Lachlan Murdoch Talks ‘Programming Changes’ at Fox News

By Chris Ariens 

After seeing its biggest revenue day ever Sunday–ringing up $509 million in Super Bowl commercials–21st Century Fox reported its full Q2 earnings on Monday, showing profit shot up 27 percent.

The company, which owns FOX TV, Fox News, Fox Business as well as 20th Century Fox movie and television studios, had net income of $856 million, up from $672 million in the same quarter in 2015. The World Series and the 2016 election were the main drivers of growth.

On the earnings call, company co-chairman Lachlan Murdoch talked about the big year at Fox News telling investors FNC was “the most watched cable network and achieved its highest-rated year in history.” He added “that strength has continued unabated.”

While not mentioning Megyn Kelly by name, Murdoch noted recent year-over-year growth in the 7 p.m. and 9 p.m. time slots, “following recent programming changes.” He said the network’s continued success underscores the power of Fox and the “continued loyalty of its viewers.”

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