August 9, 2017 / 8:08 PM / a year ago

Twenty-First Century Fox posts 1.5 percent rise in quarterly revenue

Aug 9 (Reuters) - Rupert Murdoch-controlled Twenty-First Century Fox Inc reported a 1.5 percent rise in quarterly revenue, boosted by its cable business.

The owner of Fox News and 20th Century Fox movie studio said revenue increased to $6.75 billion in the fourth quarter ended June 30 from $6.65 billion a year earlier.

Net income attributable to shareholders fell to $476 million, or 26 cents per share, from $567 million, or 30 cents per share.

Fox offered, in December, to buy the nearly 61 percent of European pay-TV group Sky Plc that it does not already own for $14.5 billion.

The offer is being closely scrutinized by the British government and is likely to be referred to the competition watchdog for a full investigation, delaying the approval. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Savio D'Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below