Rupert Murdoch predicted today (Friday) that his 20th Century Fox film studio and Fox TV network will make a comeback during the current fiscal year. Writing in News Corp's annual report, Murdoch said, "While we were disappointed by the performances of our film studio and broadcast network during the year, I am strongly encouraged by the changes we have made at both operations over the past six months, changes I am confident will restore any momentum that was lost during this past year. The film studio, in particular, offers compelling prospects...."

Source: Studio Briefing