However, the Rupert Murdoch-controlled parent of Fox News and FX posted second-quarter revenue that fell short of expectations. On an analysts' call Monday, Fox Executive Chairman Lachlan Murdoch noted that the Super Bowl, which Fox hosted on Sunday night, marked the company's first US$500 million dollar revenue day. Fox said revenue at its cable division, which houses the Fox channels among others, rose 7.1% to US$3.97 billion in the quarter ended Dec 31. Twenty-First Century Fox said revenue in its film division decreased nearly 4%. Excluding items, Fox earned 53 US cents per share, above analysts' average estimate of 49 US cents.

Source: The Edge Markets February 07, 2017 00:33 UTC