan Murdoch said.
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The California governor's lawsuit against Fox News cites its settlement with Dominion, as well as Donald Trump's case against CBS.
Within a few short years, Fox, the fourth broadcast network, was a bona fide platform to reckon with (for the young demographics, in particular). And its next long-term success was drama The X ...
Fox Broadcasting Company and Sinclair Broadcast Group have struck a multi-year deal to renew Fox network affiliations for stations across 25 U.S. markets, Variety has learned exclusively.
Fox Corp. ‘s broadcast subsidiary and No. 2 station group Sinclair have reached a multi-year renewal covering Fox affiliates in 25 markets. The stations reach about 11% of U.S. TV households.
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