"During the quarter, our cable business continued to drive our growth, delivering sustained increases in domestic affiliate fees and gains in advertising revenue, underscoring the power of our global brands and distinctive programming," Executive Chairmen Rupert and Lachlan Murdoch said in a statement, adding that they are encouraged by "progress" at the FOX Broadcast Network. Wall Street had estimated that the company would report $1.65 billion in television revenue for the quarter, according to StreetAccount, but 21st Century Fox beat expectations, reporting revenue of $1.72 billion.