WHY THIS MATTERS:Net income was down 29% to $71 million, or 20 cents a share, in the quarter, compared to $100 million, or 27 cents a share a year ago.
When Comcast is able to sell its stake in streaming video joint venture Hulu, 21st Century Fox would be a logical buyer, according to Credit Suisse analyst Omar Sheikh. In a new report, Sheikh says the kind of targeted advertising Hulu focuses on represents an opportunity for companies in the TV business.