Fox Corp. Sees Q3 Profit Dip, Citing Absence of Super Bowl

By Brian Steinberg

Brian Steinberg

Senior TV Editor

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Fox Corp. said the absence of a Super Bowl broadcast in its third fiscal quarter led to a downturn in profit and revenue, even as its cable operations showed increases in key areas.

The owner of Fox News Channel and the Fox broadcast network said revenue fell to $3.99 billion during the period, compared to the $4.37 billion in the year-earlier quarter. And while distribution revenue rose 3% thanks to activity from the company’s cable operations, none of it could truly offset comparisons with last year’s period. Advertising revenue came to $1.56 billion, compared to the $2.04 billion in last year’s period.

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