SCHEDULE: BlackRock Discloses 4.4% Passive Stake in Fox Corp Class B Stock

BlackRock, Inc. has filed an amended Schedule 13G, reporting a passive beneficial ownership of 4.4% of Fox Corp's Class B Stock as of June 30, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 10,309,112 shares of Fox Corp Class B Stock.
• This ownership represents 4.4% of the total outstanding Class B Stock.
• BlackRock holds sole voting power over 8,898,891 shares and sole dispositive power over 10,309,112 shares.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a passive investment strategy.
• The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of Fox Corp.

Sentiment

Score: 7

Explanation: The document is a routine Schedule 13G filing by BlackRock, Inc., indicating a passive beneficial ownership stake in Fox Corp. While it doesn't contain new operational or financial news for Fox Corp, the presence of a significant stake by a major institutional investor like BlackRock is generally viewed as a neutral to slightly positive signal, reflecting its inclusion in broad investment portfolios.

Positives

• BlackRock, a major institutional investor, holds a significant passive stake in Fox Corp, indicating its inclusion in their investment portfolios.

Negatives

• No specific negative information was disclosed in this routine ownership filing.

Risks

• No specific risks related to Fox Corp's operations or financial health were disclosed in this ownership filing.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Fox Corp's future performance or BlackRock's investment strategy beyond its passive nature.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

BlackRock's filing reflects a standard passive investment by a large institutional asset manager in a prominent media and entertainment company, Fox Corp. Such filings are common for major index and passive fund managers.

Comparison to Industry Standards

• This Schedule 13G filing is a routine disclosure of beneficial ownership by a large institutional investor, BlackRock, Inc., and does not contain performance metrics of Fox Corp that would allow for a direct comparison to industry standards or specific comparable companies. The 4.4% stake is a typical passive holding for a large asset manager.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holding in the company's Class B Stock.

Next Steps

• No specific future actions or milestones are mentioned in this beneficial ownership disclosure.

Key Dates

Keywords

Fox Corp, BlackRock, Class B Stock, SEC filing, Schedule 13G, beneficial ownership, passive investment, media, entertainment