Fox announces new unit to house digital businesses

Media company Fox Corp on Wednesday said it would house its standalone digital businesses under a new unit, Tubi Media Group, along with its news, sports and entertainment digital platforms.

Fox’s standalone digital businesses include free, ad-supported streaming platform Tubi, which Fox acquired in 2020; Tubi founder Farhad Massoudi will now step down as its chief executive officer.

Paul Cheesbrough, who previously served as technology chief and president of Fox’s digital unit, will become the CEO of the new division, the company said.