Fox Corporation on Wednesday reported its second-quarter earnings that beat analysts’ estimates amid growth in advertising revenue from the company’s news networks and sports programming.

The company reported $5.18 billion in revenue for the second quarter of its 2026 fiscal year, an increase of 2% from the prior year quarter and above the LSEG estimate of $5.06 billion. Distribution revenues were up 4% in the quarter, driven mainly by 5% growth in Fox’s cable network programming segment.

Advertising revenues were 1% higher primarily because of higher pricing for ads during sports and news programs, additional MLB postseason games, as well as digital growth led by Tubi – Fox’s free, ad-supported streaming platform. Ad revenue growth was partially offset by lower political advertising revenues and lower ratings.

Fox Corp. is the parent company of Fox News Digital, Fox News Channel and FOX Business Network. (Erik McGregor/LightRocket via Getty Images)

FOX CORP HITS ADVERTISING REVENUE RECORD IN FIRST QUARTER

Fox’s cable programming, which includes Fox News Channel and FOX Business Network as well as its cable sports networks, grew revenue 5% to $2.28 billion in the quarter, while its advertising revenue rose about 7%. 

“Whether streaming, linear, social or digital, Fox News Media continues to meet our audiences where they are,” Fox CEO Lachlan Murdoch said on the company’s earnings call. “Over the past 12 months, a fast-moving and consequential news cycle has reinforced Fox News Media’s leadership position, with audiences turning to the network for live coverage and in-depth analysis.”

Fox Corp. CEO Lachlan Murdoch noted the rise in advertising revenue despite political ad spending declining compared with last year. (Drew Angerer/Getty Images)

“Fox News again finished the quarter as the most watched cable network in total day, while maintaining its lead as the most watched cable news network and producing the top 11 cable news programs,” he noted. “According to recent Nielsen data, Fox News is the number one cable news network among all three political parties, which bodes well for the upcoming political election cycle.”

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“On the digital side, social media views for Fox News Digital were up an astounding 170% over the prior year, and both Fox News and FOX Business ranked number one in YouTube video views among their peers during the quarter,” Murdoch added.

Murdoch said that Tubi saw its most streamed quarter of all time and grew total viewer time by 27% year over year, with the streaming platform’s content slate expanding to include a simulcast of an NFL game on Thanksgiving.

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Fox’s subscription streaming service, Fox One, completed its first full quarter since launching in August, and Murdoch noted the company hasn’t seen any cannibalization of traditional subscribers to date as it looks to market the platform to cord cutters. 

He said that live sporting events are driving the majority of engagement on Fox One, news accounts for about one-third of the minutes viewed and that news viewers engage with the platform more frequently than non-news viewers.

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Fox Corporation is the parent company of FOX Business.

Samsung Electronics Co. is gearing up for what could be its most ambitious foldable year yet, with the Galaxy Z Fold 8 slated for an official unveiling in July 2026 during the company’s summer Galaxy Unpacked event, according to multiple leaks, industry reports and supply chain filings.

The flagship book-style foldable, along with the Galaxy Z Flip 8 and a new wider variant dubbed the Galaxy Z Fold 8 “Wide,” is expected to headline the event, marking a pivotal moment as Samsung defends its dominance in the foldable market against intensifying competition — particularly from Apple’s anticipated first foldable iPhone, rumored for later in 2026.

Leakers including Evan Blass, Ice Universe and outlets such as ET News, PhoneArena and Forbes have converged on a mid-summer timeline, aligning with Samsung’s established pattern. The Galaxy Z Fold 7 launched in July 2025, following predecessors like the Z Fold 6 in 2024. Pre-orders typically open immediately after the Unpacked keynote, with devices hitting retail shelves within two to three weeks — pointing to general availability by late July or early August 2026.

A GSMA database certification for models including SM-F976 (standard Z Fold 8) and SM-F971 (the “Wide” variant) supports global rollout plans, with listings indicating availability in key markets such as the U.S., China, Canada, Korea and Europe. Unlike the limited-edition Galaxy Z TriFold released in January 2026 at a premium $2,899 price point, the Z Fold 8 series is positioned for broader consumer access.

Design Evolution: Thinner, Lighter and Crease-Free Ambitions

Samsung’s focus for the Galaxy Z Fold 8 appears centered on addressing long-standing foldable pain points: weight, thickness and the visible display crease. The Z Fold 7 already slimmed down to 215 grams from the Z Fold 6’s 239 grams, but leaks suggest the Z Fold 8 could drop further to around 200 grams — barely heavier than many traditional slab flagships.

This weight reduction would come despite a rumored battery capacity increase to 5,000mAh from the Z Fold 7’s 4,400mAh, potentially delivering better all-day endurance. Reports from Korean media like Maeil Business and SamMobile indicate Samsung is exploring advanced materials and hinge designs to achieve this balance.

A major highlight is the push toward a “nearly crease-free” inner display. Leaks from CES 2026 demonstrations and supply chain sources point to new “laser-drilling metal plate technology” for the hinge, minimizing the fold line that has plagued foldables since their inception. Some reports claim this could represent the “first true crease-free foldable display” in a commercial device, though real-world visibility remains to be tested.

The standard Z Fold 8 is expected to retain a roughly 7.6-inch inner OLED panel with a high refresh rate (likely 120Hz) and the signature narrow 6.3-inch cover screen. Cover display usability has improved across generations, and further refinements in aspect ratio and bezels are anticipated.

The ‘Wide’ Variant: A Direct Response to Apple’s Foldable Push

Perhaps the biggest surprise in the 2026 lineup is the Galaxy Z Fold 8 “Wide,” a variant with a squarer 4:3 aspect ratio inner display (around 7.6 inches unfolded) and a 5.4-inch cover screen. This design shift aims to better suit video consumption, multitasking and app compatibility — addressing criticisms of the traditional tall-and-narrow Z Fold format.

ET News and Forbes reports indicate the Wide model was initially eyed for a fall release to directly counter Apple’s rumored iPhone Fold (expected September 2026 with a similar 4:3 inner display). However, recent updates confirm it will launch alongside the standard Z Fold 8 in Q3 2026, potentially giving Samsung a head start. Production targets of around 1 million units for the Wide variant suggest cautious optimism for its market reception.

The wider format could enhance productivity features like DeX mode, multi-window multitasking and S Pen support (rumored to return or improve). It also positions Samsung to capture users transitioning from tablets or those frustrated by vertical video cropping on standard foldables.

Camera, Performance and AI Upgrades

While full specs remain under wraps, leaks point to meaningful camera improvements. The ultrawide lens is expected to upgrade from 12MP to 50MP, joining a likely 50MP main and telephoto setup for better low-light performance and detail.

Under the hood, Qualcomm’s Snapdragon 8 Elite Gen 2 (or equivalent) is the frontrunner, paired with up to 16GB RAM and storage options starting at 256GB. One UI 8 based on Android 17 will bring deeper Galaxy AI integration, including enhanced real-time translation, note summarization and photo editing tools tailored for the large inner screen.

Durability remains a priority, with IPX8 water resistance expected to continue and potential advancements in hinge cycles (aiming for 200,000+ folds).

Pricing and Market Strategy

Pricing is a point of speculation. The Galaxy Z Fold 7 started around $1,799–$1,999, and while some reports suggest stability, others warn of a potential uptick due to component costs and upgrades. The Wide variant could carry a slight premium, though Samsung aims to keep the lineup competitive against emerging rivals.

Samsung’s production plans reflect confidence in the book-style form factor. Industry sources report targets of approximately 3.5 million Z Fold 8 units (including variants) for the second half of 2026, surpassing the 2.5–3 million for the Z Flip 8 — a reversal from recent years where the Flip outsold the Fold.

This shift underscores Samsung’s belief that larger-screen foldables will drive growth as the category matures. With foldable shipments growing globally and Apple poised to enter, the Z Fold 8 series represents a critical defense of market leadership.

Competition and Consumer Impact

The foldable landscape in 2026 is heating up. Google’s Pixel Fold successors, OnePlus Open updates, Honor and Oppo devices, plus Apple’s debut, create a crowded field. Samsung’s advantages include ecosystem integration (Galaxy Watch, Buds, tablets), proven reliability improvements and aggressive AI features.

For consumers, the Galaxy Z Fold 8 promises a more refined experience: lighter for pocketability, longer battery life for productivity, better cameras for creators and a wider option for media enthusiasts. Early adopters may see trade-in deals and carrier promotions at launch.

Samsung has not commented on the leaks or confirmed details. As with previous generations, full specifications, pricing and availability will be revealed at the July 2026 Unpacked event.

With months until announcement, anticipation builds for how Samsung will balance innovation, durability and price in its quest to make foldables mainstream. The Galaxy Z Fold 8 could mark a turning point — proving foldables are no longer niche but essential for power users.

The Space North East England delegation touched down in Orlando for Florida Commercial Space Week

Entrepreneurs and innovators from the North East have jetted to the US as part of moves to attract investment in the region’s booming space sector.

The Space North East England delegation touched down in Orlando for Florida Commercial Space Week, an annual event bringing together industry leaders with Government and military leaders, for four days of strategy and collaboration to advance the global commercial space economy.

The regional delegation included representatives from UK space companies and the North East’s universities, keen to build international partnerships, showcase capability and explore new opportunities during a packed programme of conferences, meetings and site visits.

Those taking part included Durham, Newcastle and Northumbria universities as well as North East companies MSP and NEL Technologies.

Lisa Mullen, interim cluster manager of Space North East England, who coordinated and led the trip, said: “Our mission brought North East England’s leading innovators into the heart of Florida’s booming space ecosystem during Commercial Space Week to SpaceCom 2026. It helped us forge new collaborations and opened market opportunities, as well as reinforcing transatlantic links across the commercial space sector.”

Over the course of the five-day visit, which concluded at the weekend, the team visited the University of Central Florida, with the programme focusing on industry, academia, and the broader space ecosystem. The delegation also headed to Florida’s Space Coast for meetings and site visits with some of the world’s most influential space organisations, and spent two days were spent attending Commercial Space Week, SpaceCom 2026 in Orlando, to pitch products and services to potential investors and partners.

Ms Mullen said: “It was a fantastic visit for the delegation and we hope we’ve done the North East proud and that the relationships we’ve built and the contacts we’ve made will benefit the region’s space sector, which has continued to go from strength to strength in recent years.

“There’s no substitute for being in the room where things are happening, and it was great for us to be there representing the region, showing the skills and expertise we can contribute to investors in this field.”

The visit was arranged by the Government’s Department for Business and Trade and hosted by the British Consulate General in Miami. A delegation from Space Florida is expected to visit the North East next month to further strengthen international ties.

Athens — At least 15 migrants died after a high-speed speedboat carrying them collided with a Greek Coast Guard patrol vessel off the eastern Aegean island of Chios late Tuesday, authorities said Wednesday, in a rare direct vessel-to-vessel incident amid ongoing Mediterranean migration pressures.

The Hellenic Coast Guard reported recovering the bodies of 14 people — 11 men and three women — from the sea shortly after the crash in the Myrsinidio area near Vrontados. One additional woman succumbed to injuries in a hospital on Chios, raising the confirmed death toll to 15, all migrants. Another 25 people, including about 11 children, were rescued and taken to local medical facilities for treatment. Two Coast Guard officers sustained injuries in the collision and were also hospitalized.

A search and rescue operation involving patrol boats, a helicopter, and divers continued into Wednesday morning for any remaining missing individuals, though no additional survivors or bodies had been located by midday.

The incident occurred during an interception attempt, according to the Coast Guard. Officials stated the speedboat — believed to have originated from the Turkish coast — was making “dangerous maneuvers” while being pursued in the Chios Strait. The collision happened as the vessels closed in, though exact circumstances, including speed and evasive actions, remained under investigation.

This type of direct collision between a migrant vessel and a patrol boat is highly unusual in the Aegean Sea, a primary migration route from Turkey to Europe. Most fatalities in the region stem from capsizings in rough weather, overcrowded boats sinking, or drownings after vessels are abandoned. Direct impacts like this one highlight the risks of high-speed pursuits in crowded maritime corridors.

The migrants were predominantly Afghan nationals, per preliminary reports from Greek media and migration monitoring groups. Survivors described chaotic scenes, with people thrown into the water upon impact. Hospital sources in Chios confirmed treating numerous cases of hypothermia, fractures, and trauma among the rescued children and adults.

Greece’s coast guard emphasized that its vessels operate under strict protocols to prevent illegal crossings while prioritizing human life. The agency has faced repeated criticism from human rights organizations over alleged pushbacks and aggressive interceptions in the Aegean. In this case, no immediate allegations of deliberate ramming surfaced, but migrant advocacy groups called for a transparent probe.

The European Union’s border agency Frontex and international observers have long monitored the route, where thousands attempt the crossing annually despite dangers. The Aegean remains one of the deadliest migration paths, with hundreds dying each year from shipwrecks and exposure.

Wednesday’s tragedy drew swift reactions. The United Nations refugee agency UNHCR expressed deep concern and urged a full investigation to determine contributing factors. Human Rights Watch and other NGOs reiterated calls for safer legal pathways to Europe and an end to practices that endanger lives during enforcement.

Greek Prime Minister Kyriakos Mitsotakis’s government has maintained a firm stance on migration control since 2019, including fortified borders and rapid returns under EU-Turkey agreements. The incident could intensify debates ahead of EU migration policy reviews.

For the survivors now in Chios hospitals, the focus shifted to recovery and next steps. Many face asylum processing on the island or transfer to mainland facilities. Children among the injured received priority care, with psychologists on site to address trauma.

The speedboat, heavily damaged, was towed for examination as part of the ongoing inquiry. Authorities have not released details on the number of people originally aboard or the exact pursuit timeline.

This event underscores persistent challenges in managing irregular migration across the eastern Mediterranean. Smugglers continue using fast vessels to evade patrols, often at great risk to passengers. Greek officials have repeatedly warned of the dangers, while critics argue enforcement tactics exacerbate fatalities.

As rescue efforts wound down, attention turned to accountability and prevention. The Coast Guard reiterated its commitment to saving lives, noting the rescue of 25 people despite the tragedy.

The collision adds to a grim tally on the Aegean route. In recent years, similar pursuits have led to drownings when boats overturned, but direct collisions remain exceptional — making this incident particularly shocking.

Survivors’ accounts, filtered through interpreters, painted a picture of terror: high speeds, sudden impact, and people flung into cold February waters. One rescued migrant told local media the boat was overloaded and moving erratically to escape detection.

International maritime law requires vessels to render assistance in distress, a principle both sides invoke in post-incident statements. The investigation will likely scrutinize navigation logs, radar data, and witness testimonies from Coast Guard crews and survivors.

For Chios residents, the event brought somber reminders of the migration crisis at their doorstep. Locals have long assisted in rescues, providing food and clothing to arrivals.

As the death toll stands at 15 — with searches ongoing — the incident serves as a stark warning of the human cost in migration enforcement. Mediators and policymakers face renewed pressure to address root causes while ensuring safety at sea.

The Greek Coast Guard has not ruled out further developments in the case. An official statement promised cooperation with judicial authorities for a thorough review.

In the meantime, the Aegean remains a perilous frontier, where hope for a better life collides with the harsh realities of borders and seas.