FNC Reports 24% Rise In Operating Income

“News Corp., the media company run by Rupert Murdoch, said second-quarter profit almost tripled, buoyed by asset sales and higher sales at its cable television networks,” Bloomberg reports. “Profit from the cable-networks business rose 15 percent as Fox News Channel attracted more viewers and FX increased the fees it charges cable providers…

More: “Fox News Channel reported a 24 percent increase in operating income as it sold more advertisements and raised prices, the company said. The network draws the biggest audience among cable news networks, averaging 1.77 million viewers in prime time. News Corp. in December signed its TV news chief, Roger Ailes, to a $25 million, five-year contract as his channel continued to lure viewers and advertisers away from competitors including CNN.”