Higher fees for the Fox News, FX and sports cable networks lifted revenues for 21st Century Fox Inc. and helped offset weak performances from the Fox Broadcasting and film units in the most recent quarter. The cable networks unit reported a 10% gain in the fees pay-TV distributors pay to carry the channels compared with the same period a year ago. Domestic advertising revenue was up 6%, driven by higher ratings at Fox News and price...

Source: Wall Street Journal August 09, 2017 20:51 UTC