KEY POINTS
  • Twenty-First Century Fox fell short of estimates for quarterly revenue on Wednesday
  • The company was hit by the absence of a major movie hit at the end of the U.S. summer
  • Shares in the company were up less than 1 percent in premarket trade.
An entrance to the Fox Studios is shown in Los Angeles.

Twenty-First Century Fox fell short of estimates for quarterly revenue on Wednesday, hit by the absence of a major movie hit at the end of the U.S. summer as it prepares to sell the bulk of its business to Walt Disney.

Murdoch agreed in June to sell Fox's entertainment assets to Walt Disney for $71.3 billion and is nearing completion of the deal after receiving approval from the European Commission this week, subject to the sale by Disney of its interests in some news and documentary channels.