Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Twenty-First Century Fox    FOXA

TWENTY-FIRST CENTURY FOX

(FOXA)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Jeffrey Ubben Leaves Fox Board -- WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/28/2018 | 02:48am EST

By Cara Lombardo

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (April 28, 2018).

An activist investor has stepped down from 21st Century Fox Inc.'s board of directors, the company said Friday, as it remains at the center of a global takeover battle.

Jeffrey Ubben, founder and chief executive of investment fund ValueAct Capital Management LP, resigned from the board Thursday, the company said in a securities filing. He joined in 2015 as part of an agreement with the company and a bet Fox would navigate changing media demands and combat streaming services.

Mr. Ubben has stepped back as chief investment picker for ValueAct to launch a new project for the firm focused on environmental and social investing. He is expected to make several new investments and likely join some of those boards.

21st Century Fox didn't provide a reason for Mr. Ubben's resignation, but noted in the filing it wasn't due to any disagreement or matter relating to the company's operations or policies. Mr. Ubben said in a statement he supports Fox's agreement to sell its entertainment assets to Walt Disney Co. for $52.4 billion.

The board will be reduced to 12 directors from 13 as result of Mr. Ubben's departure, the filing said.

Mr. Ubben's departure comes after The Wall Street Journal reported Wednesday that London-based activist investor Chris Hohn has built a more than 4% position in 21st Century Fox, giving him the potential to influence a deal vote.

Fox had disclosed that it rejected a higher Comcast Corp. offer for its entertainment business due to regulatory risk concerns. Now, Comcast is considering whether to urge investors to support its offer, the Journal reported this week.

Fox is also caught up in a fight for the 61% of European pay-TV operator Sky PLC that it doesn't already own. Comcast this week made a bid for Sky, too, topping Fox's offer.

21st Century Fox Chairman Rupert Murdoch and his family have a 39% voting stake in the company. Their economic interest, which is what would count in a shareholder vote on the Disney-Fox merger, is roughly 17%. (The Murdoch family is also a major shareholder in News Corp, the parent of The Wall Street Journal.)

--David Benoit contributed to this article.

Write to Cara Lombardo at cara.lombardo@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
NEWS CORP 1.04% 18.47 End-of-day quote.12.35%
NEWS CORP -0.62% 12.8 Delayed Quote.12.42%
TWENTY-FIRST CENTURY FOX -0.10% 50.72 Delayed Quote.5.01%
WALT DISNEY COMPANY (THE) 0.54% 114.29 Delayed Quote.4.23%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TWENTY-FIRST CENTURY FOX
02/19TWENTY FIRST CENTURY FOX : John Finley Named Executive Vice President of Develop..
BU
02/15FOX NEWS DIGITAL : Kicks Off 2019 with Record-Breaking Month of Highest Ever Uni..
BU
02/15TWENTY FIRST CENTURY FOX : Hulu Ad Campaign Spells Out That Its Influencers Get ..
DJ
02/14TWENTY FIRST CENTURY FOX : Mike nelson named executive vice president and chief ..
PU
02/14TWENTY FIRST CENTURY FOX : Fox Corporation Names Joseph Dorrego Chief Investor R..
PR
02/12TWENTY FIRST CENTURY FOX : Statement of changes in beneficial ownership of secur..
PU
02/07TWENTY FIRST CENTURY FOX : Fox Gets Boost From Sky Sale
DJ
02/06FOX ENTERTAINMENT LAUNCHES NEW COMPA : A “CONTENT DEVELOPMENT ACCELERATOR,..
PU
02/06TWENTY FIRST CENTURY FOX : Quarterly report which provides a continuing view of ..
PU
02/06FOX NEWS CHANNEL : Tops All of Television for the Second Consecutive Year as the..
BU
More news
Financials ($)
Sales 2019 31 446 M
EBIT 2019 6 672 M
Net income 2019 8 044 M
Finance 2019 3 399 M
Yield 2019 0,87%
P/E ratio 2019 8,17
P/E ratio 2020 22,37
EV / Sales 2019 2,88x
EV / Sales 2020 3,01x
Capitalization 93 952 M
Chart TWENTY-FIRST CENTURY FOX
Duration : Period :
Twenty-First Century Fox Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TWENTY-FIRST CENTURY FOX
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 50,2 $
Spread / Average Target -0,98%
EPS Revisions
Managers
NameTitle
James Rupert Murdoch Chief Executive Officer & Director
Lachlan Keith Murdoch Executive Co-Chairman
Keith Rupert Murdoch Executive Co-Chairman
John P. Nallen Chief Financial Officer & Senior Executive VP
Paul Cheesbrough Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TWENTY-FIRST CENTURY FOX5.01%93 952
VIVENDI12.55%35 447
BOLLORÉ3.49%12 116
VIACOM13.58%12 090
WORLD WRESTLING ENTERTAINMENT, INC.15.46%6 733
DOLBY LABORATORIES, INC.4.79%6 691