Like many media companies, Fox has no shortage of challenges, including accelerating cord-cutting and a weak ad market. The company itself saw its fiscal first-quarter net income fall 32% to $415 million. But sports stands as an important bright spot for Fox. Despite traditional TV usage falling below 50% of all consumption for the first time this summer, newly elevated Fox Corp. executive chair and CEO Lachlan Murdoch says the cable bundle still stands as the company’s core business driver. “The cable bundle remains our largest and most important revenue stream,” Murdoch said. “We believe that it will remain our largest for years to come.” Such is Fox’s belief in the traditional TV ecosys
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