Fox Corporation Terminates Old Stockholders Agreement and Enters New Agreement with Murdoch Family Trusts

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Murdoch, Grace Murdoch, and Chloe Murdoch and their respective descendants and charitable organizations. The new agreement limits the Murdoch Family Trusts and LGC Holdco, LLC from owning more than 44% of the outstanding voting power of the company's Class B common stock and provides certain registration rights. Additionally, Fox Corporation entered into an underwriting agreement for the sale of 16,835,016 shares of Class B common stock by the Selling Stockholders through Morgan Stanley & Co. LLC.

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About Fox Corporation

Fox Corporation is a notable entity in the media and entertainment industry, primarily focused on television broadcasting, news, and sports programming. The company operates key television networks including FOX broadcast network, FOX News, FOX Business, and FOX Sports, making it a significant player in delivering live television content to a large audience. Fox Corporation is known for its engaging programming that spans across various genres such as entertainment, sports, and news, impacting sectors like advertising, media production, and digital streaming. Founded in 2019 following the acquisition of 21st Century Fox by The Walt Disney Company, Fox Corporation concentrates its efforts on live and prime-time programming. The company's strategic focus on cable news and sports positions it as a mainstay in American homes, contributing to public discourse and cultural trends. With its headquarters in New York City, Fox Corporation plays a pivotal role in shaping the media landscape by continuously adapting to the evolving preferences of viewers and the technological advancements in content delivery.