Aussie Horse Trainer Cummings Dies Clubs Sell Close To 180K Season Tickets Executive Transactions Names In The News IAAF Event Draws Over 1.5M Viewers HBL Signs Media Deals In Five Countries Coe Looks To Shift Athletics Conversation Women's Sports Breaking Glass Ceilings Sky Sports Wins England-Pakistan Series Wenger Says FFP Has Been Killed
SBD Global/February 7, 2014/FinancePrint All
Gains at 21st Century Fox's cable networks were "offset by declines" in its movie, broadcast and direct-broadcast satellite businesses during its second fiscal quarter, according to Jon Lafayette of BROADCASTING CABLE. Net income fell 50% to $1.2B, or 53 cents a share, from $2.4B, or $1.01 a share a year ago, "as expenses associated with acquisitions and consolidations added red ink." 21st Century Fox's cable network programming group's operating income rose 2% to $1.04B. Profit growth "was held down by a 22% increase in expenses as the company launched new channels including Fox Sports 1, FXX and Star Sports in India." Revenues were up 14% to $3B. Domestic affiliate growth "was up 15%, led by gains at the regional sports networks and FX" (BROADCASTING CABLE, 2/6).