The Walt Disney Co logo on a screen above the floor of the New York Stock Exchange. Total revenue rose 7 per cent to $15.23 billion, but missed analysts’ expectation of $15.34 billion. Photograph: Richard Drew/AP

Walt Disney Co missed Wall Street estimates for quarterly profit on Tuesday due to higher programming costs and another drop in subscribers at ESPN. (...)

Fox shares rose 1.6 per cent in midday trade on Tuesday, while Disney tumbled 3 per cent. Photograph: Lucas Jackson/Reuters

Walt Disney is in the lead to acquire much of 21st Century Fox’s media empire, though rival suitor Comcast remains in contention, people familiar with(...)

Murdoch’s Twenty-First Century Fox agreed to buy the 61% of Europe’s biggest broadcaster it does not already own

Britain intends to subject Rupert Murdoch’s takeover of European pay-TV group Sky to a lengthy in-depth investigation after finding the $14.8 billion (...)

Circulation revenue grew slightly, helped by a 13.8 per cent rise in revenue from digital-only subscription products

The New York Times reported lower-than-expected quarterly revenue as its print advertising sales fell for the fourth straight quarter. Shares of the c(...)