Media sales contract worth $1.5 billion to Fox News is good news for Fox News August 23, 2021 August 23, 2021 admin

The sale of a Fox News contract worth more than $1 billion to the network’s parent company, 21st Century Fox, will be good news to the company’s shareholders.

The deal, which is valued at more than US$1 billion, will give Fox News a foothold in television advertising, a key revenue source for the company.

It is expected to boost Fox News revenues by at least US$100 million annually.

The contract was announced in July by 21st century Fox Chairman Rupert Murdoch, who has been pushing for more media and media-focused programming on the cable network.

In the past year, the network has also been pushing back against advertisers who want to use its programming to promote their own brands.

Fox News has faced criticism for its bias in covering politics, race relations, and gay rights.

It has been criticized for not doing enough to counter the rise of social media platforms such as Facebook, Twitter, and YouTube.