Rupert Murdoch's 21st Century Fox, formerly known as News Corp, has reported annual revenues of $US27.68 billion ($A31.10 billion), up 10 per cent on last year.

The company said nearly three-quarters of the $US2.62 billion increase reflected growth in its cable network programming, filmed entertainment and television segments.

The balance of the growth primarily related to the inclusion of Sky Deutschland AG revenues beginning in January 2013.

The company reported annual total segment operating income before depreciation and amortization (OIBDA) of $US6.26 billion compared with prior year's $US5.76 billion.

The results release is an historic moment for the company, which Murdoch built from an Australian newspaper base to a global entertainment empire.

In June, News Corp split its broadcast and publishing operations, with the two businesses reporting separately in future.

The profitable pay TV, broadcast TV and film operations became 21st Century Fox and the company's Australian, US and UK newspapers, book publishing arm and Australian pay TV business became New News Corp.

"With the separation complete, 21st Century Fox launches as a distinct public company with its own identity, its own strategy and its own growth and capital plan," Murdoch said.

"Although a significant amount of time and effort was spent over the past 12 months on this separation, we never lost focus on the operation of our businesses.

"The company not only delivered strong earnings and revenue growth led by our channels businesses, we also positioned ourselves for future success with strategic investments in our global channels businesses, including the acquisitions of Sports Time Ohio and an ownership stake in the YES Network, as well as the announcement of the impending launches of Fox Sports 1 and FXX.

"As a result of these advances, 21st Century Fox is poised to deliver continued innovation for our customers as well as sustained growth and long-term value for our stockholders."

 

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