Fox, the global film and television giant behind hit shows like The Simpsons and Modern Family, already owns a 39.1% stake in Sky.
Net income attributable to Fox shareholders fell to $US476 million, or 26 cents a share, from $US567 million, or 30 cents per share.
Murdoch, 86, began a gradual withdrawal from both companies in 2013, and now shares the title of chairman with his eldest son Lachlan at both firms.
Revenues at the company behind 20th Century Fox, FX, and Fox News increased 2% to $6.75 billion.
Analysts on average were expecting a profit of 35 cents a share and revenue of $US6.77 billion, according to Thomson Reuters I/B/E/S.
United States government personnel in Havana report "incidents" causing physical symptoms
Trump said he was keeping the USA embassy in Havana " in the hope that our countries can forge a much stronger and better path ". The nature of the incidents was unclear, though Nauert said the Americans' ailments were not life-threatening.
Just over two months after British culture secretary Karen Bradley cited competition, not editorial concerns, in her decision over the deal following a review by media regulator Ofcom, she is now seeking further advice from the regulator after she received "new evidence and comments".
The Murdochs have since expressed concern in the delay of the deal, with Fox chief exec James Murdoch and co-chairman Lachlan Murdoch saying that any delay would paint a bad picture of the United Kingdom in light of Brexit, signalling the country wasn't as "open for business" as it claims to be.
In May, Fox News reported that murdered Democratic aide Seth Rich had been identified as the source of the WikiLeaks email hack, a story that was used by Republicans to attack claims of Russian involvement in the presidential election. O'Reilly's exit followed that of Roger Ailes, the late Fox News founder, who resigned in 2016 in the wake of his own sexual harassment scandal. The company said this revenue growth reflects higher affiliate and advertising revenue at the Cable Network Programming segment partially offset by lower content revenues at the Filmed Entertainment segment and lower advertising revenues at the Television segment.
On the film front, it was a mixed bag. The lack of a major hit caused the division to have a quarterly segment OIBDA loss of $22 million, a $186 million decrease from the $164 million contribution it reported in the same period a year ago. In the year-ago quarter, "Deadpool" hit store shelves, making comparisons hard. Annual revenues climbed 4% to end up at $28.5 billion.
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