Fox's Cable Business Benefits from Price Increases, Subscriber Growth
Dow Jones11-02 23:05
1005 ET - Fox's cable-network business--which includes Fox News, Fox Sports 1 and Fox Business--recorded quarterly revenue of $1.8 billion, up 8% from the year-ago period. The gain was due to contractual price increases and growth in the average number of subscribers, the company says. Higher sports advertising revenue, including a boost from the World Cup, also contributed to the segment's growth. Fox Corp. and Wall Street Journal parent News Corp share common ownership.
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