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NEW YORK - In a significant executive shuffle, Fox Corporation (NASDAQ: FOX, FOXA), a media giant with a market capitalization of $23.3 billion, announced today that John Nallen has been elevated to the role of President and Chief Operating Officer. Nallen, who has been with the company for over two decades, previously held the position of Chief Operating Officer and is a member of the Office of the Chairman at Fox. According to InvestingPro data, Fox maintains a perfect Piotroski Score of 9, indicating exceptional financial strength and operational efficiency.
The appointment comes with a new long-term employment agreement that extends through June 2028, ensuring Nallen’s leadership presence at Fox for the foreseeable future. His tenure at Fox has been marked by his involvement in the company’s strategic evolution and his contribution to its financial and operational success.
Before his time at Fox, Nallen served as the Senior Executive Vice President and Chief Financial Officer for 21st Century Fox ("21CF") until the company’s spinoff in March 2019, which led to the establishment of Fox Corporation as a standalone entity. His responsibilities at 21CF included overseeing the company’s financial operations and managing capital market and merger and acquisition transactions.
Nallen’s experience in the media and entertainment industry dates back to his earlier career at Arthur Andersen, where he was a partner leading the Media and Entertainment practice before joining 21CF, formerly known as News Corporation, in 1995.
Fox Corporation Executive Chair and CEO Lachlan Murdoch praised Nallen’s contributions, stating, "John has been instrumental in the continued evolution of FOX and a key partner to me for many years. We greatly value his ongoing impact and his strategic vision and are pleased that he will continue to help guide the strong operating momentum and profitability of FOX as President and COO."
Fox Corporation is known for its production and distribution of news, sports, and entertainment content through brands such as FOX News Media, FOX Sports, FOX Entertainment, and FOX Television Stations. The company’s portfolio also includes Tubi Media Group, which adds to its digital footprint and audience engagement capabilities. The company has demonstrated strong financial performance, generating $15.18 billion in revenue and maintaining healthy liquidity with a current ratio of 2.5. InvestingPro analysis reveals over 10 additional key insights about Fox’s market position and financial health, available to subscribers.
This strategic executive move is expected to support Fox Corporation’s continued growth and success in the dynamic media landscape. The company’s strong momentum is reflected in its impressive 85.64% return over the past year and its P/E ratio of 11.2, suggesting reasonable valuation relative to earnings. The information in this article is based on a press release statement from Fox Corporation and enhanced with InvestingPro data, where investors can access comprehensive Pro Research Reports covering 1,400+ top stocks, including detailed analysis of Fox Corporation’s market position and growth potential.
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