After Rupert Murdoch recently took on the role of chairman emeritus, the company reported its fiscal first-quarter results, with advertising hit by 'lower political advertising revenues at the Fox Television Stations and the impact of elevated supply in the direct response marketplace at Fox News Media.
Fox Corp.
, led by executive chair and CEO Lachlan Murdoch, reported improved fiscal fiscal-quarter financials on Thursday as advertising revenue fell 2 percent in the period ended Sept. 31, but affiliate revenue rose 2 percent. “Other” revenue also improved by 2 percent. The company reported quarterly earnings of $415 million, compared with a year-ago profit of
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