Hilfiger Teams Up With Rafael Nadal PCB To Donate Proceeds To Families Coke To Sponsor Rugby World Cup 2015 Gov't Advises Clampdown On Alcohol Ads ECA, EPFL Want Spring World Cup In '22 Executive Transactions Coors Signs Deal With Two EPL Clubs Dresden Increases Stadium Rent Subsidy Names In The News Spanish Footballers Demand Owed Salary
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).