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Twenty-First Century Fox's quarterly revenue beats Street


(Reuters) - Twenty-First Century Fox Inc's quarterly revenue topped market estimates on Wednesday as higher advertising sales and revenue from traditional and online distributors boosted its cable business.The company's shares were up nearly 1 percent in extended trading.The results come after CNBC reported on Monday that Fox had, in the last few weeks, held talks about selling most of its film and television assets to Walt Disney Co . The two sides are not currently in discussion, CNBC had reported.Rupert Murdoch-controlled Fox did not address the report in its first-quarter report.Revenue ...

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First Published: Thu, November 09 2017. 04:38 IST