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Fox's Long Summer Continues, Reports Mixed Quarter as Revenue Misses

It's been a rough summer for Rupert Murdoch's media behemoth Twenty-First Century Fox (FOXA) . The owner of the Fox studio and TV network became the subject of its own real life drama in July when long-time Fox News chairman Roger Ailes resigned after allegations of sexual harassment. Earlier Fox overhauled its studio, replacing its top executive amid a streak of underperforming films.

Wall Street analysts, eager for signs of new catalysts for growth to jumpstart Fox shares, which this year have lagged most of its larger media...