Fox Corp. Earnings: Lachlan Murdoch Lauds News Cycle, Sports Schedule

📆 02/11/2023 14:12:00

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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.

📆 02/11/2023 14:12:00
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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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