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News Corp bosses have announced an optimistic outlook - despite the slowing US economy - as they revealed a modest second-quarter profits rise.
The company's profits for the fiscal quarter rose 1.2% to $832m and it raised its earnings projection for the year.
The gain would have been a sizeable 24%, to $1.4bn, if it was not for a drop in earnings from Sky, which booked a £343m ($680m) loss on its investment in ITV.
In the second quarter last year News Corp made $249m from its affiliates group, in which the ITV write-down was booked.
Chief executive and chairman Rupert Murdoch took the opportunity of announcing the results to reveal Fox made $250m in advertising revenue thanks to this year's Super Bowl. It attracted more viewers than ever before and Murdoch called it the "the biggest day in our company’s history".
He said: "Our unrelenting focus on exploring new opportunities as consumer choice evolves and developing market leadership positions regardless of borders has enabled us to deliver consistently strong financial results irrespective of individual market conditions."
Fox chief Peter Chernin said: "I know there are concerns about the economic environment. We at Fox have not seen any impact to date."
