Lower Ratings At Broadcasting Weighs Over Fox’s Earnings

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The cable networks grew strongly led by ICC Cricket World Cup coverage on Star Sports in Asia. The company also benefited from the success of its studio operations led by Kingsman: The Secret Service and Taken 3. Lower ratings at the broadcasting networks weighed over segment advertising income, which declined a massive 31% during the quarter. We believe this trend in broadcasting will continue in the near term led by growth in other video platforms and a shift in advertising dollars from television to digital and social media.

Vía Forbes Real Time http://ift.tt/1Ffi2FZ