Fox Entertainment Group
reported first-quarter income that was in line with Wall Street's estimates, but fell slightly from a year ago.
Before the effect of an accounting change, first-quarter income was $36 million, or 5 cents share, matching analysts' estimates, according to
First Call/Thomson Financial
. The company earned 6 cents a share in the same period a year ago.
Revenue rose to $1.83 billion from $1.80 billion last year.