Entertainment
Mets Owner Steve Cohen’s Firm Discloses Large Stake in Fox Corp.
Cohen’s hedge fund Point72 revealed the approximately 5 percent stake in Fox this week.
A high-profile investor has disclosed a significant stake in Fox Corp.
Steve Cohen, the hedge fund billionaire and owner of the New York Mets on Tuesday revealed that his firm, Point72, now owns about 5 percent of Fox’s shares, with a market value of about $350 million as of writing.
Point72 owns just shy of 10 million shares, with another 2.37 million exercisable in options. The company disclosed the holdings on a form 13G with the Securities and Exchange Commission, suggesting that it is a passive investment (active investments are usually filed on form 13D).
While Cohen is one of the most high-profile investors in the country (the character of Bobby “Axe” Axelrod in the Showtime series Billions is loosely based on Cohen), he is not known for running activist campaigns. Instead, Point72 is known for identifying opportunistic investments that other firms may have missed, and making large, concentrated bets on them.
In the case of Fox, it could be because of the potential for a larger deal or sale, or a bet that its strategic position is a strong one. Fox, for example, will bring its live sports to streaming for the first time later this year in a bundled offering with Disney and Warner Bros. Discovery.
Filings suggest that Point72 accumulated most of its Fox holdings in recent weeks. In its last quarterly report, filed in February, Point72 reported owning about 740,000 shares of Fox.
Fox Corp. owns the Fox broadcast network, Fox News and Tubi, among other businesses.
Fox, of course, was founded by Rupert Murdoch, and the Murdoch family effectively controls the company, with 42.9 percent of voting shares. Point72’s 5 percent stake would make it the fourth largest shareholder in the company, after only the Murdochs and the index fund managers Vanguard and Dodge & Cox.
A spokesperson for Point72 declined to comment on the investment, and a spokesperson for Fox declined to comment.
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Entertainment
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Jelly Roll, the big character with the arena-sized draw, scaled things down Wednesday for a relatively intimate show in the city he affectionately called his “second home.”
The breakout country-rock-rap star hit the Fillmore Detroit to serve up a 1-hour, 15-minute set of familiar tunes — and one brand-new song — for a capacity crowd of 3,000.
Billed as “The Night Before,” the WYCD-sponsored show wasn’t officially affiliated with the NFL Draft, which will run Thursday-Saturday just down Woodward Avenue from the Fillmore. But in a downtown corridor already buzzing ahead of the big event, Jelly Roll’s visit certainly fit the festive mood.
Coming just eight months after a sellout show at Pine Knob Music Theatre, the Fillmore was the Tennessee native’s most intimate Detroit concert since his gigs years ago at spots such as Harpo’s and the Shelter — venues he shouted out Wednesday while vowing his next one in the city will be at Little Caesars Arena.
Jelly Roll, in typical chatty and high-spirited form, loaded his 18-song set with material from “Ballads of the Broken” and “Whitsitt Chapel,” the albums that propelled him onto the national radar after years in the musical trenches, making him the toast of awards shows and gushing cover stories.
Much of that appeal comes from his rags-to-redemption personal story — from teen battles with drugs and prison to life as a cleaned-up redneck hero with an often-penetrating lyrical touch.
He was introduced onstage Wednesday by quasi-Detroiter Flavor Flav, who led the crowd in a singalong of Jelly Roll’s “Save Me,” the same song that would later close the show.
Bunnie XO, his wife and a frequent fixture at his shows, was on the West Coast taping her Dumb Blonde podcast, Jelly Roll alerted the crowd. But for “Kill a Man,” on which Bunnie is a typical duet partner live, the night got another special guest: Singer Madeline Merlo, who sang on the original 2023 track.
As with his previous Detroit stops, the gregarious singer-rapper shared generous Motor City love: He manned the stage in a royal-D Tigers ballcap, gushed about Detroit as home to both his favorite rapper and rock ‘n’ roller (Eminem and Bob Seger), saluted the Lions’ recent successes and applauded the city’s resurgence.
Ahead of “Son of a Sinner” — the 2022 hit that became his first country chart-topper — Jelly Roll had kind words for his night’s host, hailing WYCD’s Tim Roberts as one of the first country radio programmers to “take a chance” on his music.
Fans at the Fillmore, many of them WYCD contest winners, got treated to a sneak peek of a new work, “Liar,” another wrestling-demons song with a catchy ’70s touch.
Jelly Roll’s Wednesday show was his sixth Michigan appearance since 2023, and he’ll make it seven when he plays the biggest one of his career — a headlining set at July’s Faster Horses Festival.
Contact Detroit Free Press music writer Brian McCollum: 313-223-4450 or [email protected].
Raise your glasses high because Jax Taylor and Brittany Cartwright have reunited for a special night out.
Yes, nearly three months after the Vanderpump Rules couple announced their separation, the duo attended the 2024 White House Correspondents’ Dinner together in Washington, D.C.
For the April 27 occasion—hosted by Colin Jost at the Washington Hilton and attended by President Joe Biden—Brittany wore a strapless black gown with corset-style bodice adorned with sequins, while her estranged husband donned a black tux, as seen in photos posted by the Daily Mail.
While the two did not pose together on the red carpet upon their arrival at the star-studded event, Jax shared a video of Brittany at their shared dinner table on his Instagram Stories. As she adjusted her dress, she told him, “Wait ’til I’m ready!”
And though The Valley couple put on a united front earlier this month for their son Cruz‘s third birthday, this is their first public night out since they shared news of their split in February.
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