Cable nets help fuel strong quarter for 21st Century Fox

21st Century Fox for the period ending March 31 generated a 14% increase in operating income before depreciation and amortization, despite higher costs tied to launching its Fox Sports 1 and FXX networks. The company's cable network division, its most profitable segment, boosted its OIBDA by 10% to $1.2 billion, due in large part to increases in fees from pay-TV providers.

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