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Communications Services Up On Rotation To Growth Sectors -- Communications Services Roundup

08/04/2021 | 05:32pm EDT

Communications services companies rose as traders rotated into growth sectors from cyclical areas.

The New York Times' second-quarter revenue rose 24% as robust growth in advertising sales offset slowing subscriber growth.

Digital-advertising concern Criteo logged a sharp increase in second-quarter revenue to $551 million, reflecting strong demand from retailers.

Lumen Technologies plans to sell a swath of its U.S. telecommunications network to investment firm Apollo Global Management for $7.5 billion including debt.

Notre Dame's football home opener against Toledo will air exclusively on the Peacock streaming service, as NBCUniversal looks for ways to drive more subscribers to the streaming service.

Fox Corp., parent of Fox News and the Fox broadcast network, said revenue rose in the latest quarter, as the company expects the return of live sports and entertainment events will continue to propel its growth.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

08-04-21 1731ET

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