Fox CEO Lachlan Murdoch Sees New Sports Streaming Venture Reaching “Tens Of Millions” Of Cord-Nevers “Without Undermining The Traditional Bundle”

Fox Corp. CEO Lachlan Murdoch is certain that that the company’s new sports venture with Disney and Warner Bros. Discovery will be “additive” and not threaten Fox’s still-lucrative pay-TV business. The venture was announced Tuesday and has set media tongues wagging. The topic dominated Fox’s 30-minute quarterly earnings call, which was where Murdoch made his comments, enabling execs to largely elude tougher questions about a 20% year-over-year decline in advertising revenue in the quarter. “The key market, ...