Fox: Interim result 2014 and delisting

The US film and TV giant has released details of its ASX delisting alongside a mixed second-quarter result.

It’s easy to be cynical when management tries to shift the focus onto its long-term prospects following a disappointing quarterly result, but we’ll take what we can get.

After announcing a 4% decline in earnings before interest, tax, depreciation and amortisation (EBITDA) for the three months to December and lowering full-year guidance to ‘mid to high single digit growth’, due to weak performances from film releases, the X Factor and American Idol, chief operating officer Chase Carey declared that ‘we’ve never been more excited about the future of 21st Century Fox’ and that ‘structurally and strategically we’ve never been stronger’.

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