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Softer Ratings Will Weigh Over Fox's Q3 Earnings

5 years ago|1 view
Expect a muted quarter when 21st Century Fox reports its Q3 fiscal 2014 earnings on May 7. Fox News will continue to do better since it was the only news network to grow in the March quarter, as compared to the prior year period. As far as the movie business is concerned, the company currently commands 11% market share in the U.S. with box-office, grossing in excess of $320 million. However the studio's hit for 2014 so far is Rio 2, the benefit of which will be seen only in the next quarter.

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