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Versant Sees Q3 Profit Drop Despite Upticks in Non-TV Operations

Versant Media said third quarter profit fell as its dependence on traditional media properties forced it to navigate with drops in cash from both advertising and distribution even as the company acquires new direct-to-consumer operations and launches digital businesses tied to its linear properties. The owner of MS NOW, CNBC and USA said net income […]

Entertainment

Fox Corp. Sees Q1 Profit Hike on World Cup, Political Ads

Fox Corporation said profit in its fiscal first quarter was bolstered by advertising revenue tied to its multi-week telecast of the FIFA World Cup as well as increases in political ads and in the number of subscribers to its TV networks — dynamics that many traditional media corporations are hard-pressed to duplicate in the streaming […]

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