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Fox Reports Higher Third-Quarter Earnings

Fox reported higher net income in its fiscal third quarter, led by its cable programming operations. FoxNet income rose to $314 million, or 48 cents a share from $24 million. The increase reflected in part the sale of Fox’s stake in Roku and re-valuing other investments. Adjusted EBITDA and adjusted net income were down from a year ago. Revenues were up 5% to $3. 78 billion.

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