FOXA: 10-K Risk Factor Changes

2023 vs 2022  ·  SEC EDGAR  ·  2026-10-16
⚠ AI Risk Brief Interpretation layer — deterministic data below

Labor and economic risks intensified while COVID concerns dropped; nine risk factors substantively revised for 2023.

✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

0
New Risks
1
Removed
9
Modified
18
Unchanged
🟡 Modified Disclosure change6/10

Labor disputes may disrupt our operations and adversely affect the Company’s business, financial condition or results of operations.

low match confidence

Sentence-level differences:

  • Reworded sentence: "In a variety of the Company's businesses, the Company and its partners engage the services of writers, directors, actors, musicians and other creative talent, production crew members, trade employees and others whose services are subject to collective bargaining agreements."
  • Reworded sentence: "Any labor disputes that occur in any sports league for which we have the rights to broadcast live games or events may preclude us from airing or otherwise distributing scheduled games or events, resulting in decreased revenues, which could adversely affect our business, financial condition or results of operations."

Current (2023):

View prior text (2022)

In a variety of the Company's businesses, the Company and its partners engage the services of trade employees and others who are subject to collective bargaining agreements. If the Company or its partners are unable to renew expiring collective bargaining agreements, the affected unions could take action in the form of strikes or work stoppages. Such actions, as well as higher costs in connection with these collective bargaining agreements or a significant labor dispute, could have an adverse effect on the Company's business by causing delays in production or reducing profit margins. Moreover, the Company has certain collective bargaining agreements, which are industry-wide agreements, and the Company may lack practical control over the negotiations and terms of the agreements in dispute.

In addition, our broadcast television and cable networks have programming rights agreements of varying scope and duration with various sports leagues to broadcast and produce sports events, including certain college football and basketball, NFL and MLB games. Any labor disputes that occur in any sports league for which we have the rights to broadcast live games or events may preclude us from airing or otherwise distributing scheduled games or events, resulting in decreased revenues, which could adversely affect our business, revenue and results of operations.

🔴 No Match in Current Filing The COVID-19 pandemic and other widespread health emergencies or pandemics could materially adversely affect the Company's business, financial condition or results of operations. 🔒
🟡 Modified The Company is exposed to risks associated with weak economic conditions and increased volatility and disruption in the financial markets. 🔒
🟡 Modified The loss of key personnel, including talent, could disrupt the management or operations of the Company’s business and adversely affect its revenues. 🔒

And 6 more changes in the full comparison.

9 changes in this historical filing

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