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entertainment media/telecom

Fox Buys Ad-Supported Streaming Service for $440 Million

Rupert Murdoch’s Fox Corp is buying Tubi, an ad-supported streaming service, for $440 million. It’s the latest acquisition by a big media company to acquire an ad-supported streaming startup. Viacom spent $340 million to buy Pluto early last year and Comcast is reportedly looking at buying another service, Xumo.  More companies are looking at ad supported video as a way to offer something...

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YouTube CEO Susan Wojcicki. Photo by Bloomberg
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Illustration by Clark Miller.
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Verily headquarters in San Francisco. Photo by AP.
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Stripe CEO Patrick Collison. Photo by Bloomberg.
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