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Comment by mikeiz404 | Hacker News Reader

For context: It’s ~0.01% ($.5M/$4.4B) of the company’s revenue for that year.

(I’m not weighing in one way or the other here)

> That may be difficult, however, since the FCC says in its proposal that the company had $4.44 billion of revenue in 2021.

Edit: Wow, looks like I really messed up the math. It has been updated. Thanks for the comments pointing that out/asking about it.

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Is that profit for the sports division only? Briefly looking just found the overall profit:

  2021 Profit:   $       2,150,000,000
  Proposed Fine: $             504,000
  Fine / Profit * 100:          0.023%

[Profit Source](https://www.google.com/finance/quote/FOX:NASDAQ?sa=X&ved=2ah...)

I misread the article and thought the 4.4B number was profit and not revenue. Also I really messed up the math on the units.

> Fox now has 30 days to either pay the fine or to appeal, including seeking a reduction in its size. That may be difficult, however, since the FCC says in its proposal that the company had $4.44 billion of revenue in 2021.

Emphasis added.

Sounds like they're suing Fox, and Fox's gross profit for 2022 was $4.86 billion, so that's more like 0.01%.

Can you clarify if that's Fox Sports, this particular Fox branch or the Fox Corporation as a whole?

I believe it’s revenue for Fox in general. The number is pulled from the article but I messed up the original calculation.

Ah no worries - I thought that Fox had a revenue in the billions last year so I was really surprised to hear they had a profit sitting around five million.

11%? Source?

I updated the comment. The source for the revenue was from the article but I messed up the calculation.

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