‘New’ Fox Reports Higher Profits

Broadcasting Cable reports that the new Fox Corp. reported higher profits in its first quarter as a stand-alone company. Net income for the broadcast giant was $529 million, or 85 cents a share, compared to $457 million, or 74 cents a share, a year ago. Revenues soared 12% to $2.752 billion. CEO Lachlan Murdoch said; ”Our first quarterly results as Fox Corporation demonstrate the strength of our businesses as we delivered strong top-line growth across our operating segments and across our key revenue categories".


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