The Super Bowl, new digital streaming TV deals and higher fees for its cable networks resulted in a stronger-than-expected gain in quarterly profit at 21st Century Fox.
The Walt Disney Company on Thursday said profits at its ESPN-dominated cable networks unit would grow on an annual basis for the next three years.
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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Fox Sports 1 appears to be the stiffest competition for ESPN because of the resources of its parent and ambitions of its chairman, but it has a long way to go to match the ESPN empire.
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