Fox Corp Class B

FOX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$87.00	Hfqlp	Rqjyrmmz

Fox Is Outperforming the Industry Within the Pay-TV Bundle, but Challenges Lurk as Industry Evolves

Matthew Dolgin

May 8, 2024

Business Strategy and Outlook

Fox’s strategy differs from its biggest traditional media peers, and its business has been far more resilient as a result. Although it has outperformed in the past few years, we think its dependence on the traditional pay-TV bundle for nearly all its revenue is problematic over the long term.

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