Fox reports higher profit and revenue on cable increases

Rupert Murdoch's newly separated 21st Century Fox reported higher revenue and profit because of growth at its cable operations and film studio.

Revenue rose 16 percent to $7.2 billion for the quarter ending June, compared to the same quarter last year, the company said on Tuesday. Net income was $977 million, or 42 cents per share, from $596 million, or 25 cents per share, in the same quarter last year.

(Reporting by Jennifer Saba in New York)