Even a cursory look at the media landscape suggests Rupert Murdoch is far from an outlier in wanting to see a property he built with his bare-knuckled hands land on his progeny.
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A loss of roughly $1 billion in income from discontinued operations in the year-earlier period accounted for much of the decline.
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The move was the latest step that the company has taken to reduce its position in China.
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The network has been silent on whether it has reached a settlement with Brian Lewis, the former close adviser to the Fox News chairman, Roger Ailes.
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The appointment was part of a deal by 21st Century Fox, where Mr. Murdoch is an executive, to buy a 5 percent stake in Vice.
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Rupert Murdoch, chairman of News Corporation and 21st Century Fox, and Wendi Deng Murdoch agreed to end their 14-year marriage.
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The media company’s revenues surpassed Wall Street expectations, but profits were down in part because of the cost of starting two new channels.
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The new leader of the streaming service would be Mike Hopkins, a veteran of Fox Networks with a focus on distribution as opposed to creating new content.
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The deal sends 33 local newspapers and magazines to the Fortress Investment Group, a private equity firm.
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Profits also soared in the latest quarter at the newly independent Fox entertainment arm.
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Saad Mohseni has brought soap operas, sitcoms and reality TV to his native country, Afghanistan, and with them a modicum of normalcy. Now he is looking to expand to Egypt, Libya and Iraq.
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The streaming-video Web site had been seeking bids for months. The owners — 21st Century Fox, the Walt Disney Company and NBCUniversal — instead decided not to sell.
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United States Senator Robert Menendez of New Jersey urged the review after the station dropped its nightly newscast and replaced it with a tabloid-style magazine show.
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The company is expected to complete its separation on June 28, with publishing assets in one company and most film and television units in another.
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The new media and entertainment company of News Corporation will be called 21st Century Fox.
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