Slide in Fox earnings in line with forecasts

21st Century Fox reported a sharp drop in profits in the past quarter, largely in line with forecasts for Rupert Murdoch's media-entertainment conglomerate. Revenues for the group that operates the Fox studios in Hollywood and a range of television operations were down one percent from a year earlier to $7.38 billion, below the consensus forecast of $7.51 billion. The drop in revenues came as a result of weaker performance from the filmed entertainment unit and currency impact, offset in part by improvements in cable and broadcast television.

Read More http://ift.tt/1T9eFWQ

Bagikan Berita Ini