21st Century Fox is expected to announce its fourth quarter earnings Wednesday after the bell.
Here’s what Wall Street expects:
- EPS: 35 cents, according to Thomson Reuters
- Revenue: $6.77 billion, according to Thomson Reuters
Multiple companies yanked their ads from Fox News’ prime time slot in April amid sexual harassment allegations against the network’s biggest star, Bill O’Reilly. Fox dropped O’Reilly later that month. Tucker Carlson took over O’Reilly’s 8 p.m. Eastern time slot, replacing “The O’Reilly Factor” with “Tucker Carlson Tonight.”
Last month, Fox News continued its streaks for most day viewers and prime time viewers, TVNewser reported, citing Nielsen numbers. The network has been first in day viewers for 13 consecutive months and first in prime time viewers for 187 straight months, TVNewser said.
The company’s fourth quarter revenue will include ticket sales from 20th Century Fox movies “The Boss Baby” and “Alien: Covenant.”
21st Century Fox is exploring the option of operating local television stations through Ion Media Networks and ditching Sinclair Broadcast Group as an affiliate partner, Bloomberg reported last week. Sinclair is in the process of acquiring Tribune Media, which owns or operates 42 local television stations, according to the company’s website.
21st Century Fox is still in the process of taking over Sky, a European satellite company. Rupert Murdoch’s quest was stalled yet again this week. British culture secretary Karen Bradley is seeking more advice from media regulator Ofcom, according to the Hollywood Reporter.
Shares of 21st Century Fox are down slightly so far this year.
This is a breaking news story. Please check back for updates.