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United States securities and exchange commission logo
February 27, 2024
Steven Tomsic
Chief Financial Officer
Fox Corp
1211 Avenue of the Americas
New York, New York 10036
Re: Fox Corp
Form 10-K for the
Fiscal Year Ended June 30, 2023
File No. 001-38776
Dear Steven Tomsic:
We have reviewed your
filing and have the following comments.
Please respond to this letter within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe a
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to this letter, we may have additional comments.
Form 10-K for the Fiscal Year Ended June 30, 2023
Results of Operations, page 38
1. In your discussion, you
cite multiple factors as impacting your results of operations but
most often provide no
quantification of the contribution of each factor to the material
changes in the various
line items discussed. Where one or more factors contributed to a
material change in a
line item, please describe the underlying reasons for these changes in
quantitative and
qualitative terms. We refer to guidance in Item 303(b) of Regulation S-K.
Notes to the Consolidated Financial Statements
Note 17. Segment Information, page 101
2. We note you have
business unit leaders for Fox News Media, Fox Sports, Fox
Entertainment, Fox
Television Stations, and Tubi Media Group. Tell us how those
business unit leaders
align with your segment structure discussed on page 101. Disclose
the factors used to
identify your reportable segments, including whether operating
segments have been
aggregated. We refer to the guidance in ASC 280-10-50-21.
Steven Tomsic
Fox Corp
February 27, 2024
Page 2
Note 20. Additional Financial Information, page 105
3. We note you reported legal settlement costs, an operating expense,
within the income
statement line-item "Other, net." Separately report operating and
non-operating
expenses on your income statement and clearly identify them as such,
pursuant to Rule 5-
03 of Regulation S-X.
We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.
Please contact Inessa Kessman at 202-551-3371 or Robert Littlepage at
202-551-3361 if
you have questions regarding comments on the financial statements and related
matters.
FirstName LastNameSteven Tomsic Sincerely,
Comapany NameFox Corp
Division of
Corporation Finance
February 27, 2024 Page 2 Office of
Technology
FirstName LastName