(Aug 7, 2014) 21st Century Fox saw its fourth-quarter net earnings rise, thanks to gains from its filmed entertainment segment and cable networks.
The company, which recently called off its bid to take over Time Warner, reported quarterly revenues of $8.42 billion, a 17-percent increase over the same period a year ago. This was lifted by an increase at the filmed entertainment segment, which was led by higher theatrical revenues, and also double-digit growth at the cable network programming and direct broadcast satellite (DBS) television segments. Cable got a boost from higher affiliate revenues, while DBS was helped by solid subscription revenues. Operating income gained 19 percent to $1.77 billion.
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