Fox's Q1 Fiscal 2015 Earnings May have Dragged On Softer Ratings And Higher Programming Costs

We believe that the lower ratings at the broadcasting network and continued growth in programming costs will weigh on Fox's quarterly performance. However, Fox's movie business likely did well in the quarter, driven by the success of Dawn of the Planet of Apes, The Maze Runner, and Gone Girl, along with the continued success of previous quarter release, X-Men: Days of Future Past.