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Fox Corp downgraded to Neutral as Newsmax gains ground with first profit and AI deal.

Market News
14 Aug 2026
Rayan Ahmad
View Source
Neutral
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UBS downgraded Fox Corporation's stock to Neutral amid rising competition from Newsmax, which recently posted its first profitable quarter and secured an AI content partnership with Meta. Despite Fox's higher cable affiliate fees and larger market presence, Newsmax's profitability signals growing competitive pressure. Meanwhile, Zacks Investment Research still views Fox as a strong momentum stock, suggesting potential short-term outperformance. Investors should watch how Fox responds to these challenges in the evolving media landscape.

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