Economy
Thursday, August 04, 2016
A significant increase in profit. Dream audience at Fox News because of the media hype surrounding the presidential candidate Donald Trump:. All that is not enough for 21st Century Fox from but to satisfy investors and analysts
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The US entertainment giant 21st Century Fox has disappointed investors with its quarterly figures. In the three months to the end of June, net sales as compared to the previous year by seven percent to 6.6 billion dollars (currently about 5.9 billion euros), as the group of media mogul Rupert Murdoch announced. Analysts, however, had expected more. The stock fell after trading at times of more than four percent.
The surplus put surprisingly strong of 87 567 million dollars. however basic were not least a tax credit and high recurring costs in the same period. Fox comes the big hype about the US presidential election campaign benefited brings high ratings and advertising revenue to the current conservative news channel.
More aboutSo a sales increase of ten per cent was recorded in the cable sector. However, here, too, the costs increased significantly, so that the operating result ultimately was lower than last year. A lot of money went, among other things for football rights on it.
In addition to numerous television channels to Murdoch company also owns the Hollywood studio 20th Century Fox. The film division managed a sales increase of almost seven percent, but played because of high spending less money than last year. During the year, the surplus of the Group of 8.3 fell to 2.8 billion dollars. The numbers, however, are distorted due to massive special items. Sales rose by one percent to 27.3 billion dollars.
Source: n-tv.de
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