NEW YORK and LOS ANGELES, Dec. 5,
2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA,
FOX) ("FOX" or "the Company") today announced that FTSE Russell
removed the Company's common stock from its Gambling Business
Activity Exclusion List. FTSE Russell's correction followed a
challenge by the Company and a review that determined FOX's level
of involvement in the betting industry falls below the equity
ownership threshold for classification on the Gambling Business
Activity Exclusion List.
FOX challenged the classification earlier this year when it
caused the Company's stock to be removed from Vanguard ESG funds
(ESGV, VSGX) created to invest in companies with strong
environmental, social and governance records.
Additional information about FTSE Russell's corrective action
can be found here.
About Fox Corporation
Fox Corporation produces and distributes compelling news, sports
and entertainment content through its iconic domestic brands
including: FOX News Media, FOX Sports, FOX Entertainment, and FOX
Television Stations. These brands hold cultural significance with
consumers and commercial importance for distributors and
advertisers. The breadth and depth of our footprint allows us to
deliver content that engages and informs audiences, develop deeper
consumer relationships and create more compelling product
offerings. FOX maintains an impressive track record of news,
sports, and entertainment industry success that will shape our
strategy to capitalize on current strengths and invest in new
initiatives. For more information about Fox Corporation, please
visit www.FoxCorporation.com.
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SOURCE Fox Corporation