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Fox Reports Better-Than-Expected Earnings

Fox’s Class A Shares, down 17% in 2015, rose 0.3% to $32 in recent after-hours trading.

In July, Rupert Murdoch officially stepped down as chief executive of 21st Century Fox Inc., handing the title to his son James, 42 years old. The elder Mr. Murdoch, who is 84, stayed on as executive chairman at Fox. His older son, Lachlan Murdoch, 43, was named executive co-chairman.

The moves formalized a transition that put Mr. Murdoch’s children at the helm of Fox, a sprawling conglomerate that includes the Fox broadcast network, cable channels in the U.S. and around the world, and one of the largest film and television studio.

In the latest quarter, Fox’s earnings...