Fox Corp. boosted profit and revenue on a strong performance from Fox News in its latest quarter, showing how crucial the cable news network is for the media company, as other areas of its business declined.
Fox News leads all cable-news channels in ratings. Fox Corp. Executive Chairman and Chief Executive Lachlan Murdoch said he expected a slower news cycle after Election Day, which could result in fewer viewers, though he said he didn’t expect the network to lose its first-place status.
Revenue…
