Fox’s cable business was a bright spot, with operating income of $1.68 billion for the quarter, up 16% from a year ago. FX network drama The Assassination of Gianni Versace: American Crime Story and the Donald Glover comedy Atlanta were two shows Murdoch identified as performing well.
“Our cable segment delivered its highest earnings ever in our fiscal third quarter, propelled by sustained double-digit gains in domestic affiliate revenues,” said Executive Chairmen Rupert and Lachlan Murdoch. “Creatively, we are firing on all cylinders. Our stand-out programming continues to drive up the value of our video brands to distributors, as well as build our direct relationship with consumers, as we’re demonstrating with the successful inaugural season of Indian Premiere League on STAR Sports and Hotstar platforms.”
21st Century Fox Falls Short Of Earnings Expectations, As Broadcast TV Revenue Plummets
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