Fox and New York Times exceed estimates as US ad market improves 

US companies that had cut back on their marketing budgets are looking to advertise again, bolstered by hopes of improving consumer sentiment as inflation has begun to cool

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Fox Corporation and the New York Times topped analyst estimates, as the US advertising market showed signs of a rebound on an improving economy.

The Rupert Murdoch-controlled Fox benefited from an industry-wide uptick in the advertising market, sending the broadcaster's shares up nearly 5%.