The costs of investing in sports chipped away at Fox’s profit in the company’s second quarter, as the owner of Fox News Channel and Fox Sports said cash flow was eroded by higher rights fees for the live matches that have helped it endure a difficult climate for media companies more readily than some of its competitors. Fox Corp. said revenue in its second quarter rose 2%, or $104 million, to $5.18 billion, due in part to upticks in revenue for distribution and advertising. But net income

Tag-uri: Advertising