Fox Corporation CEO Lachlan Murdoch touts Fox News Channel success as ratings, advertising revenue thrive
Fox News
FOX Corporation CEO Lachlan Murdoch reminded investors on Monday that Fox News Channel regularly outdraws free broadcast networks despite being on cable.
"Look, it comes down to great content, great journalism and a great brand ultimately. If you look at the Fox News viewer, they're incredibly loyal. They're passionate about the service. They really see it as not just as a news service but as a network for them. It's important to note that we don't see Fox News anymore as just a news service. We see it as one of the top five broadcast networks in the United States, even though we don't have the same distribution that broadcast has," Murdoch said. Brian Flood is a media editor/reporter for FOX News Digital. Story tips can be sent to brian.flood@fox.com and on Twitter: @briansflood.
"In January and February, we were the No. 2 broadcast network, right? Equivalent to the No. 2 broadcast network at Fox News. Despite having a much smaller universe in cable. In January, we were only beaten by NBC, and in February we were only beaten by CBS," Murdoch continued. "And so that's how we view it. And that's how we're able to drive, frankly, the affiliate revenue growth that we've achieved."
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