Fox hit by split from News Corp

Rupert Murdoch's 21st Century Fox film and TV company reported quarterly earnings yesterday that missed expectations, hurt by investments in new cable channels and a weaker performance from its movie releases. For its first quarter as an independent company, having split from News Corp during the summer, Fox recorded total revenue of $7.06bn (£4.4bn), an 18 per cent increase from the same period a year earlier.