Fox Swings To Quarterly Profit Despite Slump In Ad Revenue
![](https://tvnewscheck.com/wp-content/uploads/2023/03/Fox_New_York_building_Ted-Shaffrey_AP-400x225.jpg)
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Fox Corp. said it swung to a profit in its fiscal third quarter despite slumps in advertising revenue, largely due to the absence of charges associated with a massive legal setback tied to Fox News Channel and a boost in affiliate fees. The owner of Fox News Channel and the Fox broadcasting network said overall revenue fell to about $3.45 billion, compared to approximately $4.08 billion in the year-earlier period.
This article was originally posted on variety.com
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