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Fox Corp. Ad Revenue Jumps 14 Percent, Driven by Fox News, Record Political Ads at TV Stations

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

Fox. Corp. reportedits fiscal second-quarter financials on Tuesday, which benefited from strength at Fox News and local TV stations due to the U.S.

elections despite the coronavirus pandemic. The company, led by CEO and executive chairman Lachlan Murdoch and chairman Rupert Murdoch, said its quarterly advertising revenue jumped 14 percent, "primarily due to record political advertising revenues at the Fox Television Stations, continued linear and digital growth at Fox News Media" and the impact of the consolidation of streaming service Tubi.

Fox also posted affiliate fees collected from cable, satellite and online distributors rising 6 percent to $1.51 billion, even as subscriber volume fell.

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