Fox Will Invest $150 Million in Broadcast Programming

Strategy ‘offensive, not defensive,’ says Chase Carey

The newly-created 21st Century Fox had its first earnings call on Tuesday afternoon, and, perhaps befitting its status as half of the old News Corp., took half as long as most earnings calls with 15 minutes of presentation and another 15 minutes allotted for a Q&A.

The entertainment company, healthy but a few cents off from predictions for quarterly earnings, started off on a somber note with 21st Century Fox evp and chief financial officer John Nallen warning investors that the next few quarters would be rougher.

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