By Jonathan Davies

21st Century Fox reported better-than-expected profits for the fourth quarter of 2014 after the merger of BSkyB, Sky Deutschland and Sky Italia.

The company owned by Rupert Murdoch reported profits of $6.2bn (£4.1bn) for the three months to the end of December. It compared with $1.2bn in the same period in 2013.

The increase was largely due to the merger of the three Sky businesses, as overall Fox revenues fell by 1% to $8.06bn.

"We delivered solid quarterly results despite continuing currency headwinds and ratings challenges at the Fox broadcast network," said Mr Murdoch.

The success of films like The Maze Runner and Gone Girl also contributed to the company's fourth quarter success.

Join us on
Follow @freshbusiness