FOX NEWS CHANNEL'S BRET BAIER LANDS FIRST INTERVIEW WITH ISRAELI PRIME MINISTER BENJAMIN NETANYAHU SINCE ISRAEL'S STRIKES ON IRAN ON SUNDAY, JUNE 15TH

FOX News Channel (FNC), owned by Fox Corporation, continues to dominate the cable news landscape, holding the top spot as the most-watched television news channel for over 23 consecutive years and attracting nearly 70% of the cable news viewing audience. Nielsen/MRI Fusion data indicates FNC attracts a politically diverse audience, including Democrat and Independent viewers, while a 2024 Pew Research Center study and a 2023 New York Times/Siena College poll identify FNC as the leading single source of news for voters across the country.

Analysis

FOX News Channel (FNC), a core asset of Fox Corporation (tickers FOX, FOXA), exhibits sustained and substantial market leadership in the U.S. cable news segment. Nielsen Media Research data confirms FNC's status as the most-watched television news channel for over 23 consecutive years, capturing nearly 70% of the cable news viewing audience and ranking as the number one overall cable network for the past nine years. Its programming consistently features among the top 10 in the genre. Significantly, Nielsen/MRI Fusion data suggests FNC attracts a politically diverse audience, encompassing Democrat and Independent viewers, a characteristic reinforced by a 2024 Pew Research Center study and a 2023 New York Times/Siena College poll, both identifying FNC as a primary news source for American voters. Accessible in over 60 million homes, FNC's extensive reach and enduring high viewership underscore its powerful brand equity and considerable influence within the media landscape, representing a key operational strength for Fox Corporation.

Key Decisions for Investors

• Investors in Fox Corporation (FOX, FOXA) should view FNC's persistent market dominance and high viewership figures as a foundational element supporting stable advertising revenues and strong affiliate fee negotiations.
• The reported political diversity of FNC's audience, as indicated by Nielsen/MRI Fusion, presents a potential buffer against viewership volatility and could be a critical factor in maintaining its substantial market share, especially during key political events and election cycles.
• Given the strongly positive sentiment (0.8 general, 0.9 for FOX/FOXA) associated with FNC's established leadership, investors should assess if this consistent performance is fully incorporated into Fox Corporation's current valuation, particularly as the accompanying market impact score of 0.3 suggests this reaffirmation of strength may not trigger significant short-term price movement.