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Fox Corp.’s John Nallen Says Selling Assets “Hasn’t Crossed Our Minds” Despite Pay-TV Declines: “We’re Much More Focused On Growing”
Fox Corp. COO John Nallen says the company is "much more focused on growing the business than we are on selling the business" despite pay-TV declines.
The option to sell or combine legacy media assets has been pursued by a number of major players including Paramount, Warner Bros. Macroeconomic factors, including high interest rates, have posed a challenge, as has the regulatory climate. Five years into its existence as a stand-alone company, Fox’s stock is trading at a shade less than $30, well below the $40-plus level where it began in March 2019.
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