Rupert Murdoch began Fox Corp.’s investor day, appearing solo onstage to emphasize the effectiveness of the company’s evolution.
The architect of the Fox empire said that even before the milestone Disney deal, which closed in March, Fox was “pivoting at a pivotal moment while staying true of course to our principles and our purpose.”
In recent years, he said, “Our efforts have been focused on simplifying our structure.” The Disney deal, which involved the transfer of two-thirds of the company, “gave us the opportunity to create a more focused company.”
Lachlan Murdoch, executive chairman and CEO of Fox, said the company is “returning to its roots” and is positioned “at the apex of our peers in the media business.”