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Twenty-First Century Fox 2Q profit falls 49 pct

By Washington Examiner
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NEW YORK (AP) — Twenty-First Century Fox said Thursday that its fiscal second-quarter net income dropped 49 percent, largely as a result of acquisition costs, but still matched Wall Street predictions.

The media entertainment giant controlled by Rupert Murdoch also posted significantly higher-than-expected revenue, helped by its acquisition of a controlling stake in German satellite TV operator Sky Deutschland AG in January 2013.

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