Fox’s revenue rises 18 percent

(Reuters) – Twenty-First Century Fox Inc’s quarterly revenue jumped 17.7 percent as the Rupert Murdoch-controlled media company received higher fees from cable distributors.

FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New York, U.S., June 15, 2018. REUTERS/Eduardo Munoz/File Photo

Fox said on Wednesday net income attributable to shareholders increased to $920 million or 49 cents per share in the fourth quarter ended June 30, from $476 million or 26 cents per share a year earlier.

Revenue rose to $7.94 billion from $6.75 billion.

Reporting by Munsif Vengattil in Bengaluru; Editing by Sai Sachin Ravikumar

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