ROB WADE NAMED CHIEF EXECUTIVE OFFICER OF FOX ENTERTAINMENT

New York, NY and Los Angeles, CA - October 6, 2022 - Lachlan Murdoch, Executive Chair and Chief Executive Officer of Fox Corporation (Nasdaq: FOXA, FOX), today announced that Rob Wade has been appointed Chief Executive Officer of FOX Entertainment, effective immediately. Wade most recently served as President, Alternative Entertainment and Specials of FOX Entertainment.

In this role, Wade and his team will guide one of the world's most recognizable media brands and content producers with FOX broadcast network as its centerpiece. FOX Entertainment includes an expanding portfolio of owned content studios, including award-winning animation house Bento Box Entertainment, TMZ, MarVista Entertainment and Studio Ramsay Global. FOX Entertainment also includes the in-house unscripted studio FOX Alternative Entertainment, scripted content creator FOX Entertainment Studios, Blockchain Creative Labs, and the worldwide content sales unit FOX Entertainment Global.

"Since the formation of FOX Entertainment, Rob has been an integral part of the leadership team responsible for delivering on its long-term strategy of creating an independent media company built on broadcast, developing an owned content portfolio and maintaining a disciplined in-house infrastructure," said Murdoch. "Given Rob's sharp creative instincts and proven operational acumen, he is well-suited to lead FOX Entertainment in what promises to be an exciting next chapter in its rich history."

"I am honored to be entrusted with leading FOX Entertainment into the future with an exceptionally talented team, whom I know very well, as we build and expand on FOX's legacy of storytelling excellence, entrepreneurial energy and innovation," said Wade. "It's a transformative time across the global entertainment landscape, presenting limitless opportunity and, above all, creativity, making the outlook ahead bright and exhilarating."

In his previous role, Wade had oversight of the network's unscripted programming, specials and alternative development slate, as well as the company's in-house production unit, FOX Alternative Entertainment (FAE).

During his tenure at FOX, the network has launched several hit unscripted series, including the culture-piercing singing competition - launching as television's #1 entertainment series - The Masked Singer. This was followed by the guessing game-meets-baking competition Crime Scene Kitchen, LEGO Masters and Next Level Chef.

Prior to joining FOX, Wade served as the showrunner on ABC's Dancing with the Stars and was the head of Entertainment Development at BBC Worldwide. He was also an executive producer on FOX's The X Factor and NBC's America's Got Talent and was Head of TV at Syco Entertainment North America.

About Fox Corporation

Fox Corporation produces and distributes compelling news, sports, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and leading AVOD service Tubi. 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 shapes our strategy to capitalize on existing strengths and invest in new initiatives. For more information about Fox Corporation, please visit www.FoxCorporation.com.

About FOX Entertainment

With a legacy spanning more than 35-years, FOX Entertainment is one of the world's most recognizable media brands and a prolific content producer across its iconic broadcast network and both owned and third-party streaming platforms. Known for its independent, innovative spirit and provocative, groundbreaking storytelling, the company was reinvented in 2019 with the formation of the new FOX Entertainment. While maintaining its leadership in broadcast television (9-1-1, The Simpsons, The Cleaning Lady, Hell's Kitchen, LEGO Masters), the company is actively building a portfolio of businesses and library of owned original content. To date, FOX Entertainment's long-term growth strategy has included the acquisitions of award-winning powerhouse animation studio Bento Box (Bob's Burgers, The Great North, Krapopolis, Grimsburg), entertainment platform TMZ, and global production studio MarVista Entertainment, as well as the formation of landmark culinary and lifestyle content venture Studio Ramsay Global (Next Level Chef) in partnership with the legendary Gordon Ramsay. The company also established its in-house unscripted studio FOX Alternative Entertainment (The Masked Singer, I Can See Your Voice, Name That Tune), FOX Entertainment Studios (Monarch, Animal Control) to develop scripted content, worldwide content sales unit FOX Entertainment Global, and Web3 media and creative technology studio Blockchain Creative Labs.