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Cable Channels Driving News Corp.'s Profits In Most Recent Quarter
Published May 9, 2013
The upcoming launch of Fox Sports 1 has “garnered attention from Wall Street analysts who expect it to compete with ESPN.” News Corp. COO Chase Carey said that sports “were the ‘driving force’ behind the company’s channels business,” but added that sports “should not ‘cloud the importance’ of Fox News, FX and other channels” (N.Y. TIMES, 5/9).