Fox to launch subscription streaming service as shares jump on election ad surge

Fox is planning to launch a subscription-based streaming service by the end of 2025, the media company said on Tuesday, entering the Netflix-dominated arena to tap audiences outside its mainstay cable television business.Shares of the Murdoch family-controlled company rose more than 4%, as it also reported second-quarter sales and profit above Wall Street expectations thanks to a surge in election-driven advertising on its news network.The owner of Fox News has largely sat out the streaming race between leg ...