6 ms·

For context: It’s ~0.01% ($.5M/$4.4B) of the company’s revenue for that year. (I’m not weighing in one way or the other here) > That may be difficult, however

For context: It’s ~0.01% ($.5M/$4.4B) of the company’s revenue for that year. (I’m not weighing in one way or the other here) > That may be difficult, however, since the FCC says in its proposal that the company had $4.44 billion of revenue in 2021. Edit: Wow, looks like I really messed up the math. It has been updated. Thanks for the comments pointing that out/asking about it.

munk-a 4y ago
Can you clarify if that's Fox Sports, this particular Fox branch or the Fox Corporation as a whole?
- mikeiz404 4y ago
  I believe it’s revenue for Fox in general. The number is pulled from the article but I messed up the original calculation.
  - munk-a 4y ago
    Ah no worries - I thought that Fox had a revenue in the billions last year so I was really surprised to hear they had a profit sitting around five million.
morisy 4y ago
Is that profit for the sports division only? Briefly looking just found the overall profit: 2021 Profit: $ 2,150,000,000 Proposed Fine: $ 504,000 Fine / Profit * 100: 0.023% [Profit Source](https://www.google.com/finance/quote/FOX:NASDAQ?sa=X&ved=2ahUKEwiGzI3kyfD8AhWGjYkEHSKhDS4Q3ecFegQICRAg https://www.google.com/finance/quote/FOX:NASDAQ?sa=X&ved=2ah...)
- mikeiz404 4y ago
  I misread the article and thought the 4.4B number was profit and not revenue. Also I really messed up the math on the units.
deleted 4y ago
[deleted]
karaterobot 4y ago
> Fox now has 30 days to either pay the fine or to appeal, including seeking a reduction in its size. That may be difficult, however, since the FCC says in its proposal that the company had $4.44 billion of revenue in 2021. Emphasis added. Sounds like they're suing Fox, and Fox's gross profit for 2022 was $4.86 billion, so that's more like 0.01%.
tim-- 4y ago
11%? Source?
- mikeiz404 4y ago
  I updated the comment. The source for the revenue was from the article but I messed up the calculation.

munk-a 4y ago

Can you clarify if that's Fox Sports, this particular Fox branch or the Fox Corporation as a whole?

mikeiz404 4y ago
I believe it’s revenue for Fox in general. The number is pulled from the article but I messed up the original calculation.
- munk-a 4y ago
  Ah no worries - I thought that Fox had a revenue in the billions last year so I was really surprised to hear they had a profit sitting around five million.

morisy 4y ago

Is that profit for the sports division only? Briefly looking just found the overall profit: 2021 Profit: $ 2,150,000,000 Proposed Fine: $ 504,000 Fine / Profit * 100: 0.023% [Profit Source](https://www.google.com/finance/quote/FOX:NASDAQ?sa=X&ved=2ahUKEwiGzI3kyfD8AhWGjYkEHSKhDS4Q3ecFegQICRAg https://www.google.com/finance/quote/FOX:NASDAQ?sa=X&ved=2ah...)

mikeiz404 4y ago
I misread the article and thought the 4.4B number was profit and not revenue. Also I really messed up the math on the units.

deleted 4y ago

[deleted]

karaterobot 4y ago

> Fox now has 30 days to either pay the fine or to appeal, including seeking a reduction in its size. That may be difficult, however, since the FCC says in its proposal that the company had $4.44 billion of revenue in 2021. Emphasis added. Sounds like they're suing Fox, and Fox's gross profit for 2022 was $4.86 billion, so that's more like 0.01%.

tim-- 4y ago

11%? Source?

mikeiz404 4y ago
I updated the comment. The source for the revenue was from the article but I messed up the calculation.