LOS ANGELES: Rupert Murdoch's Twenty-First Century Fox Inc, the film and TV company recently separated from News Corp, expects to increase profit over the next few years while it invests in new sports and entertainment networks, Chief Operating Officer Chase Carey said on Thursday.
Fox has set a target of "$9 billion-plus" in earnings before interest, taxes, depreciation and amortization (EBITDA) for fiscal 2016, Carey told investors at a meeting on the Fox movie studio lot in Los Angeles.Wall Street has forecast $8.8 billion for the fiscal year that ends in June 2016, according to analysts surveyed by Thomson Reuters I/B/E/S.
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