21st Century Fox loss shrinks after company split

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LOS ANGELES (AP) — Entertainment media company 21st Century Fox shrank its fiscal fourth-quarter loss after the owner of Fox News Channel and FX shed the publishing division that caused a big write-down a year earlier.

The New York company split from News Corp. in June.

The loss in the three months to June 30 came to $371 million, or 16 cents per share. That's better than the loss of $1.55 billion, or 64 cents per share, in the same period a year ago.

Excluding the spun-off divisions and one-time items, 21st Century Fox posted a profit of 31 cents per share.

Revenue rose 16 percent to $7.21 billion.

Analysts polled by FactSet expected adjusted earnings of 34 cents per share on revenue of $7.14 billion.

Shares are up 4 percent in after-hours trading.

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