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Earnings Report

Fox revenue rises, boosted by political advertising

The company behind Fox News, Fox Sports, the Fox broadcast network, local-television stations and other media assets Tuesday reported $4.09 billion in revenue for its fiscal second quarter that ended Dec. 31, up 8% compared with the same period a year earlier.

T-Mobile to spend up to $3B on saying bye to Sprint

The Bellevue, Wash., company said it would spend $2.5 billion to $3 billion before taxes folding the stores, employees and network infrastructure it acquired from its one-time competitor into the new business. The company spent about $1.9 billion on such expenses last year.