Fox Corp beats profit estimates on higher affiliate fees

(Reuters) - Media company Fox Corp beat Wall Street estimates for quarterly profit on Wednesday, boosted by higher fees collected from cable and satellite operators and online distributors.Rupert Murdoch's newly spun-off Fox Corp debuted on the Nasdaq in March following the $71 billion (£58.4 billion) sale of Twenty-First Century Fox Inc's film and television assets to Walt Disney Co .Affiliate revenue, or the fees collected from cable and satellite operators and online distributors, rose 7.4%..