News Corp. released its second quarter earnings today, and cited FNC in its report:
The Fox News Channel (FNC) increased its operating income 32% versus the second quarter a year ago, primarily from increased affiliate revenues on higher rates and advertising revenue growth from higher pricing. During the quarter, FNC achieved its highest rated quarter ever in prime time with coverage of the U.S. national and local elections. Additionally, viewership at FNC was more than 62% greater than its nearest competitor in prime time and more than 46% higher on a 24-hour basis, reflecting FNC’s broadcast of the top 5 shows in cable news and 10 of the top 14.
> Update: While FNC may have performed well, News Corp. actually recorded a 6.4 billion dollar loss in the fourth quarter on TV.