In Other News · United States · Entertainment

Fox Corp. Sees Q1 Profit Hike on World Cup, Political Ads

Source: Variety

Summary

Fox Corporation said profit in its fiscal first quarter was bolstered by advertising revenue tied to its multi-week telecast of the FIFA World Cup as well as increases in political ads and in the number of subscribers to its TV networks — dynamics that many traditional media corporations are hard-pressed to duplicate in the streaming […]

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