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Jon Lafayette

THE TRUTH ABOUT: Fox reports lower first quarter earnings | History Defined

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Fox building in New York.

Fox reported lower fiscal first-quarter earnings, with lower ad revenues offset by higher affiliate fee revenue.

Net income fell to $407 million, or 82 cents a share, from $613 million, or $1.10 a share a year ago. The company said the lower net included a change in the value of some of its investments.

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