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Stock impact report

UPDATE 1-Fox tops profit, revenue estimates as cable earnings rise [Reuters]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Reuters
UPDATE 1-Fox tops profit, revenue estimates as cable earnings rise | Reuters Reuters Staff 2 Min Read (Adds analysts’ estimates and details on unit revenues) Aug 8 (Reuters) - Twenty-First Century Fox Inc’s quarterly profit and revenue topped Wall Street estimates on Wednesday, as the Rupert Murdoch-controlled media company earned higher fees from cable distributors. The results come as Fox prepares to sell the bulk of its film and TV assets to Walt Disney Co in a $71 billion deal. The cash and stock transaction has already received approval from U.S. regulators, but awaits approval from more than a dozen countries, including China and Russia and regulators from the European Union. Revenue from Fox’s cable division, home to the Fox News and FX channels, rose 13.8 percent to $4.93 billion in the fourth quarter ended June 30, accounting for more than half of overall revenue. Analysts on average had estimated $4.88 billion, according to Thomson Reuters I/B/E/S. Revenue at Fox’s televisio Show less Read more
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