Fox's revenue rises 18 percent

Fox's revenue rises 18 percent

Twenty-First Century Fox Inc's quarterly revenue jumped 17.7 percent as the Rupert Murdoch-controlled media company received higher fees from cable distributors.

FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Man
FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New York, U.S., June 15, 2018. REUTERS/Eduardo Munoz/File Photo

REUTERS: Twenty-First Century Fox Inc's quarterly revenue jumped 17.7 percent as the Rupert Murdoch-controlled media company received higher fees from cable distributors.

Fox said on Wednesday net income attributable to shareholders increased to US$920 million or 49 cents per share in the fourth quarter ended June 30, from US$476 million or 26 cents per share a year earlier.

Revenue rose to US$7.94 billion from US$6.75 billion.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Sai Sachin Ravikumar)

Source: Reuters

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