FNC Reports 25 Percent Fiscal Year Growth

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By Brian 

Here’s the FNC paragraph from tonight’s News Corp. earnings release:

“The FOX News Channel (FNC) reported operating income growth of 15% for the fourth quarter, principally from higher revenues, and 25% growth for the full year, mainly from advertising revenue gains driven by increased pricing and volume. The fourth quarter was the 18th consecutive quarter FNC has held the number one position in cable news and for the full year FNC’s viewership was over 90% higher than its nearest competitor in primetime and 75% higher on a 24-hour basis, reflecting FNC broadcasting the top five shows in cable news.”