Losses on Major League Baseball helped push Fox TV Network defici...
Losses on Major League Baseball helped push Fox TV Network deficit to $60 million in 2nd quarter ended Dec. 31 from $16 million loss year ago. Despite 5% network ratings growth, Fox TV Stations profit dropped to $249 million…
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from $259 million, but cable network profits increased to $56 million from $32 million. Strong filmed entertainment results helped boost overall operating profit to $396 million from $319 million. Network revenue rose to $649 million from $581 million, but TV station revenue dropped to $457 million from $470 million. Parent News Corp. lost $23 million in quarter, vs. $677 million profit year ago, because of losses at controlled entities, company said. Overall revenue dipped to $3.85 billion from $3.86 billion. In other financials, Liberty Corp. station revenue increased to $46.4 million from $38.1 million and cable revenue was flat. Overall profit was down slightly to $11.2 million from $11.8 million year ago.