Fox plans to invest $200M "into its sports and entertainment networks in the US and Asia in the coming year and more the following year as the broadcast media group builds a war chest to compete in the expensive arena of sport," according to Emily Steel of the FINANCIAL TIMES. The group with the launch of Fox Sports 1 is "doubling down on its bet that sports programming will continue to attract the big live audiences that are highly desirable to advertisers." Fox COO Chase Carey yesterday said that FS1 "should turn a profit in 2016 and serve as a 'major profit centre' for the media company." His comments came as 21st Century Fox "reported its first results as an independent company since News Corp. split in two." The company for the fiscal year that ended June 30 reported "income attributable to shareholders" of $6.82B, up from $3.18B the previous year. The fiscal year results showed income of $6.82B, up from $3.18B. Nearly $3.76B in gains for the company involved "the acquisition of a full ownership [stake] in Sky Deutschland and ESPN Star Sports" (FINANCIAL TIMES, 8/7).
WELCOME ABOARD: Fox Sports announced Julie Stewart-Binks will be the host of the recently unveiled "Fox Soccer Daily." The show will air live each weekday from 4:00-4:30pm ET on FS1. Joining Stewart-Binks are soccer analysts Eric Wynalda, Warren Barton and Brian McBride. Meanwhile, Mike Hill will serve as a host for "Fox Sports Live" and "Fox Football Daily." Hill spent the past nine years with ESPN (Fox).
